We believe our environmental practices have a positive impact on the environment and a direct effect on our ability to attract and retain clients, on our efforts to operate cost-effectively, and on our long-term sustainability. We launched an Environmental Management System (EMS) in 2006, and updated it in 2010, to formally monitor and track our direct impact through energy and water usage, paper consumption and recycling. As part of the EMS, State Street has achieved ISO 14001 certification for key locations in London, Dublin, Edinburgh and its headquarters in Boston. We have a carbon emissions reduction plan in place that includes increasing energy efficiency, purchasing green power and reducing energy usage. State Street’s Environmental Sustainability (ES) program is overseen by the executive-level CR Committee and supported by an ES Working Group and the Office of Environmental Sustainability.