Capital at risk. Past performance is not a guarantee or a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy.
The listed funds are not an exhaustive list of funds available. Visit www.funds.troweprice.com to see the full range of funds offered by T. Rowe Price, including those that consider environmental and social characteristics as part of their investment process. For up to date information regarding any T. Rowe Price fund's investment strategy, please see the relevant fund KID and prospectus.
Strategy
Investment Objective
The fund uses a global opportunity set to look across all countries, sectors, and industries, while actively excluding non-impact areas of the global economy, to find securities with clear impact and financial return potential. We leverage integrated fundamental research and ESG resources, including ESG bond evaluation models, to systematically and proactively evaluate the quality and long-term sustainability of investment candidates. Finally, our investment process isn’t limited to labelled debt. We look to a broad opportunity set, spanning across the corporate and credit universe to identify the highest impact-aligned issuers.
Investment Approach
- Our dual mandate simultaneously seeks both benchmark outperformance and positive environmental or social impact by investing in durable, growing businesses with measurable impact criteria.
- Each company selected for inclusion in the portfolio has current business activities that are expected to generate a material and measurable positive impact under at least one of the two impact pillars listed:
- Climate and resource impact;
- Social equity and quality of life
- Impact pillars are aligned to the UN Sustainable Development Goals (UNSDGs), a globally recognized framework designed to end poverty, protect the planet, and ensure prosperity.
- The strategy identifies impact investments through: proprietary inclusion and exclusion screening, verifying the investments’ alignment to the UNSDGs, and evaluating the credibility of the ESG-labelled bonds.
- Our investment process is not limited to green bonds as we look to a broad opportunity set spanning across the corporate and credit universe.
- The strategy will also invest in use of proceeds bonds, including social and sustainability bonds where proceeds are dedicated to financing environmental or social projects aligned with our impact pillars.
Past performance is not a reliable indicator of future performance.
Risks
Typical Investor
Investors who plan to invest for the medium to long term.
The fund may appeal to investors who: