WASHINGTON -- In a commitment to sustain long-term value for its investors, BlackRock’s CEO Larry Fink recently announced that they will place climate change front and center in charting a course forward for the company. This move followed Environment America’s affiliated mutual fund company Green Century filing a shareholder proposal in December with BlackRock. The proposal called out the world’s largest asset manager for a disconnect between its public posturing on climate change and its actions. Green Century is the only mutual fund company in the United States wholly owned by environmental and public health nonprofit organizations.
Andrea McGimsey, senior director for Environment America’s Global Warming Solutions campaign, issued the following statement:
“Investments firms like BlackRock have an out-sized role to play in solving climate change. We welcome their stated commitment, but are taking it with cautious optimism.”
“For years, BlackRock has issued statements and white papers about the importance of addressing climate risk, yet they voted against virtually every climate-related shareholder resolution last year. They’ve now publicly committed to a new approach, but the proof will be in their actions -- and we will be watching closely.”
Environment America is a national network of 29 state environmental groups. Our staff work together for clean air, clean water, clean energy, wildlife and open spaces, and a livable climate. Our members across the United States put grassroots support behind our research and advocacy.
Green Century Capital Management is the investment advisor to the Green Century Funds. The Green Century Funds are the first family of fossil fuel free, responsible, and diversified mutual funds in the United States. Green Century Capital Management hosts an award-winning and in-house shareholder advocacy program and is the only mutual fund company in the U.S. wholly owned by environmental and public health nonprofit organizations.
Environment America and Green Century Capital Management are part of The Public Interest Network, which runs organizations committed to a shared vision of a better world, a set of core values, and a strategic approach to getting things done.
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The Green Century Funds are distributed by UMB Distribution Services, LLC. 235 W Galena Street, Milwaukee, WI 53212. 1/20