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 23 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
State Street Global Advisors's reported carbon emissions
State Street Global Advisors, headquartered in the US, reported its carbon emissions data for the years 2017 to 2020, with the most recent available data from 2020. In that year, the company emitted approximately 7,420,000 kg CO2e in Scope 1 emissions, 67,049,000 kg CO2e in Scope 2 emissions, and 37,488,000 kg CO2e in Scope 3 emissions. This reflects a significant reduction in emissions compared to previous years, particularly in Scope 1 and Scope 2, where emissions decreased from 9,684,000 kg CO2e and 90,185,000 kg CO2e in 2017, respectively. The trend shows a consistent decline in total emissions across all scopes from 2017 to 2020, indicating a commitment to reducing their carbon footprint. However, as of 2023, no specific emissions data has been disclosed, and the company has not set any formal reduction targets or climate pledges. State Street Global Advisors continues to monitor its carbon intensity, with a weighted average carbon intensity for Scope 3 emissions reported at approximately 0.0007062 kg CO2e per USD of revenue. This metric highlights the company's ongoing efforts to assess and manage its climate impact, although further details on specific reduction initiatives or commitments remain unspecified.
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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 committed to any 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.
