BOSTON--(BUSINESS WIRE)--
State Street Corporation (NYSE: STT), one of the world's leading
providers of financial services to institutional investors, today
announced that it has been named one of the top ten green companies by Newsweek
magazine's inaugural "Green Rankings 2009"--a ranking of America's
500 largest publicly-traded companies based on sustainability.
State Street ranked number one among financial services companies and
sixth overall in the "Green Rankings 2009" which assesses
companies' resource use, carbon emissions and its policies and
strategies, along with its reputation among peers.
"We are honored to be recognized for our global commitment to
environmental sustainability and approach to managing environmental
impact," said Jay Hooley, president and chief operating officer of State
Street. "This high ranking reinforces the importance that State Street
has placed on these issues and emphasizes the need to continue to build
on our success."
State Street was cited for doing "more than most" in an industry "slow
to acknowledge its environmental impact" and for integrating climate
change strategies into its business model. State Street first launched
its environmental management system in 2005 and has since rolled it out
to global locations across Asia, Australia, Europe and North America.
The company annually reports its environmental impacts in its CSR report
available at www.statestreet.com/csr.
The Newsweek "Green Rankings 2009" were compiled over a year-long
period in collaboration with research partners specializing in
sustainability factors. For more details on Newsweek's "Green
Rankings 2009" including the methodology, visit http://greenrankings.newsweek.com/top500.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading
providers of financial services to institutional investors including
investment servicing, investment management and investment research and
trading. With $16.4 trillion in assets under custody and administration
and $1.6 trillion in assets under management at June 30, 2009, State
Street operates in 27 countries and more than 100 geographic markets
worldwide. For more information, visit State Street's web site at www.statestreet.com
Source: State Street Corporation
Contact: State Street Corporation
Arlene Roberts, 1 617-664-3933