Charitable contributions rose by 15 percent; Carbon dioxide emissions
lessened by 24,500 metric tons
BOSTON--(BUSINESS WIRE)--
State Street Corporation (NYSE: STT) today announced the release of its
full 2011 corporate responsibility report. Published annually since
2004, the report highlights the company’s environmental, social and
governance (ESG) performance over the past year, and its goals for the
future.
“Corporate responsibility is highly valued by our global client base who
recognize its role in helping to drive innovation,” said chairman,
president and chief executive officer, Jay Hooley. “From reduction of
waste, water and carbon emissions to volunteering and charitable giving,
it is integral to our values that we not only continue to minimize our
environmental footprint, but also give back to the communities in which
we and our clients operate.”
Highlights for 2011 include:
Environmental Sustainability accomplishments
-
State Street lessened its carbon dioxide emissions by 24,500 metric
tons through the use of cloud computing.
-
State Street’s energy efficiency initiatives which included installing
more than 2,000 efficient, light-emitting diode (LED) lights in our
Massachusetts offices as well as modifying infrastructure equipment
saved 11.84 million kilowatt-hours of electricity, $1.69 million, and
an estimated 6,788 metric tons of carbon emissions.
-
A manager-initiated flex work program, launched at State Street in
2011, resulted in 1,574 new flex work arrangements. Employees
participating in this environmentally and family-friendly program
self-reported savings of more than 140,000 miles driven per week by
the end of the year.
-
State Street also achieved ISO 14001 certification at its flagship
buildings in Dublin, Edinburgh and London, a global standard that
provides a framework for managing environmental responsibilities.
Philanthropy and Volunteerism Accomplishments
-
State Street’s charitable contributions rose 15 percent to $20.5
million from $17.8 million in 2010.
-
State Street matched $2,170,000 of employee charitable gifts, a seven
percent increase from $2,027,000 in 2010.
-
The total number of employee volunteer hours grew to eight percent,
totaling 85,000 hours and valued at $1.85 million.
-
Launched in fall 2011, State Street’s inaugural Global Giving
Campaign, a six-week company-wide initiative focused on education,
raised $3.5 million in gifts to participating charities worldwide.
Business Accomplishments
- State Street Global Advisors (SSgA), State Street’s investment
management business launched a new High Quality Green Bond strategy
during 2011 that offers investors a way to direct fixed income
investments to climate solutions through a portfolio of green bonds
managed by SSgA.
-
At year-end 2011 SSgA managed $108 billion in assets incorporating ESG
factors.
“We continue to take steps to further align our corporate responsibility
strategy with State Street’s core value to be a global force and local
citizen,” said George Russell, State Street’s director of Corporate
Citizenship and president of the State Street Foundation. “Transparency
and accountability are critical to this objective for which the
publication of our annual Corporate Responsibility report is an
important milestone”
State Street’s report highlights additional corporate responsibility
accomplishments in 2011.
The corporate responsibility report can be accessed through State
Street’s Making Life Better portal (statestreet.com/better),
an interactive website launched in 2011 that highlights the company’s
commitment to corporate citizenship.
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 $22.4 trillion in assets under custody and administration
and $1.9 trillion in assets under management at June 30, 2012. State
Street operates in 29 countries and more than 100 geographic markets.
For more information, visit State Street’s website at www.statestreet.com.
*This AUM includes the assets of the SPDR Gold Trust (approx. $68
billion as of March 31, 2012), for which State Street Global Markets,
LLC, an affiliate of State Street Global Advisors serves as the
marketing agent.
State Street Corporation
Arlene Roberts, + 1 617-664-3933
www.statestreet.com
Source: State Street Corporation