State Street Named to Dow Jones Sustainability Index for Third Consecutive Year
October 08 2008 - 3:46PM
Business Wire
State Street Corporation, the world�s leading provider of financial
services to institutional investors, today announced that it has
received several honors recognizing the company�s commitment to
corporate social responsibility and citizenship. For the third
consecutive year, State Street qualified for both the World and
North America Dow Jones Sustainability Indexes (DJSI). State Street
was also recognized by the Boston Business Journal as the area�s
top charitable contributor for the third year in a row and received
an award for its partnership with Boston-based nonprofit Year Up.
Launched in 1999, the DJSI track the financial performance of the
leading sustainability-driven companies worldwide and provide asset
managers with reliable, objective benchmarks to manage
sustainability portfolios. The annual review of the DJSI is based
on an assessment of corporate economic, environmental and social
performance. State Street received a high assessment for its
corporate governance and risk management practices, environmental
reporting, and corporate citizenship initiatives, among others.
State Street is one of only three financial services firms based in
the US currently listed on both indexes this year. The Boston
Business Journal�s Corporate Philanthropy Award is presented
annually to the largest corporate charitable contributor in
Massachusetts. In 2007, State Street contributed $33 million to
nonprofit organizations in its headquarters state, including its
own foundation. State Street was also the recipient of the
Education Partner of the Year Award for its multi-year partnership
with Year Up, an intensive training program that provides urban
young adults with technical and professional skills. The
organization�s partnership with State Street has resulted in
entry-level job opportunities for Year Up apprentices, funding from
the State Street Foundation and mentoring opportunities. The Boston
Business Journal presented State Street with these awards at its
third annual Corporate Citizenship and Philanthropy Summit. �Our
inclusion on the Dow Jones Sustainability Indexes and receipt of
the Boston Business Journal�s awards are testaments to State
Street�s continued commitment to being a responsible corporation,�
said George Russell, executive vice president and head of Community
Affairs at State Street. �We are honored to be recognized along
with local, national and global leaders in the areas of
sustainability and corporate citizenship.� 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
$15.3 trillion in assets under custody and $1.9 trillion in assets
under management at June 30, 2008, State Street operates in 26
countries and more than 100 geographic markets worldwide. For more
information, visit State Street�s website at www.statestreet.com.
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