SOCIAL

Doing More
Together



It started in 2015 with a challenge from our senior management team: Develop a game-changing corporate program that goes beyond charitable contributions and volunteerism to exponentially increase our impact on college and career success for Boston’s youth. To meet this challenge, we launched Boston Workforce Investment Network (Boston WINs).

An initiative of State Street Foundation, Boston WINs galvanizes the individual efforts of five high-performing nonprofits who share our passion for education and workforce development. Together, these organizations are providing students with a strong network of support, whether they plan to attend college or enter the workforce directly.

Studies show that access to higher education and sustainable employment is critical to achieving long-term economic prosperity and vitality in our communities. Through State Street Foundation commitments, we focus our strategic grant making on education and workforce development programs like Boston WINs. Across the company, we’ve channeled significant support to the WINs program, with great results (see graphic below).

 

 

At the end of its third year in operation, the Boston WINs partner organizations had collectively served 29,577 students — a 63 percent increase since the program’s launch. In addition to connecting students with college and career readiness services, WINs has also created a lasting talent pipeline for early career opportunities, with local employers and at State Street in Massachusetts. In total, 589 of the students started working with us and more than 1,200 had signed on for internships here as of August 2018.

Partners in Progress

Our community support comes to life through the work of our more than 40,000 employees worldwide. With our volunteer and matching gift programs, our employees can make a real impact on the causes they care about most by contributing their time, talent and resources. In 2018, employees recorded more than 112,000 volunteer hours.

 

 

Employees also have a voice in how we allocate our corporate charitable dollars. A global network of 38 employee-directed Community Support Committees reviews proposals and approves State Street Foundation commitments. The committees measure each organization’s performance and impact, ensure alignment with our focus on education and workforce development and also work to engage employees in volunteerism.

Hyderabad United Way — STEM Program

In India, as in many parts of the world, women are vastly under-represented in science, technology, engineering and math (STEM) subjects and careers. United Way in Hyderabad partners with non-governmental organizations to improve the quality of STEM education offered to female students in government high schools.

Through a State Street Foundation grant, we’re supporting resources and training for STEM teachers, funding student visits to science and technology centers, and strengthening school monitoring committees. This year, the program will reach approximately 11 schools and 4,500 students.

East London Business Alliance — Parity Project

The East London Business Alliance (ELBA) offers education, community services and access to jobs with higher earnings potential to improve social mobility for people from disadvantaged backgrounds. ELBA works with employers to promote responsible recruitment and increase employee diversity, using the power of commerce to inspire and develop local talent.

Despite improvements in education opportunities, young black men in London have a significantly higher unemployment rate than young men and women in other ethnic groups. Through its partnership with ELBA, the Parity Project seeks to improve economic outcomes for these men through volunteer-driven training and mentoring.

Looking Inward: Building an Inclusive Environment

Our employees add diverse, valuable perspectives and ideas to our business. We’re working to ensure that each of our employees feels engaged and respected, and that they have the resources they need to succeed. Our commitment to inclusion starts with education. In 2018 we updated our Unconscious Bias training with a focus on middle managers, and launched a Respect in the Workplace training for all employees.

Part of fostering an inclusive workplace is making it easy for employees to connect. Our employee resource groups provide opportunities for employees to celebrate the values and cultures that unite them, and learn more about each other. Through 113 network chapters worldwide we create volunteering, career development and cultural opportunities for all employees.

Visit statestreet.com to find out more about our focus on inclusion and diversity, and to read our 2018 CR Report.