News Details

BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors, today announced that IDG's Computerworld, has selected the company as one of the top Green-IT Organizations for 2009. This honor is part of Computerworld's annual Top Green-IT Organizations feature, published in the April 20 issue of Computerworld and online at Computerworld.com.

For the second consecutive year, Computerworld set out to identify organizations that are implementing smart, efficient strategies to achieve "green IT." Organizations were invited to complete a comprehensive questionnaire online in January and February. Ninety-four organizations participated. To view the full survey, visit http://www.computerworld.com/html/research and click on Top Green-IT Organizations.

"We are delighted to be recognized for State Street's approach to managing environmental impact," said Madge Meyer, executive vice president, Global Infrastructure Services at State Street. "IT environmental practices have an immediate effect on energy optimization and cost-effectiveness - as well as a long-term competitive advantage on sustainability. Our program leverages creative ways to minimize the environmental demand of technology. As a result, green thinking is embedded in our culture, technology solutions and standard operating procedures."

State Street's green IT initiatives include:

    --  The "Zero Footprint Maximum Impact" strategy, which reduces the IT
        infrastructure in local offices by relying on regional data centers and
        technology to bring applications to users
    --  Server Virtualization, which is the partitioning of a single server so
        that it appears as multiple servers, has reduced State Street's CO2
        emissions by more than 35.5 million pounds - the equivalent to planting
        80,000 trees
    --  Video and teleconferencing solutions to reduce travel and greenhouse gas
        emissions

"Smart organizations know that there are energy and money savings beyond data center walls, and even beyond the IT department. Green-IT efforts are found up and down the supply chain, from the data center to the desktop, from the mainframe to the end user," said Scot Finnie, editor in chief, Computerworld. "The organizations recognized in our second annual Top Green-IT issue have explored new ways to apply technology to reduce energy consumption and carbon emissions in every part of their operations."

About Computerworld

Computerworld's award-winning Web site (Computerworld.com), weekly publication and focused conference series form the hub of the world's largest global IT media network. In the past five years alone, Computerworld has won more than 100 awards including the Magazine of the Year Award from the American Society of Business Publication Editors (ASBPE) in both 2004 and 2006, and the American Business Media's Neal Award for Best Web Site, Best Blogs and Best Article or Series in 2008. Computerworld leads the industry with an online audience of over 2.5 million unique monthly visitors and a print audience of more than 1 million readers each week (IntelliQuest CIMS, Fall 2008). Computerworld also reaches over 10,000 IT executives every year through its high-touch conferences and custom summits.

About International Data Group (IDG)

International Data Group (IDG) is the world's leading technology media, events and research company. IDG's online network includes more than 450 web sites spanning business technology, consumer technology, digital entertainment and video games worldwide. IDG also publishes more than 300 magazines and newspapers. Media brands are in more than 90 countries and include CIO, CSO, Computerworld, GamePro, InfoWorld/TechWorld/TecChannel, Macworld, Network World and PC World. The company's lead-generation service, IDG Connect, matches technology companies with an audience of engaged, high-quality IT professionals, influencers, and decision makers.

IDG is a leading producer of more than 750 technology-related events including Macworld Conference & Expo, OpenSource World, E3, DEMO, Storage Networking World, and IDC Directions. IDC, a subsidiary of IDG, is the premier global provider of market intelligence, advisory services, and events. Over 1,000 IDC analysts in more than 100 countries provide global, regional and local expertise on technology and industry opportunities and trends. Additional information about IDG, a privately held company, is available at http://www.idg.com.

State Street Corporation

State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $11.3 trillion in assets under custody and $1.4 trillion in assets under management at March 31, 2009, State Street operates in 27 countries and more than 100 geographic markets worldwide. For more information, visit State Street's website at www.statestreet.com.

    Source: State Street Corporation