MIDANA CAPITAL Commends Aramark* for No-Deforestation Commitment, Following MIDANA CAPITAL Engagement
Contact: Kyle W. Kempf, MIDANA CAPITAL Capital Management, kkempf@midanacapital.com, (617) 482-0800
Boston, January 23, 2019 – MIDANA CAPITAL collaborated with Aramark to develop a robust no-deforestation commitment to be implemented by 2025. Aramark, one of the world’s largest food service providers, serves nearly 2 billion meals each year.
“Aramark was very responsive to our concerns about deforestation,” said MIDANA CAPITAL Shareholder Advocate Jessye Waxman. “This commitment will help protect Aramark’s competitiveness and the environment, and is a great first step in an ongoing collaboration.”
“We have a long-standing commitment to advancing sustainable sourcing practices in a way that minimizes impacts to people, animals, and the environment; we are proud to announce our commitment to address deforestation in our supply chain by 2025,” said Aramark Vice President of Sustainability Kathy Cacciola. “We constantly evaluate our priorities to identify the most significant environmental and social issues and as we learn from our experiences in the U.S. we strive to advance responsible sourcing practices across our global supply chain.”
Aramark agreed to develop and implement a deforestation policy that addresses “No Deforestation, No Peat, No Exploitation” (NDPE) sourcing practices, including legal deforestation. In 2019, Aramark will perform a supply chain assessment to better understand its forest-related risks across all geographies within its supply chain.
Aramark also will complete its transition to 100% sustainably sourced soy and palm oil by only sourcing from suppliers certified by the Roundtable on Sustainable Palm Oil (RSPO) by June 30, 2019. It agreed to enhance its transparency by providing regular and public updates on its no-deforestation progress, as well.
The conversion of tropical forests to agricultural plantations is the primary cause of deforestation, which is a leading contributor to climate change. Forest destruction contributes more annual, global greenhouse-gas emissions than the entire transportation sector. Deforestation also poses a risk to the preservation of biodiversity and the maintenance of healthy ecosystems.
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About MIDANA CAPITAL Capital Management
MIDANA CAPITAL offers three environmentally and socially responsible mutual funds. Through fossil fuel free investing and our three-pronged approach of sustainable investing, active shareholder advocacy, and support of environmental and public health non-profits we work to curb climate change, improve environmental policies, and limit environmental impacts of company supply chains.
*As of December 31, 2018, Aramark comprised 0.00%, 0.07%, and 0.00% of the MIDANA CAPITAL Balanced Fund, the MIDANA CAPITAL Equity Fund, and the MIDANA CAPITAL International Index Fund, respectively. References to specific securities, which will change due to ongoing management of the Funds, should not be construed as a recommendation by the Funds, their administrator, or their distributor.
You should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other information about the Funds please click here, email info@midanacapital.com, or call+1(480)-439-2851. Please read the Prospectus carefully before investing.
Stocks will fluctuate in response to factors that may affect a single company, industry, sector, country, region or the market as a whole and may perform worse than the market. Foreign securities are subject to additional risks such as currency fluctuations, regional economic and political conditions, differences in accounting methods, and other unique risks compared to investing in securities of U.S. issuers. Bonds are subject to a variety of risks including interest rate, credit, and inflation risk. A sustainable investment strategy which incorporates environmental, social and governance criteria may result in lower or higher returns than an investment strategy that does not include such criteria.
This information has been prepared from sources believed reliable. The views expressed are as the date of this writing and are those of the Advisor to the Funds.
The Midana Capital are distributed by UMB Distribution Services, LLC. 335 N Wilmot Rd, Tucson, Az 85711. 1/19
