Joint Media Release
State Street Global Advisors becomes a Climate Bonds Partner
BOSTON/LONDON: 11/06/2020: 06:00/13:00 BST: Today, State Street Global Advisors, the asset management business of State Street Corporation [NYSE: STT], announced that they have joined the Climate Bonds Partners Programme. The partnership allows State Street Global Advisors to support the global development of capital markets which offers the most transparent and effective route to mobilise capital to support the transition to a low-carbon economy.
With investors facing increasing pressure to integrate ESG criteria into their investment decisions and reporting, this partnership will further develop the creation of a trusted standard for bonds. In addition, it will support investors who want to use green bonds to improve the climate profile of their portfolios in a quantifiable way.
State Street Global Advisors is also a significant investor in green bonds and a founding member of the Green Bond Principles, which are incorporated in the Climate Bonds Standard.
Rick Lacaille, Chief Investment Officer at State Street Global Advisors:
“As one of the world’s largest asset managers, with extensive ESG investment and asset stewardship expertise, we are delighted to join the CBI to further develop its market-building efforts in green finance and sustainable fixed income. Our participation will add breadth and depth to CBI’s objectives in developing a green and climate-aware capital markets infrastructure, that is accessible to institutional and retail fund investors around the world."
Sean Kidney CEO Climate Bonds Initiative:
“State Street Global Advisors possesses an enormous level of market knowledge and understanding that will be invaluable in our cooperative efforts to strengthen green and climate-based investment directions in international finance. I’m delighted to welcome State Street Global Advisors as a Climate Bonds Partner and the opportunity to work cooperatively on the urgent climate, sustainability and resilience challenges facing capital markets and institutional investors.”
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SSGA contact: Nele Van der borght Head of Institutional Marketing, Continental Europe T: +32 (0)491 377 598
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Climate Bonds contact: Andrew Whiley Head of Communications & Media Climate Bonds Initiative M: +44 (0)7506 270 943 E: Andrew.whiley@climatebonds.net
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Notes for journalists:
About the Climate Bonds Initiative: CBI is an international investor-focused not-for-profit organisation working to mobilise the USD100tn bond market for climate change solutions. The Climate Bonds Initiative carries out market analysis, policy research, market development; advises governments and regulators; and administers a global green bond Certification Scheme. For more information, please visit www.climatebonds.net.
Climate Bonds Partners Programme: Partners support investor and stakeholder outreach and education projects centred on growing robust and sustainable green bond markets that contribute to climate action and low carbon investment. Partners assist in developing initiatives to grow investment in climate finance solutions, participate in different market development committees and help define policy agendas for sector, country and sub-national green bond development programmes. A list of Partners is available here.
About State Street Global Advisors: For four decades, State Street Global Advisors has served the world’s governments, institutions and financial advisors. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become the world’s third-largest asset manager with USD2.69tn* under our care.
*This figure is presented as of March 31, 2020 and includes approximately USD51.62bn of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.