SSGA launches trio of climate equity funds

Targeting Paris-aligned cuts in carbon emissions

State Street Global Advisors has launches three funds targeting Paris-aligned reductions in carbon emissions, investing across global, US and European equities.

The State Street Climate Equity range allocates capital towards companies benefiting from low-carbon technologies, and those with a strong and comprehensive climate change strategy. Report: Asset managers must explain how sustainability measures benefit stakeholders State Street's Sustainable Climate US, World and European Equity funds will employ a set of "norms based and business involvement" exclusions, as well as five different climate metrics; carbon intensity, embedded fossil fuel reserves emissions, percentage of brown revenue, percentage of green revenue and adaptation score o...