State Street is committed to upholding the highest ethical and professional standards that align with our core values. Our relationships with our suppliers are vital to helping us deliver the highest level of client service, while staying true to our principles.
We consider a number of important factors when selecting to partner with vendors. These include:
- Fair Employment Practices
- Promoting Workforce Welfare
- Ethical Sourcing Practices
- Anti-Corruption Policy
- Environmental Certifications
Through our high-value approach to sourcing, we make sure that we're maximizing our total buying power, resulting in a selection of quality vendors, offering the best total value. Sourcing is used to meet business needs, set strategy by category of sourcing activities, and select vendors through a risk excellence mindset and total cost of ownership.
We seek out suppliers whose values are aligned with ours. Our goal is to identify qualified, diverse suppliers with whom we can build sustainable, mutually-beneficial partnerships. We provide equal opportunities to businesses owned by minorities, women, veterans and the LGBTQ community.
In accordance with our Workplace Diversity goals, we continue to work toward further diversifying our supply chain, increase awareness and support of diverse businesses that provide competitively priced, high-quality goods and services.