Sustainable Investment

Incorporating ESG

How are industry leaders responding to a growing trend?

As part of our continuing evaluation of the emergence of ESG trends in the financial markets, T. Rowe Price has released its 2020 Sustainability Report, pointing to its progress and commitments to communities and associates. Read more here.

Jul 08, 2021 — T. Rowe Price Group (NASDAQ-GS: TROW) has published its 2020 Sustainability Report, A Resolve to Reach Higher, highlighting progress on its sustainability journey, its commitment to increasing transparency and accountability, and plans for developing new environmental targets. The report is designed to provide a well-rounded picture of organizational initiatives related to the firm’s corporate carbon footprint, social and human capital, continued response to the pandemic, and governance framework.

The report is anchored in two frameworks designed to provide a robust set of environmental, social, and governance (ESG) disclosures: The Sustainability Accounting Standards Board (SASB) and the Taskforce on Climate-Related Financial Disclosures (TCFD). This is the second year the firm is following SASB standards for the asset management and custody activities industry and the first it is incorporating TCFD recommendations.

Supporting the firm’s sustainability efforts, T. Rowe Price in 2020 became a TCFD supporter and earlier this year joined the SASB Alliance. The firm also hired Gaby Infante last year as the firm’s first director of Corporate ESG. Ms. Infante was previously a corporate ratings analyst at S&P Global, an ESG specialist and advisor for the Inter-American Development Bank, and an international attorney for IDB Invest. She has an M.B.A. with a concentration in sustainability from the Yale School of Management and an LL.M. with a concentration in energy, environment, and natural resources law from the University of California, Berkeley.

More information about T. Rowe Price’s ESG investing approach, including the ESG Annual Report, responsible investment guidelines, and proxy voting and engagement policies, is available at


Bill Stromberg, Chief Executive Officer:

“The series of overlapping crises of 2020 have brought to the forefront the need to think holistically about sustainability and to show progress in diversity, equity, and inclusion; community engagement; and climate change. This is a complex journey on which we are making progress, and despite the challenges of the past year the resolve of our associates to deliver results responsibly to our clients has never been stronger.”

Gaby Infante, Director of Corporate ESG:

“T. Rowe Price remains committed to our sustainability journey and reporting on our progress in a timely and transparent manner. Utilizing both the SASB and TCFD frameworks provides our clients and stakeholders with decision-useful information and material ESG disclosures and, as an asset manager, is consistent with the recommendation we make to our investee companies for how they can enhance their own ESG disclosures.”

Highlights of the T. Rowe Price Sustainability Report

  • Giving
    $6.9M USD in matching gifts4
    $12.4M USD total given by associates through the workplace
    243 grants given by the T. Rowe Price Foundation
    $11.6M USD total given by the T. Rowe Price Foundation
    $5.5M USD in direct grants
  • Serving
    26,000 hours volunteered by associates globally
    365+ associates serving on nonprofit boards
    460 nonprofits with T. Rowe Price associates serving on their boards
  • Conserving
    49.9% decrease in greenhouse gas emissions per associate from 2010-2019
    70.6% increase in associate population from 2010-20196
    6.6% increase in office space from 2010-2019
    93% decrease in waste from 2010-2019
    76% increase in recycling from 2010-2019
    724% increase in energy recovery from 2010-2019
    42% of our real estate is environmentally certified
    1,012,456 square feet of environmentally certified real estate




About T. Rowe Price
Founded in 1937, Baltimore-based T. Rowe Price ( is a global investment management organization with $1.59 trillion in assets under management as of May 31, 2021. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers a variety of sophisticated investment planning and guidance tools. T. Rowe Price’s disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.