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, with emissions distributed across various scopes. Specifically, Scope 1 emissions were about 7,559,000 kg CO2e, while Scope 2 emissions totalled approximately 50,878,000 kg CO2e. The company also reported significant Scope 3 emissions, including 110,340,000 kg CO2e from business travel and 62,441,000 kg CO2e from employee commuting. Over the years, State Street has demonstrated a commitment to reducing its carbon footprint. In 2022, total emissions were approximately 95,725,000 kg CO2e, indicating a reduction from previous years, with Scope 1 and 2 emissions combined at about 64,366,000 kg CO2e. The company has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges, but it continues to monitor and report its emissions across all scopes. State Street's emissions data reflects its ongoing efforts to address climate change, although specific reduction initiatives or targets have not been disclosed. The company remains focused on improving its sustainability practices in alignment with industry standards.
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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.
