State Street Global Advisors Signs Declaration on Financial Risks Related to Climate Change
April 25 2018 - 8:00AM
Business Wire
Adds $2.7 trillion in Assets under Management to Finance
Montréal’s Efforts to Enhance Disclosures of Climate Related
Risks
State Street Global Advisors, the asset management arm of State
Street Corporation (NYSE: STT), and Finance Montréal, today
announced that the global asset manager with more than $2.7
trillion in assets under management has joined more than 30 other
financial institutions and pension funds as a signatory of the
Declaration of Institutional Investors on Climate-Related Financial
Risks (“the Declaration”). The Declaration, released in October
2017, calls on publicly-traded companies in Canada to commit to
enhanced disclosures of their exposure to climate change risks, and
the measures they are taking to manage them.
The signatories of the Declaration pledge to work with Canada’s
publically-traded companies to help them mitigate their climate
change risks, such as preparing for a transition to a low-carbon
economy. By signing the Declaration, these organizations are also
using their collective financial strength to encourage other
financial institutions to join together to inspire more sustainable
economic growth and reduce their environmental impact.
“We are proud to join these other financial stewards in calling
on publicly-traded companies in Canada to commit to disclosing more
information on their exposure to climate change risks, and how they
will manage these risks moving forward,” said Peter Lindley, head
of State Street Global Advisors Canada. “In signing this
Declaration, State Street Global Advisors reaffirms our commitment
to ESG efforts that will help to initiate greater transparency
around climate change disclosure principals.”
“We are pleased to welcome State Street Global Advisors among
the signatories of the Declaration,” said Louis Lévesque, Chief
Executive Officer of Finance Montréal. “As a leading financial
services company, State Street is sending a strong signal to
facilitate the growth of a sustainable and low-emission economy.
Such a commitment from the now 15 signatory organizations
demonstrates the role the financial services industry can play in
the global movement seeking to reduce climate impacts.”
The Declaration was led by Finance Montréal’s Responsible
Investment group, and remains open to new signatories who wish to
endorse it. The full text of the declaration, as well as a complete
list of signatories, is available here.
About State Street Global Advisors
For nearly four decades, State Street Global Advisors has been
committed to helping financial professionals and those who rely on
them achieve their investment objectives. We partner with
institutions and financial professionals to help them reach their
goals through a rigorous, research-driven process spanning both
active and index disciplines. We take pride in working closely with
our clients to develop precise investment strategies, including our
pioneering family of SPDR ETFs. With trillions1 in assets under
management, our scale and global footprint provide access to
markets and asset classes, and allow us to deliver expert insights
and investment solutions.
State Street Global Advisors is the investment management arm of
State Street Corporation.
*Assets under management were US $2.72 trillion as of March 31,
2018. AUM reflects approx. US $36 billion (as of December 31, 2017)
with respect to which State Street Global Advisors Funds
Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and
State Street Global Advisors are affiliated.
About Finance Montréal
Finance Montréal, Québec’s financial cluster, was created in
2010 by institutions in the financial services industry at the
invitation of the Québec Government. Finance Montréal brings
together 45 institutional members. Its mission is to develop and
promote Québec’s financial services industry. The organization
works to enhance Montréal's reputation as world-class financial hub
and engages in international business development activities to
attract foreign firms in Montréal by promoting various fiscal
incentives including the IFC tax credit. Finance Montréal fosters
cooperation among a vast range of institutions to stimulate the
industry’s growth while raising awareness of the financial
specializations found in Montréal. To learn more about
Finance Montréal, visit www.finance-montreal.com.
2097761.1.1.NA.RTL
1 Assets under management were $2.67 trillion as of September
30, 2017. AUM reflects approx. $36 billion (as of September 30,
2017) with respect to which State Street Global Advisors Funds
Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and
State Street Global Advisors are affiliated.
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version on businesswire.com: https://www.businesswire.com/news/home/20180425005807/en/
State Street Global AdvisorsBrendan Paul, +1
617-662-2903BPaul2@StateStreet.com
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