Green Century is a US-based fund manager with a focus on sustainability. It was founded and is owned by a group of 9 non-profit organisations, and uses all profits to support those organisations.[1] At the end of 2017, it had around USD 525 million (€429 million) in assets under management.[2]
Green Century’s prospectus states that for each of the Green Century funds “[c]ompanies determined to have significant business involvement in the following will not be included (…): genetically modified organisms (GMOs), firearms, military weapons, nuclear power, alcohol, tobacco, adult entertainment and gambling“.[3] As a result, all companies classified as involved in manufacturing of “Nuclear Weapons”, or “Nuclear Weapons Components” are excluded.[4]
Green Century Capital Management is the investment advisor to the Green Century Funds and offers three environmentally and socially responsible funds, the Green Century MSCI International Index Fund (GCIFX/GCINX), the Green Century Equity Fund (GCEQX), and the Green Century Balanced Fund (GCBLX). The policy applies to all funds and all types of assets, including assets managed externally.[5]
Green Century makes use of an exclusion list to implement the policy, based on a variety of research providers, including MSCI, Factset, and Bloomberg. The list is not publicly available.[6]
Website: https://greencentury.com/
Twitter: @Green__Century
[1] Green Century, “Why Choose Green Century”, Green Century website (https://greencentury.com/why-choose-green-century/#oen), viewed 23 January 2018; Green Century, written response to PAX dated 5 February 2018.
[2] Green Century, written response to PAX dated 5 February 2018.
[3] Green Century, “Prospectus”, November 28, 2017, pages 33-35, Green Century website http://greencentury.com/wp-content/uploads/pdf/prospectus.pdf, viewed 23 January 2018.
[4] Green Century, “Prospectus”, November 28, 2017, Green Century website http://greencentury.com/wp-content/uploads/pdf/prospectus.pdf, viewed 23 January 2018; Green Century, written response to PAX, 1 December 2017; Green Century, written response to PAX, 5 February 2018.
[5] Green Century, written response to PAX, 1 December 2017.
[6] Green Century, written response to PAX, 1 December 2017.
Last modified March 2018