State Street’s Corporate Responsibility Report Highlights Commitments to Strengthening Local Communities, Protecting the En...
May 17 2016 - 11:45AM
Business Wire
State Street Corporation (NYSE: STT) today announced the release
of its 2015 Corporate Responsibility (CR) report, which highlights
the company’s commitment to corporate citizenship, the environment,
social governance and responsible investing.
“At State Street, corporate responsibility is firmly ingrained
in our culture and critical to our success,” said Jay Hooley,
chairman and chief executive officer of State Street. “Being a
responsible corporate citizen and making a positive impact on a
global scale is a top priority for us and our key stakeholders —
our employees, our clients, our shareholders and society at
large.”
Highlights of the 2015 CR report include:
Community Support
- State Street provided $22.7 million to
nonprofit organizations around the world in 2015, including
matching employee contributions of $4.15 million to 2,222
charitable organizations.
- Approximately 7,200 employees
participated in company-sponsored volunteer activities during the
year, devoting a record 116,000 hours of their time charitable
causes, up 9% from 2014.
- State Street’s launch of the Boston
Workforce Investment Network, or Boston WINs, a four-year program
to boost education and job readiness for urban youth in Boston. In
an innovative approach to corporate philanthropy, the State Street
Foundation pledged to donate $20 million to five nonprofit
organizations over four years to work together to advance education
and job readiness. State Street will hire 1,000 of these
youth.
Protecting Our Environment
- State Street made substantial progress
toward the goal of reducing greenhouse gas (GHG) emissions and
water use by 20% per person by 2020, compared to a 2012 baseline.
At the end of 2015, State Street had achieved a 17% reduction in
both categories, while also closing in on the goal of drastically
reducing waste sent to landfills.
- 56% of global State Street office space
is now certified to ISO 14001 standards.
- State Street invested in a wind power
project near its new office in Gdansk, Poland, which helped offset
26,000 metric tons of carbon impact, an amount equivalent to the
company’s 2014 business travel emissions.
- State Street also acquired 202 million
kilowatt-hours of renewable energy certificates (RECs),
representing 100% of the electricity State Street purchased in the
US in 2014.
Investing with Impact
- At the end of 2015, State Street Global
Advisors (SSGA), State Street’s asset management business, launched
a fossil fuel-free exchange traded fund based on the S&P 500
Fossil Fuel Free Index. This brings the total number of SSGA’s
environmental, social and governance (ESG) products to 17.*
- In 2014, SSGA introduced new ESG
portfolio screening tools to help actively identify companies for
engagements and enhance oversight of ESG risk at portfolio
companies. In 2015, SSGA engaged a total of 636 global companies
representing more than 45% of total assets on ESG issues.
“We believe that State Street’s long-term success is driven by
our ability to create positive change in the communities in which
we live and work,” said Alison Quirk, chief human resources and
citizenship officer for State Street. “Corporate responsibility has
been and will continue to be a fundamental part of our values and
culture at State Street.”
Click here to access the full CR report on State Street’s
website.
*Distributed by State Street Global Markets, Member FINRA
SIPC
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 $27 trillion in assets under
custody and administration and $2 trillion* in assets under
management as of March 31, 2016, 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 website at www.statestreet.com
* Assets under management include approximately $33 billion as
of March 31, 2016, 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 whole or any part of this work may not be reproduced, copied
or transmitted or any of its contents disclosed to third parties
without State Street express written consent.
State Street Corporation One Lincoln Street, Boston, MA
02111-2900.
© 2016 State Street Corporation - All Rights Reserved
CORP-1963 l Exp. Date - 05/31/2017
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State Street CorporationBrendan Paul,
+1-617-662-2903Bpaul2@statestreet.com@StateStreet
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