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State Street’s Corporate Responsibility Report Highlights Philanthropy, Volunteerism and ESG Accomplishments in 2014

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State Street Corporation (NYSE:STT) today announced the release of its 2014 Corporate Responsibility (CR) report, which highlights the company’s commitment to economic development, environmental sustainability and social governance and engagement.

“Corporate responsibility is a fundamental part of our values and culture,” said Alison Quirk, executive vice president and chief human resources and citizenship officer. “We believe that the long-term success of our company is directly tied to positively impacting the communities where we live and work.”

Highlights of the 2014 corporate responsibility report include:

Environmental, Social and Governance

  • State Street signed the United Nations Global Compact, a global initiative whose signatories share the conviction that responsible business practices contribute to a more stable, equitable and inclusive global market and help build prosperous societies. By signing the compact, State Street committed to align its business operations and strategy with 10 universally accepted principles in the areas of human rights, labor, the environment and anti-corruption.
  • In December 2014, State Street Global Advisors introduced the first low-carbon ETF product, LOWC. Developed in conjunction with the United Nations Joint Staff Pension Fund, LOWC is a new ETF that seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI ACWI Low Carbon Target Index.
  • At the end of 2014, close to $220 billion in ESG assets were being managed on behalf of clients.

Philanthropy and Volunteerism

  • Since 2010, State Street has focused charitable giving on education and workforce development and has partnered with non-profit organizations that prepare young people and adults from low-income urban neighborhoods for professional jobs.
  • Our State Street Foundation invested $18.8 million in grants to non-profit organizations around the world. A sampling of our investment outcomes in EMEA and North America report permanent job placements for more than 4,000 underserved individuals.
  • State Street matched employee contributions of more than $3 million to more than 2,000 charitable organizations.
  • During the year employees devoted more than 100,000 hours of their time to charitable causes.

Environmental Sustainability

  • State Street adopted an Environmental Sustainability Policy, a Climate Change statement and a set of 20/20 goals that outline targets for 20 percent reductions in greenhouse gas emission and water usage, and zero waste to landfills by January 1, 2020.
  • State Street reduced water consumption per employee by 13 percent reduction, and also achieved a 6 percent reduction in carbon emissions.
  • Two additional facilities attained ISO 14001 certification in 2014, bringing the number of State Street facilities with this designation to 16 out of 19.
  • The new Channel Center building in Boston, with its open work environment, energy-efficient use of natural light and access to green space, has become State Street’s global standard for new and redesigned buildings.

Click here to access the full corporate responsibility report on State Street’s website.

About State Street Corporation

State Street Corporation (NYSE:STT) is one of the world’s leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $28.5 trillion in assets under custody and administration and $2.4 trillion* in assets under management as of March 31, 2015, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s web site at

* Assets under management include the assets of the SPDR(R) Gold ETF (approximately $28 billion as of March 31, 2015), for which State Street Global Markets, LLC, an affiliate of SSgA, serves as the distribution agent.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Prospectus contains a more detailed description of the limited relationship MSCI has with SSGA Funds Management, Inc and any related funds.

“SPDR” is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and has been licensed for use by State Street Corporation. Standard & Poor’s(R), S&P(R), SPDR(R), S&P 500(R), S&P MIDCAP 400(R), and Select Sector SPDRs(R) are registered trademarks of Standard & Poor’s Financial Services LLC. No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by S&P or its affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in such products. Further limitations and important information that could affect investors’ rights are described in the prospectus for the applicable product.

Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.

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