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Summary

The Company highlights commitment to economic development, environmental sustainability and social governance.

Report Highlights

“Corporate responsibility is a fundamental part of our values and culture,” said Alison Quirk, executive vice president and chief human resources and citizenship officer. “We believe that the long-term success of our company is directly tied to positively impacting the communities where we live and work.”

Highlights of the 2014 corporate responsibility report include:

Environmental, Social and Governance

• State Street signed the United Nations Global Compact, a global initiative whose signatories share the conviction that responsible business practices contribute to a more stable, equitable and inclusive global market and help build prosperous societies. By signing the compact, State Street committed to align its business operations and strategy with 10 universally accepted principles in the areas of human rights, labor, the environment and anti-corruption.
• In December 2014, State Street Global Advisors introduced the first low-carbon ETF product, LOWC. Developed in conjunction with the United Nations Joint Staff Pension Fund, LOWC is a new ETF that seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI ACWI Low Carbon Target Index.
• At the end of 2014, close to $220 billion in ESG assets were being managed on behalf of clients.

Philanthropy and Volunteerism

• Our State Street Foundation invested $18.8 million in grants to non-profit organizations focused on education and workforce development around the world. A sampling of our investment outcomes in EMEA and North America report permanent job placements for more than 4,000 underserved individuals.
• State Street matched employee contributions of more than $3 million to more than 2,000 charitable organizations.
• During the year employees devoted more than 100,000 hours of their time to charitable causes.

Environmental Sustainability

• State Street adopted an Environmental Sustainability Policy, a Climate Change statement and a set of 20/20 goals that outline targets for 20 percent reductions in greenhouse gas emission and water usage, and zero waste to landfills by January 1, 2020.
• Two additional facilities attained ISO 14001 certification in 2014, bringing the number of State Street facilities with this designation to 16 out of 19.

Click here to access the full corporate responsibility report on State Street’s website.

About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $28.5 trillion in assets under custody and administration and $2.4 trillion in assets under management as of March 31, 2015, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s web site at www.statestreet.com.
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