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T. Rowe Price Strengthens Commitment to Stewardship Practices with RIAA Membership

Global investment firm T. Rowe Price today announces its joining of the Responsible Investment Association Australasia (RIAA), the largest industry body that champions responsible investing and a sustainable financial system in Australia and New Zealand.

 

“We are delighted to begin our partnership with RIAA to work on important responsible investment issues that are top of mind for our clients,” said Darren Hall, Head of Distribution for Australia and New Zealand of T. Rowe Price. “As part of our firmwide commitment to stewardship practices, T. Rowe Price is actively involved in a number of industry associations and initiatives relating to responsible investment globally. Joining RIAA formalises our engagement with our clients and the local investment community to further promote responsible, ethical and impact investing.”

 

“We are really pleased to welcome T. Rowe Price as a RIAA member, further signaling the firm’s commitment to responsible investment. It’s an important and exciting time with responsible investing at an all-time high, and we look forward to working with T. Rowe Price to further develop the market across Australasia,” said Simon O’Connor, RIAA CEO.

 

T. Rowe Price has been integrating Environmental, Social and Governance (ESG) factors into investment decision making to identify well-managed companies that are leaders in their industries, that are more forward-thinking, better at anticipating and mitigating risk, and focused on the long-term. This is done through the firm’s proprietary research model called the Responsible Investing Indicator Model (“RIIM”) that builds an environmental social and ethical profile of more than 14,000 corporate entities globally including in Australian and New Zealand.

 

“Our investment team believes that, in a post-COVID world, understanding companies’ long-term sustainability has become more important than ever in choosing businesses that can achieve long-term success. This is aligned with RIAA’s approach to promote responsible investing and encourage investors to actively choose responsible savings and investments options,” Hall said. “In keeping with our mission to help clients reach their long-term financial goals, we look forward to being an active participant in RIAA’s working groups and events which help educate the market on ESG topics.”

 

T. Rowe Price currently offers a global range of investment strategies to institutional clients in Australia and New Zealand as well as five Australian Unit Trusts and a Separately Managed Accounts (SMA) to retail and advisor-directed investors in Australia. ESG considerations are incorporated in the investment decision making of these portfolios by leveraging the firm’s proprietary RIIM model.

 

ABOUT T. ROWE PRICE

Founded in 1937, Baltimore-based T. Rowe Price Group, Inc. (troweprice.com) is a global investment management organization with US$1.31 trillion in assets under management1 as of September 30, 2020. The organization provides a broad array of mutual funds, subadvisor services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company also offers sophisticated investment planning and guidance tools. T. Rowe Price’s disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research. For more information, visit troweprice.com.

 

ABOUT THE RESPONSIBLE INVESTMENT ASSOCIATION AUSTRALASIA (RIAA)

The Responsible Investment Association Australasia (RIAA) champions responsible investing and a sustainable financial system in Australia and New Zealand. RIAA is dedicated to ensuring capital is aligned with achieving a healthy society, environment and economy. With over 350 members managing more than AUD$9 trillion in assets globally, RIAA is the largest and most active network of people and organisations engaged in responsible, ethical and impact investing across Australia and New Zealand.

 

MEDIA CONTACT

Phoebe Ho

T. Rowe Price

852-2536-7826

phoebe_ho@troweprice.com

 

Emma Cullen-Ward

OneProfile Communications

61 414 989 137

emma@oneprofile.com.au

 

Important Information

 

This material is being furnished for general informational purposes only. The material does not constitute or undertake to give advice of any nature, including fiduciary investment advice, nor is it intended to serve as the primary basis for an investment decision. Prospective investors are recommended to seek independent legal, financial and tax advice before making any investment decision. T. Rowe Price group of companies including T. Rowe Price Associates, Inc. and/or its affiliates receive revenue from T. Rowe Price investment products and services. Past performance is not a reliable indicator of future performance. Investment involves risks. The value of an investment and any income from it can go down as well as up. Investors may get back less than the amount invested.

 

The material does not constitute a distribution, an offer, an invitation, a personal or general recommendation or solicitation to sell or buy any securities in any jurisdiction or to conduct any particular investment activity. The material has not been reviewed by any regulatory authority in any jurisdiction.

 

Information and opinions presented have been obtained or derived from sources believed to be reliable and current; however, we cannot guarantee the sources' accuracy or completeness. There is no guarantee that any forecasts made will come to pass. The views contained herein are as of the date noted on the material and are subject to change without notice; these views may differ from those of other T. Rowe Price group companies and/or associates. Under no circumstances should the material, in whole or in part, be copied or redistributed without consent from T. Rowe Price.

 

The material is not intended for use by persons in jurisdictions which prohibit or restrict the distribution of the material and in certain countries the material is provided upon specific request.

 

This document has been prepared without taking account of any person’s individual objectives, financial situation or needs. A person should, before making any investment decisions, consider the appropriateness of the information in this document and seek independent professional advice having regard to their objectives, financial situation and needs.

 

Any person should consider the relevant product disclosure statement (“PDS”) in relation to the fund(s) named in this document (if any) before making a decision in relation to the relevant product. Contact Equity Trustees Limited, the responsible entity and T. Rowe Price Australia Limited, the investment manager, for a copy of the PDS.

Provided solely to designated recipient to whom T. Rowe Price delivered.

Australia - Issued in Australia by T. Rowe Price Australia Limited (ABN: 13 620 668 895 and AFSL: 503741), Level 50, Governor Phillip Tower, 1 Farrer Place, Suite 50B, Sydney, NSW 2000, Australia.

 

New Zealand - Issued by T. Rowe Price Australia Limited (ABN: 13 620 668 895 and AFSL: 503741), Level 50, Governor Phillip Tower, 1 Farrer Place, Suite 50B, Sydney, NSW 2000, Australia. No Interests are offered to the public. Accordingly, the Interests may not, directly or indirectly, be offered, sold or delivered in New Zealand, nor may any offering document or advertisement in relation to any offer of the Interests be distributed in New Zealand, other than in circumstances where there is no contravention of the Financial Markets Conduct Act 2013.

 

© 2020 T. Rowe Price. All rights reserved. T. ROWE PRICE, INVEST WITH CONFIDENCE, and the bighorn sheep design are, collectively and/or apart, trademarks or registered trademarks of T. Rowe Price Group, Inc.

 

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