Gender Pay Gap Report

UK Gender Pay Gap Report

Read our 2024 Gender Pay Gap Report

Read our 2023 Gender Pay Gap Report

Read our 2022 Gender Pay Gap Report

Inclusion and Diversity

We strive to create an environment where our diverse backgrounds and experiences contribute to the success of our employees, as well as the success of the company.

Developing inclusion and diversity goals that cultivate this environment is a learning process and our approach continues to evolve. We focus on:

• Establishing our leaders as champions of inclusion and diversity to convey the importance and business value of a diverse workforce.
• Building a sustainable pipeline of diverse talent for leadership positions.
  
• Implementing a clear standard to hold leaders accountable for creating a diverse workforce and behaving inclusively.

Nurturing inclusivity also requires a strong framework for employees to connect and we do this through our employee affinity groups. Open to all employees, we have 24 networks with more than 110 chapters globally. In the UK these include UK PRIDE & Friends, Professional Women’s Network, Race and Ethnicity network, Families network and NextGen. They promote diversity awareness and education, offer volunteering opportunities, career development and cultural expression.

Everyone, at all levels of the organisation, has a role to play in helping to build and sustain a culture of inclusion and diversity.

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Corporate Citizenship

Active engagement in our local communities is one of our fundamental values. Through volunteering, employee engagement programmes and our grant-making arm, the State Street Foundation, we’ve supported the communities we operate in for more than 40 years.

Our Matching Gifts Program recognizes the charitable contributions made by our employees by monetizing volunteer time (DoMore), matching financial donations (GiveMore) and supporting individual fundraising efforts (CollectMore).

Modern Slavery Act Statement – 2021

Read State Street's Modern Slavery Act Statement for 2021.

UK Money Markets Code of Conduct

State Street’s EMEA securities finance team has signed the Bank of England’s, UK Money Markets Code.

The principles of the Code, which outline the standard and best practice of deposit, repo and securities lending markets, align very closely with our own business. By signing our statement of commitment to the Code, we take an important step toward rebuilding trust and integrity within money markets.

State Street’s signing of the Code is also particularly significant given the firms’ overall influence as a Global Systemically Important Bank.

State Street's statement of commitment is available upon request.

Women in Finance Charter

At State Street, we believe our differences make us stronger, which is why inclusion & diversity remains a key focus of all areas of our business. As a global organisation and leader in financial services, State Street has the opportunity and responsibility to actively promote positive change in the ID space. Fostering an environment that encourages authenticity, empowerment and a sense of belonging among our employees is essential to our success, both internally and to our clients.

As we focus on actively driving progress towards greater social justice within our business, we encourage our clients to do the same. Fearless Girl has been a cultural icon in New York City since 2017 and we are extremely proud of the impact she has made for women in boardrooms and leadership teams across the global business landscape. We are committed to celebrating and championing the work of the next generation of leaders in business and across society.

With a strong commitment to embedding inclusion and diversity into our corporate culture, we’re embracing our colleagues’ unique identities, experiences and perspectives, and fostering an inclusive environment where everyone feels a sense of belonging.

Established and run entirely by our colleagues, our 20+ employee networks with their 100+ chapters across our locations, many of which have won industry awards, help all employees come together around a common goal, share unique perspectives and increase their visibility. Open to all employees, these groups also create networking, mentoring and other professional development opportunities.

At State Street, we are committed to providing equal employment opportunities. Talent decisions are based on skills and experience required for all roles. We consistently apply this approach on all global talent processes including talent acquisition, internal mobility, performance management, career development and advancement, conduct, compensation, benefits and all other components of the employee lifecycle.

For these reasons and more, State Street remains an employer of choice.