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T. ROWE PRICE, IFC VENTURE AWARDED ESG INVESTMENT INITIATIVE OF THE YEAR, AMERICAS, BY ENVIRONMENTAL FINANCE

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T. Rowe Price and the International Finance (IFC) have been awarded the 2024 Sustainable Investment Award for ESG Investment Initiative of the Year, Americas by Environmental Finance. This recognition highlights their collaborative effort to enhance access to blue finance projects in emerging markets and improve standards for the blue bond market.

The partnership aims to address the critical underfunding in the blue economy, focusing on ocean conservation, clean water, and sanitation. This initiative is seen as important in tackling the 'polycrisis' of climate change, biodiversity loss, and human health issues.

The award underscores the importance of capital markets, particularly the bond market, in funding these essential areas. It also emphasizes the need for awareness and education in promoting sustainable investing in emerging markets.

T. Rowe Price e International Finance Corporation (IFC) hanno ricevuto il 2024 Sustainable Investment Award per l'Iniziativa ESG dell'anno, Americhe da Environmental Finance. Questo riconoscimento evidenzia il loro sforzo collaborativo per migliorare l'accesso ai progetti di finanza blu nei mercati emergenti e elevare gli standard per il mercato delle obbligazioni blu.

Il partenariato si prefigge di affrontare il grave sottofinanziamento nell'economia blu, concentrandosi su conservazione degli oceani, acqua pulita e sanità. Questa iniziativa viene considerata fondamentale per affrontare la 'policrisi' dei cambiamenti climatici, della perdita di biodiversità e delle questioni relative alla salute umana.

Il premio sottolinea l'importanza dei mercati dei capitali, in particolare il mercato delle obbligazioni, nel finanziare queste aree essenziali. Sottolinea inoltre la necessità di consapevolezza e educazione nella promozione degli investimenti sostenibili nei mercati emergenti.

T. Rowe Price y la Corporación Financiera Internacional (IFC) han sido galardonados con el 2024 Sustainable Investment Award por la Iniciativa de Inversión ESG del Año, Américas por Environmental Finance. Este reconocimiento destaca su esfuerzo colaborativo para mejorar el acceso a proyectos de finanzas azules en los mercados emergentes y mejorar los estándares para el mercado de bonos azules.

La asociación tiene como objetivo abordar la grave falta de financiamiento en la economía azul, centrándose en la conservación de los océanos, agua limpia y sanidad. Esta iniciativa se considera importante para abordar la 'policrisis' del cambio climático, la pérdida de biodiversidad y los problemas de salud humana.

El premio subraya la importancia de los mercados de capitales, particularmente el mercado de bonos, para financiar estas áreas esenciales. También enfatiza la necesidad de conciencia y educación en la promoción de inversiones sostenibles en los mercados emergentes.

T. 로우 프라이스국제 금융 공사 (IFC)2024 지속 가능한 투자 상에서 올해의 ESG 투자 이니셔티브, 아메리카스 부문을 수상했습니다. 이 인정은 그들의 협력적 노력을 강조하며, 신흥 시장의 블루 파이낸스 프로젝트 접근을 향상시키고 블루 본드 시장의 기준을 개선시키기 위한 노력입니다.

이 파트너십은 블루 경제의 중대한 자금 부족 문제를 해결하는 것을 목표로 하며, 바다 보존, 깨끗한 물, 그리고 위생에 중점을 두고 있습니다. 이 이니셔티브는 '폴리크라이시'인 기후 변화, 생물다양성 손실 및 인간 건강 문제를 해결하는 데 중요하다고 여겨집니다.

이 상은 이러한 필수 영역에 자금을 지원하는 데 있어 자본 시장, 특히 채권 시장의 중요성을 강조합니다. 또한 신흥 시장에서 지속 가능한 투자를 촉진하기 위한 인식과 교육의 필요성을 강조합니다.

T. Rowe Price et la Corporation financière internationale (IFC) ont été distingués par le 2024 Sustainable Investment Award pour l'Initiative d'investissement ESG de l'année, Amériques par Environmental Finance. Cette reconnaissance met en avant leur effort collaboratif pour améliorer l'accès aux projets de finance bleue dans les marchés émergents et élever les standards pour le marché des obligations bleues.

Le partenariat vise à lutter contre le financement largement insuffisant de l'économie bleue, en se concentrant sur la conservation des océans, l'eau propre et l'assainissement. Cette initiative est considérée comme essentielle pour faire face à la 'polycrisis' liée au changement climatique, à la perte de biodiversité et aux problèmes de santé humaine.

Le prix souligne l'importance des marchés de capitaux, en particulier du marché obligataire, dans le financement de ces domaines essentiels. Il met également en évidence la nécessité d'une sensibilisation et d'une éducation pour promouvoir l'investissement durable dans les marchés émergents.

T. Rowe Price und die Internationale Finanzierungs-Corporation (IFC) wurden mit dem 2024 Sustainable Investment Award für die ESG-Investment-Initiative des Jahres, Amerikas von Environmental Finance ausgezeichnet. Diese Anerkennung hebt ihr gemeinsames Bemühen hervor, den Zugang zu blauen Finanzierungsprojekten in Schwellenländern zu verbessern und die Standards für den Markt für blaue Anleihen zu erhöhen.

Die Partnerschaft zielt darauf ab, die dringende Unterfinanzierung der blauen Wirtschaft anzugehen, mit Fokus auf Ozeanbewahrung, sauberes Wasser und Sanitärversorgung. Diese Initiative wird als wichtig angesehen, um die 'Polykrise' des Klimawandels, des Verlustes der Biodiversität und der menschlichen Gesundheitsprobleme zu bekämpfen.

Der Preis unterstreicht die Bedeutung der Kapitalmärkte, insbesondere des Anleihenmarktes, bei der Finanzierung dieser wesentlichen Bereiche. Er betont auch die Notwendigkeit von Bewusstsein und Bildung, um nachhaltige Investitionen in Schwellenländern zu fördern.

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Sustainable Investment Award Recognizes T. Rowe Price and International Finance Corporation's Partnership to Grow the Blue Bond Market

BALTIMORE, July 25, 2024 /PRNewswire/ -- The pioneering initiative to improve access to blue finance projects, forged late last year from the partnership between T. Rowe Price, a global investment management firm and leader in retirement, and International Finance Corporation (IFC), a member of the World Bank Group, was announced by Environmental Finance as the 2024 Sustainable Investment Award winner for ESG* Investment Initiative of the year, Americas. The honor recognizes T. Rowe Price and IFC for their joint efforts to increase access to finance for ocean conservation projects in emerging markets and help improve market standards for the nascent blue bond market.

"We are delighted to have been chosen as the winner of the ESG investment initiative of the year, Americas, award," said Tongai Kunorubwe, head of ESG fixed income investing at T. Rowe Price. "Alongside our partners at IFC, we believe that investment in the blue economy is critical in addressing the planetary and societal risks posed by the current chronic underfunding that is evident in the blue economy. Capital markets, in particular the bond market, have a critical role to play in funding clean water and sanitation, alongside investments in healthy oceans and riverine bodies. This is what's needed to help address the polycrisis spanning climate change, biodiversity loss, and human health considerations. Awareness and education represent important first steps, which this award helps create."

"This recognition from Environmental Finance on our partnership with T. Rowe Price is a strong endorsement of IFC's programmatic approach to diversify offerings to private investors by creating new asset classes for sustainable investing in emerging markets," said Laila Nordine, Global Manager for Sustainable Finance, IFC. "The partnership focuses on spurring demand for blue assets as blue finance is key to helping safeguard our access to clean water, protect underwater environments, and invest in a sustainable ocean economy. Dedicated vehicles for blue investment are critical to advance the blue economy in emerging markets and developing economies."

The Sustainable Investment Awards recognize asset managers, analysts, and data providers incorporating ESG across all asset classes globally. The ESG investment initiative of the year, Americas, recognizes asset owners, fund and portfolio management companies that demonstrated a new method or new action to achieve their ESG investment goals.

*Environmental, Social, Governance

ABOUT T. ROWE PRICE
Founded in 1937, T. Rowe Price (NASDAQ: TROW) helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management approach of equity, fixed income, alternatives, and multi-asset investment capabilities.

T. Rowe Price manages US $1.57 trillion in assets under management as of June 30, 2024, and serves millions of clients globally. News and other updates can be found on Facebook, InstagramLinkedInXYouTube, and troweprice.com/newsroom.

ABOUT IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org 

Stay Connected with IFC on social media

T. Rowe Price and IFC are not affiliated companies.

Cision View original content:https://www.prnewswire.com/news-releases/t-rowe-price-ifc-venture-awarded-esg-investment-initiative-of-the-year-americas-by-environmental-finance-302205808.html

SOURCE T. Rowe Price Associates, Inc.

FAQ

What award did T. Rowe Price (TROW) and IFC receive in 2024?

T. Rowe Price (TROW) and IFC received the 2024 Sustainable Investment Award for ESG Investment Initiative of the Year, Americas, from Environmental Finance.

What is the focus of T. Rowe Price (TROW) and IFC's partnership?

The partnership focuses on increasing access to finance for ocean conservation projects in emerging markets and improving market standards for the blue bond market.

How does the T. Rowe Price (TROW) and IFC initiative address environmental issues?

The initiative aims to address the 'polycrisis' of climate change, biodiversity loss, and human health issues by funding clean water, sanitation, and investments in healthy oceans and riverine bodies.

What role do capital markets play in T. Rowe Price (TROW) and IFC's blue finance initiative?

Capital markets, especially the bond market, play a critical role in funding clean water, sanitation, and investments in healthy oceans and riverine bodies as part of the blue finance initiative.

Why is the blue economy important according to T. Rowe Price (TROW) and IFC?

The blue economy is critical in addressing planetary and societal risks posed by chronic underfunding, and investment in this area is essential for sustainable development and environmental protection.

T Rowe Price Group Inc

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