BALTIMORE, July 8, 2021 /PRNewswire/ --
NEWS
T. Rowe Price Group (NASDAQ-GS: TROW) has
published its 2020 Sustainability Report, A Resolve to Reach
Higher, highlighting progress on its sustainability journey,
its commitment to increasing transparency and accountability, and
plans for developing new environmental targets. The report is
designed to provide a well-rounded picture of organizational
initiatives related to the firm's corporate carbon footprint,
social and human capital, continued response to the pandemic, and
governance framework. It is available at
troweprice.com/SustainabilityReport.
The report is anchored in two frameworks designed to provide a
robust set of environmental, social, and governance (ESG)
disclosures: The Sustainability Accounting Standards Board (SASB)
and the Taskforce on Climate-Related Financial Disclosures (TCFD).
This is the second year the firm is following SASB standards for
the asset management and custody activities industry and the first
it is incorporating TCFD recommendations.
Supporting the firm's sustainability efforts, T. Rowe Price in 2020 became a TCFD supporter and
earlier this year joined the SASB Alliance. The firm also hired
Gaby Infante last year as the
firm's first director of Corporate ESG. Ms. Infante was previously
a corporate ratings analyst at S&P Global, an ESG specialist
and advisor for the Inter-American Development Bank, and an
international attorney for IDB Invest. She has an M.B.A. with a
concentration in sustainability from the Yale School of Management
and an LL.M. with a concentration in energy, environment, and
natural resources law from the University of
California, Berkeley.
More information about T. Rowe
Price's ESG investing approach, including the ESG Annual
Report, responsible investment guidelines, and proxy voting and
engagement policies, is available at troweprice.com/esg.
QUOTES
Bill Stromberg,
Chief Executive Officer:
"The series of overlapping crises of 2020 have brought to the
forefront the need to think holistically about sustainability and
to show progress in diversity, equity, and inclusion; community
engagement; and climate change. This is a complex journey on which
we are making progress, and despite the challenges of the past
year the resolve of our associates to deliver results responsibly
to our clients has never been stronger."
Gaby Infante, Director of
Corporate ESG:
"T. Rowe Price remains committed to
our sustainability journey and reporting on our progress in a
timely and transparent manner. Utilizing both the SASB and TCFD
frameworks provides our clients and stakeholders with
decision-useful information and material ESG disclosures and, as an
asset manager, is consistent with the recommendation we make to our
investee companies for how they can enhance their own ESG
disclosures."
ABOUT T. ROWE
PRICE
Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global
investment management organization with $1.59 trillion in assets under management as of
May 31, 2021. The organization
provides a broad array of mutual funds, subadvisory services, and
separate account management for individual and institutional
investors, retirement plans, and financial intermediaries. The
company also offers a variety of sophisticated investment planning
and guidance tools. T. Rowe Price's
disciplined, risk-aware investment approach focuses on
diversification, style consistency, and fundamental research.
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SOURCE T. Rowe Price Group, Inc.