Climate change is a systemic threat to the global economy and represents both a strategic and operational challenge for all companies. As awareness of the systemic impact of climate change has grown, there has been progress on many fronts.
Countries have committed to reducing carbon emissions in line with the 2015 Paris Agreement of limiting global warming to well under 2°C by the end of the 21st century. In addition, many countries and local jurisdictions, led by the European Union, are implementing carbon pricing and emissions trading initiatives in order to reach net zero carbon emissions by 2050.
We have seen a sustained shift in energy use, away from fossil fuels and towards renewable energy, driven by acknowledgement of the impact of fossil fuel pollution, the need to reduce carbon emissions, and the growing affordability and practicality of renewables.
This information is for informational purposes only, not to be construed as investment advice or a recommendation or offer to buy or sell any security. Investors should always obtain and read an up-to-date investment services description or prospectus before deciding whether to appoint an investment manager or to invest in a fund. Any views expressed herein are those of the author(s), are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. There are no guarantees regarding the achievement of investment objectives, target returns, portfolio construction, allocations or measurements such as alpha, tracking error, stock weightings and other information ratios. The views and strategies described may not be suitable for all investors. SSGA does not provide tax or legal advice. Prospective investors should consult with a tax or legal advisor before making any investment decision. Investing entails risks and there can be no assurance that SSGA will achieve profits or avoid incurring losses.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.