State Street’s Annual Corporate Responsibility Report Highlights Increased Employee Volunteerism and Reduced Carbon Footprint

State Street Corporation (NYSE: STT), today released its 2010 Corporate Responsibility report. Published annually since 2004, the report highlights the Company’s environmental, social and governance performance (ESG) over the past year and goals for 2011 and beyond. Key milestones include the following:

Employee volunteer service hours rose 8 percent overall and 4 percent per person to 78,000 hours or 2.7 hours per person. The State Street Foundation’s match of employee gifts also rose 25 percent to $2 million and the number of employee gifts matched climbed 33 percent to 4,800.
From 2009 to 2010, total direct CO2 emissions from State Street’s global operations declined 798 metric tons, or 12 percent overall and 6 percent per person. The company has set a goal of reducing its carbon footprint by another 10 percent by 2013. State Street also increased its use of renewable energy by nearly 75 percent.
State Street Global Advisors (SSgA), State Street’s investment management business, achieved record growth within its ESG investment strategies. With $119 billion in total assets at March 31, 2011, SSgA’s ESG assets increased by 39 percent from the firm’s year-end 2010 ESG asset levels.
[In 2010], State Street encouraged environmentally friendly commuting with 520 flexible work arrangements, resulting in a reduction in employee travel by a combined total of more than 34,000 miles per week

Other business, environment, philanthropy and volunteerism highlights include:

Business

For its clients in 2010 State Street introduced a new ESG reporting service that enables institutional investors to be better informed on ESG issues and better placed to assess any potential ESG risks and opportunities, key factors in investment decisions today .

Environment

Renewable energy purchased increased 73 percent in 2010 to 110 gigawatt hours.
Oil consumption decreased 31,000 gallons or 49 percent overall and 56 percent per person.
Gas consumption declined 91,000 therms, or 9 percent overall and 15 percent per person.
Total waste dropped 496 tons, or 24 percent overall, and 38 percent, or 100 pounds, per person.
Furthering its commitment to environmental sustainability, State Street’s new offices in Hangzhou, China are on track to achieve gold level certification in Leadership in Energy and Environmental Design (LEED) and its offices in Sydney, Australia achieved a five-star rating from the Green Building Council of Australia’s Green Star system as well as a 4.5 rating from the National Australian Built Environment Rating System (NABERS).

Philanthropy and Volunteerism

Overall charitable contributions rose 13 percent to $17.8 million in 2010 from $15.8 million in 2009.
The State Street Foundation, the company’s charitable grantmaking arm, recently updated its social investment philosophy and grantmaking guidelines. The Foundation will deploy new evaluation tools in 2011 to measure the effectiveness of its grantmaking on advancing its new mission – to support education and workforce development opportunities for disadvantaged populations where it operates.

Other Achievements

State Street achieved a major CR milestone with its first-ever ISO14001 certification for its operations in Edinburgh and London. ISO14001 is an internationally recognized management tool for environmental impact identification and performance improvement.
State Street’s efforts have earned the company inclusion in leading sustainability rankings and indices in 2010 such as the Dow Jones Sustainability Index and the No. 2 financial services company on Newsweek’s Green Rankings and No. 35 overall out of 500 publicly traded companies.

“Throughout the past year, we have taken several important steps to further ensure corporate responsibility’s role as an important part of our business strategy and DNA,” said Jay Hooley, chairman, president and chief executive officer at State Street. “Collectively, these efforts create value for our clients, shareholders, and the communities where we live and work.”

State Street’s CR report adheres to Global Reporting Initiative (GRI) principles and criteria, a comprehensive set of guidelines that helps the company report on issues material to both the company and its stakeholders and makes reporting more transparent. The company engages Det Norske Veritas (DNV), an independent foundation headquartered in Oslo, Norway, to assure and verify the information contained in the report and on its GRI application.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $22.6 trillion in assets under custody and administration and $2.1 trillion* in assets under management at March 31, 2011, 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.

*This AUM includes the assets of the SPDR Gold Trust (approx. $56 billion as of March 31, 2011), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors serves as the marketing agent.

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