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.
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.
Industry Benchmark
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.
State Street's reported carbon emissions
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 and 50,878,000 kg CO2e from Scope 2 emissions, with significant contributions from Scope 3 emissions, particularly in purchased goods and services (202,271,000 kg CO2e) and employee commute (62,441,000 kg CO2e). Over the years, State Street has demonstrated a commitment to reducing its carbon footprint. In 2022, the total emissions were about 95,725,000 kg CO2e, indicating a reduction in emissions from 2021, which were approximately 74,752,000 kg CO2e. The company has disclosed emissions data across all three scopes (1, 2, and 3) and has been actively monitoring its carbon intensity, achieving a GHG emissions intensity ratio of 1.59 in 2022. Despite these reductions, State Street has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other formal climate pledges. The company continues to focus on transparency in its emissions reporting and aims to enhance its sustainability practices in the financial services sector.
Unlock detailed emissions data
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 |
Industry emissions intensity
Location emissions 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 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.
