Exclusive: State Street to mandate TCFD alignment and 30% gender diversity

One of the world’s largest asset managers is narrowing its focus on the climate crisis and gender diversity as it continues to emphasise transition over divestment, while exercising its voting rights to influence change. State Street Global Advisors (SSGA) will expect companies in major indices in the US, Canada, UK, Europe, and Australia to be aligned with the Task Force for Climate-related Financial Disclosure (TCFD) framework, according to its 2022 proxy letter by chief executi…