State Street
State Street Corporation, commonly referred to as State Street, is a leading provider of services auxiliary to financial intermediation, headquartered in the United States. Founded in 1792, the company has established a strong presence in major financial hubs, including Boston, London, and Hong Kong.
Specialising in investment servicing, investment management, and research and trading, State Street offers a unique suite of products designed to meet the diverse needs of institutional investors. The firm is renowned for its innovative technology solutions and commitment to operational excellence, positioning it as a trusted partner in the financial services industry.
With a rich history and a focus on sustainability, State Street has achieved significant milestones, including its role as a pioneer in ESG investing. Today, it stands as a formidable player in the global financial landscape, serving clients across various sectors with a dedication to enhancing investment outcomes.
+27 vs industry average
State Street’s score of 63 is higher than 77% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Services Auxiliary to Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2029
Reported emissions
Scope 3 accounts for ••• of total emissions.
State Street's reported carbon emissions
State Street Corporation, a financial intermediation services provider headquartered in the US, has demonstrated a commitment to reducing its environmental impact. The company's latest reported emissions data for 2026 indicate a Scope 1 total of approximately 107.9 million kg CO2e, Scope 2 at about 23.7 million kg CO2e, and a significant Scope 3 total of approximately 1.22 billion kg CO2e. For 2025, State Street reported total emissions of approximately 34.7 million kg CO2e, comprising Scope 1 of about 8 million kg CO2e, Scope 2 of approximately 0.7 million kg CO2e, and Scope 3 of roughly 26 million kg CO2e. Looking at historical data, State Street reported Scope 1 emissions of approximately 4.8 million kg CO2e and Scope 2 emissions (location-based) of about 51.7 million kg CO2e for 2024. In the same year, Scope 3 emissions included about 11.2 million kg CO2e for business travel, 44.1 million kg CO2e for employee commute, and 238.5 million kg CO2e for purchased goods and services. For 2023, Scope 1 emissions were around 8.3 million kg CO2e, with Scope 2 (market-based) at approximately 2.1 million kg CO2e and Scope 3 emissions including 11 million kg CO2e for business travel and 72.2 million kg CO2e for employee commute. In 2022, Scope 1 emissions stood at approximately 7.6 million kg CO2e and Scope 2 (market-based) at about 1.7 million kg CO2e, with Scope 3 data not disclosed for that year. State Street has set ambitious reduction targets, aiming for a 46.2% reduction in Scope 1 and Scope 2 carbon emissions by 2030, using 2019 as the baseline year. This signifies a strategic approach to climate mitigation within its operations.
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State Street’s Climate Goals (2030 & 2050)
4 goals2030
46.2% reduction in Scope 1
Carbon emissions reduction (Goal: 46.2% by 2030) Since our baseline year of 2019
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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State Street
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