State Street Moves Forward on Climate Change| Skadden, Arps, Slate, Meagher & Flom LLP

State Street has expressed its belief that “the COVID-19 crisis accelerates the need for transformative change to address climate change” and that it will continue to “encourage companies to disclose how they are addressing both climate risks and opportunities through engagement and voting on shareholder proposals.” In addition, State Street recently became a member of…

State Street to insist companies disclose diversity data | Financial Times

State Street’s $3.1tn investment arm will start voting against directors of big companies that fail to disclose the racial and ethnic make-up of their boards, a move that will increase the mounting pressure on corporations to diversify their leadership.  For this year, the Boston-based asset manager is only calling on companies to report the information….

State Street Tells Companies ESG Moves Are No Longer Optional – Bloomberg

State Street Corp. said three out of four companies haven’t made meaningful progress on environmental, social and governance issues, and the asset manager is putting them on notice. State Street Global Advisors is prepared to take voting action against board members at companies in the major stock-market indexes that have been “consistently underperforming” peers in…

State Street CEO Takes the Long View on Shareholder Activism – WSJ

As CEO of State Street Corp., STT 2.10% Ronald O’Hanley is on the front lines of shareholders’ push to bring change to corporate boardrooms. State Street, STT 2.10% whose money-management arm oversees $2.7 trillion in assets, has amassed significant governance power in recent years as investors shifted more money into the lower-cost, index-tracking funds it…