State Street’s 2012 Corporate Responsibility Report Highlights ESG Accomplishments and Goals
May 30 2013 - 9:36AM
Business Wire
State Street Corporation (NYSE: STT) today announced the release
of its 2012 corporate responsibility (CR) report, which marks the
tenth consecutive year of Environmental, Social, and Governance
reporting.
“In today’s competitive financial services industry, companies
that create value for their stakeholders are the most likely to
succeed,” said Alison Quirk, executive vice president and chief
human resources and citizenship officer. “Corporate citizenship
reinforces our commitment to our stakeholders and a sustainable
future.”
Highlights for 2012 include:
Environmental Sustainability Accomplishments
- State Street achieved ISO 14001
certification, a global standard for environmental management
systems, for seven of its office buildings, bringing the total
number with this certification to ten
- State Street’s manager initiated
Flexible Work program saved a combined total of 190,000 miles of
driving per week, eliminating 3,485 metric tons (mt) of greenhouse
gas emissions
- Since 2010, State Street has reduced
its carbon footprint by increasing renewable energy purchases by
81%, equaling 199 gigawatt-hours
Philanthropy and Volunteerism Accomplishments
- The International Association for
Volunteer Effort presented State Street with their inaugural Global
Volunteer Program Award, which recognizes a global company with an
exemplary approach to global corporate volunteering
- State Street employees volunteered more
than 87,000 hours to nonprofit organizations and the State Street
Foundation invested $21.3 million globally on workforce
development
Business Accomplishments
- At Number 14, State Street is the only
financial services company on Newsweek’s “Most Transparent
Companies in the US” list
- Forbes named State Street, “America’s
Best Bank” in 2012, reinforcing the ability to influence how the
financial sector approaches CR
- State Street became a signatory to the
United Nations’ Principals for Responsible Investment, which
support considering ESG issues in investment decisions. At year-end
2012, State Street Global Advisors managed $146 billion in assets
incorporating ESG factors, accounting for seven percent of total
assets under management
“We are dedicated to making better decisions that create a
meaningful difference and positively impact our employees and the
communities where we live and work,” added Quirk. “I’m proud of our
progress in 2012 towards making CR truly part of our business.”
The corporate responsibility report can be accessed through
State Street’s Making Life Better portal (statestreet.com/better),
an interactive website that highlights the company’s commitment to
corporate citizenship.
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 $25.4 trillion in assets
under custody and administration and $2.2 trillion in assets under
management at March 31, 2013, State Street operates in more than
100 geographic markets worldwide, including the U.S., Canada,
Europe, the Middle East and Asia. For more information, visit State
Street’s web site at www.statestreet.com.
This AUM includes the assets of the SPDR Gold Trust (approx.
$62.7 billion as of March 31, 2013), for which State Street Global
Markets, LLC, an affiliate of State Street Global Advisors, serves
as the marketing agent.
CORP-0749
State Street CorporationAnne McNally, +1 617 664
8576www.statestreet.com@StateStreet
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