STT State Street Corporation

State Street Corporation (NYSE: STT), the world�s leading provider of financial services to institutional investors, today announced the release of its fifth annual 2007 Corporate Social Responsibility (CSR) Report, focusing this year on the theme of environmental and community sustainability throughout the company. As transparency, corporate social responsibility and environmental social and governance investing (ESG) continue to surface as increasingly important issues in the global business community, State Street retained an independent assurance verification firm to verify its 2007 CSR Report. State Street is one of the first US-based financial services firms to undergo independent assurance verification of its annual CSR report. State Street included external feedback into content of the report through a stakeholder team organized by Ceres, a Boston-based environmental advocacy organization. A 15-member group reviewed the report at two stages of the reporting process and provided feedback on presentation, content and materiality. This is the second year State Street has enlisted the Ceres stakeholder team, which is comprised of socially responsible investors, labor specialists, environmentalists, academics and nonprofit leaders. �We are especially proud of the 2007 Corporate Social Responsibility Report,� said George Russell, executive vice president of State Street Corporation. �It demonstrates our commitment to operating with integrity, improving our environmental performance and having a positive impact on our employees and our communities. The report verification process demonstrates that we take CSR seriously and want our performance to be transparent to all our stakeholders.� Highlights of the 2007 CSR Report include State Street�s new Human Rights Statement and expanded environmental reporting. The Human Rights Statement was developed last year by the company�s CSR Working Group, an organization-wide committee that drives State Street�s sustainability (environmental, social and governance) issues and provides policy recommendations. Last year the company launched its environmental management system to its North American offices and expanded tracking in Massachusetts to include energy, electric and water usage, recycled paper and waste. This system is currently launching in State Street�s European offices and is expected to be implemented in the Asia-Pacific region in 2009. About State Street Corporation State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $15 trillion in assets under custody and $2 trillion in assets under management at March 31, 2008, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street�s web site at www.statestreet.com.