State Street Joins BlackRock in Pushing ESG Forward

Today, State Street CEO Cyrus Taraporevala announced that they would be using their proxy voting power to ensure companies were identifying material ESG issues and incorporating the implications into their long-term strategy. This is a big move, and echoes the plans by BlackRock to embed sustainable investing principals into its core strategy.

We agree that ESG is no longer an optional consideration – they are vital metrics and indicators for the long-term financial sustainability of a company.

Taraporevala said as much during our Bloomberg Investor Breakfast last year. When asked about the future of ESG investing, he stated “my hope is that within the next 5 or 10 years, ESG investing will just be considered investing.”

Watch below: