The world’s fourth-largest asset manager, State Street, is putting listed companies on notice to take more action on climate change and ensure more women are promoted to board positions. State Street Global Advisors (SSGA) controls around US$4 trillion in shares across significant companies in the United States, Australia, Canada, Europe, and the United Kingdom, and along with BlackRock and Vanguard, hold around 88 percent of the S&P500. Cyrus Taraporevala, president and CEO of SSGA, said the company would continue using its voting power to push for action on environmental, social, and governance (ESG) initiatives, including climate change. “We have arrived at an important juncture on the journey to net-zero,” he wrote in a proxy letter to shareholders. “While more companies are making net-zero commitments, with over one-fifth of the world’s 2,000 largest public companies having committed to meet a specific target,” he said. “Few have provided a clear roadmap to …