State Street
State Street Corporation, commonly referred to as State Street, is a leading financial services provider headquartered in Boston, Massachusetts. Established in 1792, the company has evolved into a global powerhouse, with significant operations across North America, Europe, and Asia-Pacific. Specialising in investment management, servicing, and administration, State Street offers a comprehensive suite of services, including asset management, investment research, and risk analytics. Its unique blend of technology and expertise positions it as a trusted partner for institutional investors worldwide. With a strong market presence, State Street is recognised for its commitment to innovation and client service, consistently ranking among the top asset managers globally. The firm’s dedication to sustainability and responsible investing further enhances its reputation in the financial industry.
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 Financial Intermediation Services 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 52 is higher than 94% 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 346,177 tonnes CO2e, with emissions distributed across various scopes: 54,039 tonnes (Scope 1), 42,154 tonnes (Scope 2), and a significant 346,177 tonnes (Scope 3). This represents a notable increase in Scope 3 emissions compared to previous years, highlighting the challenges in managing indirect emissions from sources such as purchased goods and services. Over the years, State Street has made strides in reducing its carbon footprint. For instance, total emissions decreased from about 184,380 tonnes in 2018 to 95,725 tonnes in 2022, demonstrating a commitment to sustainability. The company has set various reduction targets, although specific numerical goals were not detailed in the available data. State Street's emissions intensity ratio has also shown improvement, with a reported ratio of 1.59 in 2022, indicating a more efficient operation relative to its revenue. The company has engaged with initiatives such as the Carbon Disclosure Project (CDP), where it has received scores ranging from B to C in recent years, reflecting its ongoing efforts to enhance transparency and accountability in its climate commitments. Overall, State Street's approach to managing carbon emissions involves a focus on both direct and indirect emissions, with a clear trajectory towards reducing its overall environmental impact.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| 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
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 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.
