Sustainability at State Street
Resiliency in a changing world
Ronald P. O’Hanley
Chairman and Chief Executive Officer
Embracing the integral role we play in advancing the sustainability and resiliency of the global financial ecosystem, we focus on creating and preserving long-term value for our clients, employees, shareholders, communities, and the industry at large. In a fast-changing world, we continue to be guided by our purpose: to help create better outcomes for the world’s investors and the people they serve.
Our report describes State Street’s approach to sustainability matters across our company and our industry, as well as our impact on the communities in which we operate around the world. We are proud to share the progress we have made over the last year.
2023 at a glance
Carbon emissions reduction 1
Total giving by State Street Foundation
Of our board is female
Investment solutions and reporting tools
As long-term stewards of our clients’ assets, we are committed to providing risk management tools that help clients navigate important industry changes and regulatory requirements. Our Sustainability Solutions provide streamlined data and risk management analytics amid the rapidly evolving sustainability measurement landscape.
Sustainable investing strategies
Whether clients are focused on risk management, responding to new regulations, making investments that align with their values, or seeking to enhance long-term performance, our ESG/sustainable investing capabilities can support clients in achieving their sustainability objectives and investment goals.
Related insights
Partnerships and associations
In the spirit of collaboration, learning and understanding, we are proud to partner with the industry’s most prominent sustainability organizations:
• Sustainable Markets Initiative (SMI)
• Investor Leadership Network (ILN)
• Council for Inclusive Capitalism
Our sustainability progress
Civil Rights Audit
We engaged a Washington, DC-based national civil rights law firm, Relman Colfax, to conduct an independent audit focused on our products and services and how our business policies, practices, and products/services have advanced civil rights for protected classes in the US and/or how they might in the future. The audit also included recommended actions and mechanisms for monitoring effectiveness.
Sustainability Bond Report
We have allocated approximately US$47 million in proceeds across our supplier diversity program and a number of diversity, equity and inclusion (DEI) program partnerships.
State Street Foundation
State Street Foundation, the company’s philanthropic arm, is committed to creating more equitable communities by investing in high-impact nonprofit and charitable organizations that work to reduce gaps in educational achievement and employability due to race, ethnicity and socioeconomic status. We have engaged independent consulting partners in EMEA and APAC to help us ensure our global grantmaking reflects our commitment to combatting racism and inequality in other countries where State Street operates.
Awards and recognition
Diversity, equity and inclusion
Our 46,000+ employees come from all over the world with various backgrounds and life experiences. By inspiring, educating, and empowering them at every level, we foster a diverse and inclusive team that reflects the clients, people, and markets we serve.
