In recent years, climate change has emerged as a key systemic threat, representing both a strategic and business challenge for all companies. State Street Global Advisors’ primary fiduciary obligation is to maximize the long-term returns of our clients’ investments, and we have therefore prioritized climate change as a core theme of our stewardship activities since 2014.
Climate change presents challenges to companies as they balance their strategic direction, commitments and goals. Equally, forward-thinking companies will have the opportunity to benefit both financially and reputationally from the transition to a lower-carbon economy. Examples include companies that can develop sustainable business lines, adapt to new regulations, build strong stakeholder relationships and improve efficiency and cost-savings.