State Street Global Advisors
State Street Global Advisors (SSGA), a leading investment management firm headquartered in the United States, has been a pivotal player in the financial services industry since its founding in 1978. With a strong presence in major operational regions including North America, Europe, and Asia-Pacific, SSGA offers a diverse range of investment solutions tailored to meet the needs of institutional investors. Specialising in asset management, SSGA is renowned for its innovative exchange-traded funds (ETFs) and index strategies, which leverage advanced technology and data analytics. The firm’s commitment to responsible investing and sustainability sets it apart in a competitive market. As a subsidiary of State Street Corporation, SSGA has consistently achieved notable milestones, including being one of the largest asset managers globally, with a robust portfolio that underscores its market leadership and expertise.
DitchCarbon Score
How does State Street Global Advisors'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 Global Advisors's score of 25 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 Global Advisors's reported carbon emissions
State Street Global Advisors, headquartered in the US, reported significant carbon emissions in recent years. In 2020, the company emitted approximately 7,420,000 kg CO2e from Scope 1, 67,049,000 kg CO2e from Scope 2, and 37,488,000 kg CO2e from Scope 3 emissions. This marked a reduction from 2019, where emissions were about 8,943,000 kg CO2e (Scope 1), 75,728,000 kg CO2e (Scope 2), and 90,872,000 kg CO2e (Scope 3). In 2018, emissions were approximately 9,814,000 kg CO2e (Scope 1), 78,678,000 kg CO2e (Scope 2), and 95,888,000 kg CO2e (Scope 3). The trend shows a gradual decrease in emissions over the years, particularly in Scope 2 and Scope 3 categories, indicating a commitment to reducing their carbon footprint. As of 2023, no specific emissions data was disclosed, but the company continues to focus on climate-related initiatives. However, there are currently no documented reduction targets or climate pledges available, suggesting that while emissions have been decreasing, formal commitments to future reductions have not been established. Overall, State Street Global Advisors demonstrates a proactive approach to managing carbon emissions, with a notable decline in emissions across all scopes from 2018 to 2020.
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| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Scope 1 | 9,680,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 90,185,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 96,283,000 | 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 Global Advisors 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.
