State Street’s Corporate Responsibility Report Highlights Commitments to Strengthening Local Communities, Protecting the Environment and Promoting Responsible Investing

State Street Corporation (NYSE: STT) today announced the release of its 2015 Corporate Responsibility (CR) report, which highlights the company’s commitment to corporate citizenship, the environment, social governance and responsible investing.

“At State Street, corporate responsibility is firmly ingrained in our culture and critical to our success,” said Jay Hooley, chairman and chief executive officer of State Street. “Being a responsible corporate citizen and making a positive impact on a global scale is a top priority for us and our key stakeholders — our employees, our clients, our shareholders and society at large.”

Highlights of the 2015 CR report include:

Community Support

• State Street provided $22.7 million to nonprofit organizations around the world in 2015, including matching employee contributions of $4.15 million to 2,222 charitable organizations.
• Approximately 7,200 employees participated in company-sponsored volunteer activities during the year, devoting a record 116,000 hours of their time charitable causes, up 9% from 2014.
• State Street’s launch of the Boston Workforce Investment Network, or Boston WINs, a four-year program to boost education and job readiness for urban youth in Boston. In an innovative approach to corporate philanthropy, the State Street Foundation pledged to donate $20 million to five nonprofit organizations over four years to work together to advance education and job readiness. State Street will hire 1,000 of these youth.

Protecting Our Environment

• State Street made substantial progress toward the goal of reducing greenhouse gas (GHG) emissions and water use by 20% per person by 2020, compared to a 2012 baseline. At the end of 2015, State Street had achieved a 17% reduction in both categories, while also closing in on the goal of drastically reducing waste sent to landfills.
• 56% of global State Street office space is now certified to ISO 14001 standards.
• State Street invested in a wind power project near its new office in Gdansk, Poland, which helped offset 26,000 metric tons of carbon impact, an amount equivalent to the company’s 2014 business travel emissions.
• State Street also acquired 202 million kilowatt-hours of renewable energy certificates (RECs), representing 100% of the electricity State Street purchased in the US in 2014.

Investing with Impact

• At the end of 2015, State Street Global Advisors (SSGA), State Street’s asset management business, launched a fossil fuel-free exchange traded fund based on the S&P 500 Fossil Fuel Free Index. This brings the total number of SSGA’s environmental, social and governance (ESG) products to 17.*
• In 2014, SSGA introduced new ESG portfolio screening tools to help actively identify companies for engagements and enhance oversight of ESG risk at portfolio companies. In 2015, SSGA engaged a total of 636 global companies representing more than 45% of total assets on ESG issues.

“We believe that State Street’s long-term success is driven by our ability to create positive change in the communities in which we live and work,” said Alison Quirk, chief human resources and citizenship officer for State Street. “Corporate responsibility has been and will continue to be a fundamental part of our values and culture at State Street.”

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

*Distributed by State Street Global Markets, Member FINRA SIPC

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 $27 trillion in assets under custody and administration and $2 trillion* in assets under management as of March 31, 2016, 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 website at www.statestreet.com

* Assets under management include approximately $33 billion as of March 31, 2016, for which State Street Global Markets, LLC, an affiliate of SSGA, serves as the distribution agent.

ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without State Street express written consent.

State Street Corporation One Lincoln Street, Boston, MA 02111-2900.

© 2016 State Street Corporation - All Rights Reserved

CORP-1963 l Exp. Date - 05/31/2017

View source version on businesswire.com: http://www.businesswire.com/news/home/20160517006288/en/