Does Avon Have Toxic In Their Makeup And Skin Care
April 15, 2014 // BOSTON, MA – Responding to force per unit area from investors and consumers, Avon Products (Avon)* appear that it is eliminating the chancy and toxic chemical triclosan — a suspected endocrine disruptor — from all of its dazzler and personal care products effective immediately. The Green Century Equity Fund filed a shareholder proposal urging Avon to adopt a safer chemicals policy and applauds Avon's decision to address the growing consumer business organization about the presence of unsafe chemicals in personal care products…
"Consumers should non have to choose between health and beauty," said Lucia von Reusner, shareholder advocate at Green Century Capital Management. "As a company that brands itself as 'the company for women,' Avon's decision to eliminate ingredients linked to breast cancer from its products is the obvious choice for protecting both its customers and its reputation," said von Reusner.
The Green Century Equity Fund re-filed its shareholder proposal urging Avon to prefer a safer chemicals policy this twelvemonth, after the proposal received back up from xviii% of shareholders in 2013. "Consumers trust Avon to provide high quality, safe products. Reassuring consumers that their chemical safety concerns are beingness answered is absolutely critical for maintaining consumer trust," said Gary Matthews, a CPA and fiscal counselor who spoke in support of Green Century's 2013 resolution at Avon'southward annual meeting.
"There is growing momentum in the marketplace for companies to move faster than lagging regulators in tightening up chemical prophylactic standards for their cosmetics and personal care products," said Richard Liroff, Executive Managing director of the Investor Environmental Health Network. "We're glad to see Avon taking activeness on triclosan, joining the other merchants who have stepped up to the plate every bit 'retail regulators.'"
The presence of toxic chemicals in everyday personal care products such as lipsticks, babe shampoo, and beauty salon products has received significant media coverage and put pressure on companies to provide safer alternatives. A 2011 Deloitte survey found that 57% of respondents cited safety as their number one concern when ownership personal intendance products.¹ Carcinogens such as 1,iv-dioxane, triclosan, and phthalates are some of the hazardous chemicals of concern commonly found in many personal care products.²
Recently, major product retailers and manufacturers have appear policies to reduce consumer exposure to hazardous chemicals in every 24-hour interval products. In the past year, Procter & Gamble*, Johnson & Johnson*, and mega-retailers Target* and Walmart* all announced policies for reducing customer exposure to toxic chemicals by phasing out chemicals known or suspected to cause serious health risks.
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Green Century Capital Management is an environmentally responsible investment advisory firm that manages ii fossil fuel free mutual funds – the Greenish Century Balanced Fund and the Green Century Equity Fund. Founded by a partnership of non-turn a profit ecology advocacy organizations in 1991, Light-green Century Capital Management provides people who care about a clean, healthy planet the opportunity to keep their money out of environmentally irresponsible companies and use the leverage of their investment dollars to encourage environmentally responsible corporate beliefs. Visit Green Century or greencentury.com.
The Investor Environmental Health Network (IEHN) is a collaboration of investment managers and advisors advocating for safer corporate chemicals policies to abound long-term shareholder value and reduce financial and reputational risks to companies.
¹ http://www.deloitte.com/assets/Dcom-UnitedStates/Local%20Assets/Documents/Consumer%20Business/us_cp_2011foodsafetysurvey_041511.pdf
² http://world wide web.breastcancerfund.org/articulate-science/environmental-breast-cancer-links/cosmetics/
* As of March 31, 2014, Avon Products, Inc. and The Procter & Gamble Visitor comprised 0.10% and 0.00%; and 3.55% and 0.00% of the Green Century Equity Fund and the Green Century Balanced Fund, respectively. Other securities mentioned were not held in the portfolios as of March 31, 2014. The holdings of the Green Century Funds may change due to ongoing direction of the Funds. References to specific investments should non exist construed equally a recommendation of a security by the Funds, their counselor, ambassador, or benefactor.
Stocks will fluctuate in response to factors that may bear on a single company, industry, sector, or the marketplace every bit a whole and may perform worse than the market. Bonds are subject field to risks including involvement rate, credit, and inflation. The Funds' environmental criteria limit the investments available to the Funds compared to mutual funds that exercise not use environmental criteria.
You should carefully consider the Funds' investment objectives, risks, charges, and expenses before investing. To obtain a Prospectus that contains this and other data nearly the Funds, please click here , electronic mail info@greencentury.com , or telephone call one-800-93-Greenish. Delight read the Prospectus before investing.
This data has been prepared from sources believed to be reliable. The views expressed are every bit of the appointment of this writing and are those of the Counselor to the Funds.
The Green Century Funds are distributed by UMB Distribution Services, LLC. 4/fourteen
Source: https://www.greencentury.com/avon-products-eliminates-toxic-chemical-from-all-cosmetics/#:~:text=APRIL%2015%2C%202014%20%2F%2F%20BOSTON,personal%20care%20products%20effective%20immediately.
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