Every day, we know the decisions we make have an impact on our environment. Reducing our footprint by using resources responsibly helps us increase efficiency, save money, and attract and retain clients and employees.
That’s why we’re committed to big goals. More than three years ago we set a series of goals to reduce our greenhouse gas emissions and water usage by 20 percent per person and to divert 90 percent of waste sent to landfills by 2020, compared to a 2012 baseline. We were proud to achieve these goals three years ahead of schedule, reducing our carbon impact by 33 percent, water usage by 21 percent and diversion from landfill by 90 percent.
But we know there's more work to do. We‘re taking a long-term view and developing strategies to achieve science-based targets for greenhouse gas emissions. These are targets consistent with limiting global warming to two degrees Celsius, the threshold at which many of the most harmful impacts of climate change can be averted. Our goal is a 30 percent global reduction in GHG emissions by 2025 (measured per square meter).
Rounding out our 2025 goals, we’re also working to reduce our water usage by 10 percent and increasing our recycling rate to 80 percent. Big goals are key to reducing our footprint and we are committed to reaching them.
With our Risk Assessment Management Program (RAMP), we’re expanding our dialogue with worldwide partners so our supply chain has a low risk of environmental impact. We've built environmental and social factors into our vendor selection, including:
- Policies covering equal opportunity, child or forced labor, health and safety, slavery and human trafficking, and human rights
- Supplier and subcontractor audits for social compliance
- Anti-corruption, and gifts and entertainment
- Environmental certification
- Diversity and hiring practices
Our employees want to know what we’re doing as a company to reduce our environmental impact, and they want to know what they can do to help.
Our Environmental Sustainability Employee Network is a resource group made up of passionate employees around the world who are focused on reducing our company’s environmental impact. The network serves as a communication tool for employees to share ideas and activities, and it helps management give and receive information about our corporate sustainability goals and initiatives.
Recently, the ESEN worked with Global Human Resources to transition the company to paperless pay stubs, significantly diminishing State Street’s paper waste. Aligned with this goal of waste reduction, the ESEN also partnered with Global Procurement Services to increase employee knowledge of the financial and environmental benefits of reusable mugs. Within one month of project implementation in December 2017, the network saw a 136 percent increase in employee usage of refillable mugs at State Street cafes in the Boston area. In addition to employee participation, the ESEN also serves as a resource to business units looking to broaden their sustainability efforts. This year, the ESEN facilitated employee engagement and education of Global Realty Services’ increased implementation of onsite solar energy generation, supporting additional electric vehicle charging stations.
All of these efforts will continue to expand internationally as employees seek more ways to positively impact our environment.