By: Citywireselector
Jan 29, 2020
The chief executive of State Street Global Advisors (SSGA) has echoed the strong sentiments offered by BlackRock by vowing to make stronger use of the firm’s proxy voting rights to push the ESG agenda.
In his 2020 outlook letter, Cyrus Taraporevala said the ongoing dialogue the asset manager has with companies will become increasingly important if the company is to become a genuine leader on sustainability issues.
As part of that push, Taraporevala said sustainability is now a key determinant of long-term thinking. ‘This year we will continue our active engagement with boards on sustainability, but also use our proxy vote to press companies that are falling behind and failing to engage.’