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 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.
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| 2018 | 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.
