Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

State Street Joins Global Leaders to Address Climate Change Risk at Vatican Gathering

Posted by fidest press agency su domenica, 16 giugno 2019

State Street Corporation (NYSE: STT), (State Street), today announced that it has signed Participant Statements on Climate Risk Disclosures and Carbon Pricing following the “Energy Transition and Care for Our Common Home” summit hosted by the Vatican’s Dicastery for Promoting Integral Human Development and the University of Notre Dame.During the Vatican’s second climate change gathering of this kind, State Street’s president and chief executive officer, Ron O’Hanley, joined leaders from the investment and oil and gas sectors to discuss effective action to keep global warming below the two degrees centigrade threshold.“We applaud the Vatican and the University of Notre Dame for bringing together this diverse group to explore constructive ways to transition more quickly and effectively to a cleaner energy world,” said O’Hanley. “We endorse the energy companies’ call for a market-based carbon pricing mechanism and will work with the companies in which we invest to improve climate-related risk disclosures.” This is aligned with the efforts of the Taskforce on Climate-Related Financial Disclosures (TCFD), which State Street joined in 2017.State Street has long believed that corporate boards have a responsibility to effectively oversee the assessment of material risk to long-term strategy posed by climate change, including the implications of transitioning to a low carbon economy. In 2017, State Street Global Advisors, the asset management business of State Street, called on oil and gas companies to improve the reporting and disclosures related to climate change risk assessment.www.statestreet.com.

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