State Street Bank and Trust Company
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 26 is lower than 56% 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
In 2021, State Street Bank and Trust Company reported total carbon emissions of approximately 74,752,000 kg CO2e. This figure includes 6,709,000 kg CO2e from Scope 1 emissions, 56,987,000 kg CO2e from Scope 2 emissions, and 11,056,000 kg CO2e from Scope 3 emissions. This represents a significant reduction from 2020, when total emissions were about 111,956,000 kg CO2e, with Scope 1, 2, and 3 emissions at 7,420,000 kg CO2e, 67,049,000 kg CO2e, and 37,488,000 kg CO2e, respectively. The emissions data for 2019 and 2018 were even higher, with total emissions of approximately 175,543,000 kg CO2e and 184,380,000 kg CO2e, respectively. This indicates a positive trend in emissions reduction over the years. Despite these reductions, State Street Bank and Trust Company has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives or SBTi targets. The emissions data is cascaded from the parent organization, State Street Bank and Trust Company, reflecting its current subsidiary status. Overall, while State Street Bank and Trust Company has made strides in reducing its carbon footprint, further commitments and targets would enhance its climate strategy.
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| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Scope 1 | 9,814,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 78,678,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 95,888,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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 Bank and Trust Company is not participating in any of the initiatives that 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.
