Press release
T. Rowe Price Releases 2020 Sustainability Report
Following SASB and TCFD Frameworks, Report Highlights Corporate ESG Progress and Commitments to Communities and Associates --News Direct--July 8, 2021 /3BL
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"Following SASB and TCFD Frameworks, Report Highlights Corporate ESG Progress and Commitments to Communities and Associates\n--News Direct--July 8, 2021 /3BL Media/ - T. Rowe Price Group (NASDAQ-GS: TROW) has published its 2020 Sustainability Report, A Resolve to Reach Higher, highlighting progress on its sustainability journey, its commitment to increasing transparency and accountability, and plans for developing new environmental targets. The report is designed to provide a well-rounded picture of organizational initiatives related to the firm’s corporate carbon footprint, social and human capital, continued response to the pandemic, and governance framework. It is available at troweprice.com/SustainabilityReport.The report is anchored in two frameworks designed to provide a robust set of environmental, social, and governance (ESG) disclosures: The Sustainability Accounting Standards Board (SASB) and the Taskforce on Climate-Related Financial Disclosures (TCFD). This is the second year the firm is following SASB standards for the asset management and custody activities industry and the first it is incorporating TCFD recommendations.Supporting the firm’s sustainability efforts, T. Rowe Price in 2020 became a TCFD supporter and earlier this year joined the SASB Alliance. The firm also hired Gaby Infante last year as the firm’s first director of Corporate ESG. Ms. Infante was previously a corporate ratings analyst at S&P Global, an ESG specialist and advisor for the Inter-American Development Bank, and an international attorney for IDB Invest. She has an M.B.A. with a concentration in sustainability from the Yale School of Management and an LL.M. with a concentration in energy, environment, and natural resources law from the University of California, Berkeley.More information about T. Rowe Price’s ESG investing approach, including the ESG Annual Report, responsible investment guidelines, and proxy voting and engagement policies, is available at troweprice.com/esg.QuotesBill Stromberg, Chief Executive Officer:“The series of overlapping crises of 2020 have brought to the forefront the need to think holistically about sustainability and to show progress in diversity, equity, and inclusion; community engagement; and climate change. This is a complex journey on which we are making progress, and despite the challenges of the past year t...