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State Street Corporation, commonly referred to as State Street, is a leading provider of services auxiliary to financial intermediation, headquartered in the United States. Founded in 1792, the company has established a strong presence in major financial hubs, including Boston, London, and Hong Kong.
Specialising in investment servicing, investment management, and research and trading, State Street offers a unique suite of products designed to meet the diverse needs of institutional investors. The firm is renowned for its innovative technology solutions and commitment to operational excellence, positioning it as a trusted partner in the financial services industry.
With a rich history and a focus on sustainability, State Street has achieved significant milestones, including its role as a pioneer in ESG investing. Today, it stands as a formidable player in the global financial landscape, serving clients across various sectors with a dedication to enhancing investment outcomes.
+25 vs industry average
State Street’s score of 62 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
The Services Auxiliary to Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
State Street Corporation, a financial intermediation services provider headquartered in the US, has demonstrated a commitment to reducing its environmental impact. The company's latest reported emissions data for 2026 indicate a Scope 1 total of approximately 107.9 million kg CO2e, Scope 2 at about 23.7 million kg CO2e, and a significant Scope 3 total of approximately 1.22 billion kg CO2e. For 2025, State Street reported total emissions of approximately 34.7 million kg CO2e, comprising Scope 1 of about 8 million kg CO2e, Scope 2 of approximately 0.7 million kg CO2e, and Scope 3 of roughly 26 million kg CO2e.
Looking at historical data, State Street reported Scope 1 emissions of approximately 4.8 million kg CO2e and Scope 2 emissions (location-based) of about 51.7 million kg CO2e for 2024. In the same year, Scope 3 emissions included about 11.2 million kg CO2e for business travel, 44.1 million kg CO2e for employee commute, and 238.5 million kg CO2e for purchased goods and services. For 2023, Scope 1 emissions were around 8.3 million kg CO2e, with Scope 2 (market-based) at approximately 2.1 million kg CO2e and Scope 3 emissions including 11 million kg CO2e for business travel and 72.2 million kg CO2e for employee commute. In 2022, Scope 1 emissions stood at approximately 7.6 million kg CO2e and Scope 2 (market-based) at about 1.7 million kg CO2e, with Scope 3 data not disclosed for that year.
State Street has set ambitious reduction targets, aiming for a 46.2% reduction in Scope 1 and Scope 2 carbon emissions by 2030, using 2019 as the baseline year. This signifies a strategic approach to climate mitigation within its operations.
Access structured emission data, company specific factors and auditable source documents
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
No scope 3 category breakdown has been disclosed yet.
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