State Street Corporation, commonly referred to as State Street, is a leading financial services provider headquartered in the United States. Founded in 1792, the company has established itself as a key player in the investment management and servicing industry, with significant operations across North America, Europe, and Asia. Specialising in asset management, investment research, and servicing solutions, State Street offers a unique blend of innovative technology and deep industry expertise. Its core products include investment management services, custodial services, and data analytics, which cater to a diverse clientele, including institutional investors and corporations. With a strong market position, State Street is recognised for its commitment to sustainability and responsible investing, making notable strides in environmental, social, and governance (ESG) practices. The company continues to evolve, leveraging its extensive experience to meet the dynamic needs of the global financial landscape.
How does State Street's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
State Street's score of 55 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, State Street reported total carbon emissions of approximately 58,437,000 kg CO2e. This figure includes 7,559,000 kg CO2e from Scope 1 emissions, 50,878,000 kg CO2e from Scope 2 emissions (location-based), and a significant contribution from Scope 3 emissions, which totalled approximately 202,271,000 kg CO2e, primarily driven by purchased goods and services and employee commuting. Over the past few years, State Street has demonstrated a commitment to reducing its carbon footprint. In 2022, the company recorded total emissions of about 95,725,000 kg CO2e, down from approximately 111,956,000 kg CO2e in 2020. This trend indicates a positive trajectory towards emission reduction, although specific reduction targets or initiatives have not been disclosed. State Street's emissions data reflects a comprehensive approach to sustainability, with disclosures across all three scopes of emissions (1, 2, and 3). The company continues to engage in climate commitments, although no specific reduction targets or climate pledges have been outlined in the available information.
Access structured emissions data, company-specific emission factors, and source documents
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|
Scope 1 | 9,814,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Scope 2 | 78,678,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 |
Scope 3 | 95,888,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
State Street is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.