Our diverse supplier base is an integral part of our strategic sourcing and procurement processes.
Who We Are
At State Street, we recognize the value of a diverse supplier base and are focused on working with qualified organizations whose values align with ours. We believe that when there is equal opportunity for participation, the benefits of diverse perspectives are mutual and long-lasting. By actively promoting partnerships across a wide range of purchasing categories, we demonstrate our commitment to creating better outcomes for our clients, employees, investors and the communities we serve.
Our supplier diversity program fosters opportunities for businesses to certify their ownership and help expand supplier diversity through the following ownership categories: minority business enterprises (MBEs), women business enterprises (WBEs), veteran business enterprises (VBEs), disabled-owned business enterprises (DBEs) and LGBT-owned business enterprises (LGBTBEs).
Who We Work With
We are working to expand our use of diverse suppliers and encourage large suppliers to develop and expand their own diversity programs. We work with multiple supplier diversity organizations through memberships, financial contributions, participation in conferences and workshops, and outreach.
Our partner firms include:
- The Greater New England Minority Supplier Development Council (GNEMSDC)
- Center for Women and Enterprise (CWE, a WBENC affiliate)
- Pacesetters Cohort (Greater Boston Chamber of Commerce)
- Massachusetts LGBT Chamber of Commerce
- Minority Supplier Development UK (MSDUK)
- State Street is also the presenting sponsor of the Massachusetts Conference for Women
We continually look for new and more effective approaches to fulfill our diversity and inclusion mission, and are dedicated to improving our diverse culture and inclusion through a focused framework with careful attention to regulatory guidance.
How We Can Work Together
Building a diverse supplier base starts with you, along with committed support from us. If you are a certified diverse supplier, we encourage you to submit an inquiry to SupplierDiversity@StateStreet.com. Please include a capability statement outlining your services along with information about your business. One of our team members will review and respond prior to registration.
Not ready to do business directly with a company the size of State Street? That’s ok, we want to hear from you, too. Our Tier 2 spend program keeps options open for subcontracting referrals to primary suppliers who seek to boost their own diversity spend.
Be sure to reference the Resources linked on this page for more guidance.