ReportAlert.info - State Street Corporation (NYSE:STT) publishes 2012 Corporate Responsibility Report
The report highlights the company's commitment to corporate citizenship
June 11, 2013 /3BL Media/ - “Corporate responsibility is part of how State Street operates every day,” said chairman, president and chief executive officer, Jay Hooley. “CR offers many benefits to companies from efficient processes and lower costs to more engaged employees, more satisfied clients and stronger communities. State Street is proud to make those decisions that benefit not only our business but the communities we operate in globally.”
Highlights for 2012 include:
Environmental Sustainability accomplishments
- State Street achieved ISO 14001 certification, a global standard for environmental management systems, for seven of our office buildings, bringing the total number with this certification to ten
- State Street’s manager initiated Flexible Work program saved a combined total of 190,000 miles of driving per week, eliminating 3,485 metric tons (mt) of greenhouse gas emissions
Philanthropy Accomplishments
- The International Association for Volunteer Effort presented State Street with their inaugural Global Volunteer Program Award
- State Street employees donated more than 87,000 hours of volunteer time to nonprofit organizations
- State Street matched $2.5 million of employee charitable gifts with the Matching Gift Program
Business Accomplishments
- In 2012, State Street was listed on all four of the STOXX Global ESG Leaders indices for the second consecutive year
- At Number 14, State Street is the only financial services company on Newsweek’s “Most Transparent Companies in the US” list
- State Street became a signatory to the United Nations’ Principals for Responsible Investment, which support considering ESG issues in investment decisions.
The corporate responsibility report can be accessed through State Street’s Making Life Better portal (statestreet.com/better), an interactive website that highlights the company’s commitment to corporate citizenship.
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors with $25.4 trillion in assets under custody and administration and $2.2 trillion in assets under management at March 31, 2013.
