State Street Bank and Trust Company Sustainability Profile
State Street Bank and Trust Company, often referred to simply as State Street, is a leading financial services provider headquartered in the United States. Established in 1792, the bank has a rich history and has evolved into a key player in the investment management and servicing industry, with significant operations across North America, Europe, and Asia. Specialising in asset management, investment servicing, and financial data analytics, State Street offers a unique blend of innovative solutions tailored to institutional investors. Its core products include investment management services, custody, and fund administration, distinguished by a commitment to technology and client-centric strategies. Recognised for its strong market position, State Street consistently ranks among the largest asset managers globally, reflecting its dedication to excellence and a robust portfolio of services that cater to a diverse clientele.
DitchCarbon Score
How does State Street Bank and Trust Company'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 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 Bank and Trust Company's score of 23 is lower than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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State Street Bank and Trust Company's reported carbon emissions
State Street Bank and Trust Company, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. Furthermore, there are no documented reduction targets or climate pledges outlined in their initiatives. As a current subsidiary, State Street Bank and Trust Company may inherit climate commitments and emissions data from its parent organisation, but specific details regarding these cascaded data points are not provided. The absence of concrete emissions data and reduction initiatives suggests that the company may still be in the early stages of formalising its climate strategy. In the broader context of the financial services industry, many institutions are increasingly adopting science-based targets and committing to net-zero emissions. However, without specific commitments or data from State Street Bank and Trust Company, it remains unclear how they align with these industry trends.
How Carbon Intensive is State Street Bank and Trust Company's Industry?
How Carbon Intensive is State Street Bank and Trust Company's Location?
State Street Bank and Trust Company's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
State Street Bank and Trust Company has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
