State Street adds ESG screen to £21bn of assets

State Street Global Advisors is to apply an ESG screen to £20.8bn of its assets under management.

The screen will apply to controversial companies that violate the UN Global Compact principles and include the firm’s UK-domiciled equity and fixed income index funds.

“These new screens reflect the appetite for exclusionary principles from our clients and in the case of pension schemes ultimately their members and underline our ongoing commitment to effective ESG implementation,” said Carlo Funk, EMA head of ESG investment strategy for State Street Global Advisors.