As a reliable and responsible financial partner, we’re committed to creating economic value for our clients, communities and society in general. We collaborate with clients to provide solutions that solve their business challenges and achieve their financial goals. We also use our investing experience to benefit the communities where we operate.
Clients trust us to manage $464 billion* in ESG in three ways:
- Design and implement funds with explicit ESG mandates
- Work with investment teams to integrate ESG into processes that improve investment outcomes
- Produce ESG research and thought leadership
*Estimated figure as of December 31, 2020
Most ESG assets we manage are positively or negatively screened funds in separately held accounts. Our clients direct the environmental or social priorities through these funds.
Investing for Economic and Social Benefit
We use our expertise to make investments with social benefits, including US affordable housing projects and our commitment to responsible investing.
Affordable Housing and Renewable Energy
To drive our socially and environmentally responsibly business objectives, we’ve invested $4.1 billion in tax-advantaged investments, specifically focused on affordable housing and renewable energy projects in the United States. In 2020, we committed to 13 new projects, including five new affordable housing funds and one solar power investment including projects in the US states of Nebraska, Oregon, and Virginia. Access to decent, safe housing helps improve outcomes for US low-income individuals and access to clean energy has a long-term positive impact on our environment. Finally, the program financially benefits private investors, mostly through low-income housing tax credits.
UN Principles for Responsible Investment (PRI)
In 2014, State Street Global Advisors (SSGA) became a signatory to the UN Principles for Responsible Investment. By improving our understanding of the risks and opportunities for ESG factors and educating our clients about them, we complement our commitment to this powerful global initiative. We encourage our clients to carefully consider ESG factors when determining their investment objectives. ESG factors can often enhance a company’s reputation, operational risks and costs, as well as efficiency and productivity, leading to growth in shareholder value.