State Street Recognized as Top Community-Minded Company in the Nation by Points of Light
June 30 2016 - 2:46PM
Business Wire
State Street Corporation (NYSE: STT) announced today that it was
recognized as one of the most community-minded companies in the
nation as a part of the Civic 50, a Points of Light initiative that
sets the standard for corporate civic engagement and creates a
roadmap for companies seeking to best use their time, talent, and
resources to improve the quality of life in the communities where
they do business. Civic 50 winners were announced this week at
Points of Light’s Conference on Volunteering and Service in
Detroit, Michigan, where leaders in volunteerism and civic
engagement gathered to discuss how social innovation, cross-sector
collaboration and citizen engagement can drive change.1
“We are honored to receive this accolade from Points of Light,”
said Mike Scannell, senior vice president of Corporate Citizenship
and head of the State Street Foundation. “Last year we launched the
Boston Workforce Investment Network, or Boston WINs, a $20 million
initiative to accelerate our impact on education and workforce
development by bringing all of our resources to bear, including our
employees’ time and talent. The Civic 50 honor reflects the
incredible year-round participation of our employees in Boston WINs
and other programs via our global employee giving program, through
which employees dedicated more than 116,000 hours in volunteer time
to support community organizations last year alone.”
The Civic 50 survey was developed in partnership with a
high-profile working group of researchers and industry thought
leaders. Dozens of corporate advisors provided strategic guidance
on the program’s objectives, including defining indicators,
developing methodology, and identifying partners and participants.
As a result of this collaborative process, the initiative reflects
leading insight and thinking about how corporations can and should
connect with communities in a twenty-first century economy.
“Since 2012, we have seen a notable shift in the results from
the survey in a direction that speaks to the commitment of American
companies to connect values of community service and civic
engagement to the culture and operating practices of their
business,” said Jennifer Lawson, executive director of the
Corporate Institute at Points of Light.
This year’s Civic 50 applicants were evaluated and accrued
points based on several criteria, including the quantity and impact
of financial and human resources applied to civic improvement,
whether internal and external resources are activated to maximize
community impact, how a company’s community engagement activities
support its business interests, how broadly community engagement is
supported and institutionalized within a company’s policies,
systems and incentives, and how a company measures the social and
business value of its community engagement programs.
The survey was administered by True Impact, a company
specializing in helping organizations maximize and measure their
social and business value. The survey instrument consists of
quantitative and multiple-choice questions that inform the Civic 50
scoring process. The Civic 50 is the only survey and ranking system
that exclusively measures corporate involvement in communities.
To learn more about the Civic 50, to see a full list of the
winners and to access the full report, “The 2016 Civic 50: Turning
Good Intentions into Sound Business Practices, which presents the
highlights, trends, benchmarking data and best practices from the
2016 Civic 50,” please visit www.Civic50.org.
1. State Street was named as one of 50 top community-minded
companies in America in 2016.
About State StreetState 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 were $2 trillion as of March 31, 2016.
AUM reflects approx. $32.6 billion (as of March 31, 2016) with
respect to which State Street Global Markets, LLC (SSGM) serves as
marketing agent; SSGM and State Street Global Advisors are
affiliated.
State Street Corporation, One Lincoln Street, Boston, MA
02111-2900© 2016 State Street Corporation - All Rights
ReservedExpiration Date : 06/30/2017
CORP-2076
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State Street CorporationJulie Kane, +1
617-664-3001jekane@statestreet.com@StateStreet
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