Public Profile

State Street

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.

DitchCarbon Score

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.

49

Industry Average

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.

27

Industry Benchmark

State Street's score of 49 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.

97%

State Street's reported carbon emissions

In 2023, State Street reported total carbon emissions of approximately 346,177,200 kg CO2e, with emissions distributed across various scopes: 54,038,600 kg CO2e from Scope 1, 42,153,500 kg CO2e from Scope 2, and a significant 346,177,200 kg CO2e from Scope 3. This marked an increase in total emissions compared to previous years, reflecting the complexities of managing emissions across their operations and supply chain. In 2022, the company recorded total emissions of about 95,725,000 kg CO2e, with Scope 1 emissions at 6,831,000 kg CO2e, Scope 2 at 57,135,000 kg CO2e, and Scope 3 at 31,759,000 kg CO2e. This indicates a downward trend in total emissions from 2021, where they reported approximately 74,752,000 kg CO2e. State Street has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. However, they continue to monitor and report their emissions across all three scopes, demonstrating a commitment to transparency in their environmental impact. The company’s emissions intensity ratios have shown variability, with a notable ratio of 2.21 in 2018, indicating the need for ongoing efforts to improve efficiency and reduce overall emissions. Overall, while State Street has made strides in emissions reporting, the absence of defined reduction targets suggests an opportunity for further commitment to climate action in the financial services sector.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

Add to project
201820192020202120222023
Scope 1
9,814,000
0,000,000
0,000,000
0,000,000
0,000,000
00,000,000
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

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. State Street's primary industry is Services auxiliary to financial intermediation (67), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. State Street is headquartered in US, which has a rank of low, indicating low grid carbon intensity.

Reduction initiatives & disclosure networks

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 committed to some 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.

SBTi
CDP
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

Other Organizations in Services Auxiliary to Financial Intermediation

Taylor Maritime Investments

GG
Services Auxiliary to Financial Intermediation
Updated 9 days ago
CDP

Daiwa Securities Group

JP
Services Auxiliary to Financial Intermediation
Updated about 13 hours ago

SBFE

US
Services Auxiliary to Financial Intermediation
Updated 4 days ago

Alpha Trust

GR
Services Auxiliary to Financial Intermediation
Updated 4 days ago

Bci

CA
Services Auxiliary to Financial Intermediation
Updated about 14 hours ago

Capvis

CH
Services Auxiliary to Financial Intermediation
Updated 5 days ago

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers