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State Street CorporationUnited States

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This profile is actively maintained
Last update: 2024-04-16 15:49:22
State Street's head office in Boston. Photo: giggel via Wikimedia Commons (CC BY 3.0)

Active

This profile is actively maintained
Last update: 2024-04-16 15:49:22
Bank info
BankTrack campaigns
All
About
Website http://www.statestreet.com
Headquarters
1 Lincoln Street
Boston
United States
CEO/chair Ronald P. O'Hanley
CEO
Supervisor
Federal Reserve
Ownership
listed on NYSE

State Street Corporation's complete shareholder structure can be accessed here.

State Street Corporation was founded in 1792 and is headquartered in Boston, Massachusetts. State Street provides financial services, including investment servicing, investment management, and investment research and trading. It is one of the largest asset managers in the world with USD 4.1 trillion assets under management as of January 2024. State Street is among the list of 30 global systemically important banks (fsb.org).

Sustainability
Commitments
Policies
Voluntary standards

State Street's most important sustainability commitments can be found at the website sections listed below.

Links

ESG

Impacts

Corporate responsibility policies

Environmental sustainability policy statement

Bank policy
2022-12-21 00:00:00 | State Street

Modern Slavery act statement 2021

Bank policy
2022-07-08 00:00:00 | State Street

Human rights statement

Bank policy
2016-06-28 00:00:00 | State Street

Climate change statement

Bank policy
2015-03-17 00:00:00 | State Street
State Street Corporation has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Global Reporting InitiativeTags: sustainable development | human rights
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
UN Institutional Investors Group on Climate ChangeTags: climate change | United Nations
UNEP Finance InitiativeTags: United Nations | sustainable development
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

State Street Corporation is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of State Street Corporation's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major banks fueling biodiversity collapse by $395 billion since the Paris Agreement; Governments failing to reign in banks

New reports reveal escalating financing to destructive sectors and highlight the urgent need for financial sector regulations to achieve Global Biodiversity Goals
2024-10-16 | San Francisco | BankTrack, Amazon Watch, CED Cameroon, Friends of the Earth US, Milieudefensie, Profundo, Rainforest Action Network, Repórter Brasil, Sahabat Alam Malaysia, TuK Indonesia
Blog
BankTrack news BankTrack blog Partner news Partner blog

Biggest banks finance more carbon pollution than emissions of Italy, Germany, France and UK combined

New report by ReCommon exposes carbon pollution financed by the world’s biggest banks ahead of G7 finance ministers meeting
2024-05-21 | Rome, Italy | ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Major asset managers cave to disingenuous “anti-ESG” attacks, pull out of Climate Action 100+ Initiative

2024-02-15 | New York | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investing in Extinction - How the global financial sector profits from traditional medicine firms using threatened species

2023-10-23 | Environmental Investigation Agency
Blog
BankTrack news BankTrack blog Partner news Partner blog

US banks and climate-related policy: How the sector engages on sustainable finance and real economy climate policies

New report from InfluenceMap
2023-06-29 | InfluenceMap
BankTrack news BankTrack blog Partner news Partner blog

What BlackRock, Vanguard and State Street Are Doing to the Economy

2022-05-12 | The New York Times
BankTrack news BankTrack blog Partner news Partner blog

State Street Corp. agrees to pay $ 115 million in fraud case

2021-05-13 | The Boston Globe
Resources
Documents
Accountability
Grievances

State Street does not operate a complaints or grievances mechanism for individuals or communities that might have been affected by its finance.

Stakeholders may raise complaints via the OECD National Contact Point (OECD Watch).

This page evaluates State Street Corporation's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Banks and Climate

Banks and Climate

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of State Street Corporation’s fossil fuel policy below.

Assessment of State Street Corporation's coal policy in the Coal Policy Tool

Assessment of State Street Corporation's policies in the Oil & Gas Policy Tracker