State Street Global Advisors Joins Climate Action 100+
By Dieter Holger
State Street Global Advisors joined one of the world's largest
investor groups on climate change, adding pressure to corporations
to curb their greenhouse gas emissions and meet the Paris
The New York-based firm, the third-largest money manager
world-wide with around $3.15 trillion under management, said Monday
that it has signed onto Climate Action 100+, which has encouraged
more than a hundred companies to set more ambitious goals on
climate change since it was founded in 2017.
"It is clear we need to work not only side-by-side on these
issues, but hand-in-hand," SSGA President and Chief Executive Cyrus
Taraporevala said in a blog post on LinkedIn.
Climate Action 100+ said it is now 545 investors strong with
SSGA's addition, representing nearly half of the world's managed
assets at an estimated $52 trillion. The group is engaged with some
167 companies that emit two-thirds of annual global greenhouse gas
BlackRock Inc., the world's largest asset manager, and Invesco
Ltd. also joined Climate Action 100+ this year.
Write to Dieter Holger at firstname.lastname@example.org;
(END) Dow Jones Newswires
November 30, 2020 11:44 ET (16:44 GMT)
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