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T Rowe Price Commits to Net Zero 2050 via NZAM Membership

Global asset manager T Rowe Price Group has joined the Net Zero Asset Managers initiative (NZAM). As a member of the initiative, the Baltimore-based firm commits to supporting the goal of net zero GHG emissions by 2050, through adherence to its 10 core principles, including the setting of interim 2030 targets consistent with “a fair share” of the 50% global reduction in CO2. NZAM had 236 signatories with a collective US$57.5 trillion AUM as of December 2021. “A growing number of our clients are setting net zero targets and require products that meet their needs,” said Rob Sharps, CEO and president of T Rowe Price. “Joining the Net Zero Asset Managers initiative enables us to help our clients meet their net zero ambitions in a manner compatible with our fiduciary duty to our clients.”

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