State Street Corp
Investment Banking & Investment Services
Company Summary
State Street Corporation is a global financial services provider that has integrated ESG principles into its investment strategies and operations. The company has committed to net-zero emissions by 2050 and is actively involved in green financing and climate-conscious investments. State Street’s ESG rating reflects its positive contributions to sustainable finance and diversity within its workforce. However, the company has faced challenges in aligning all of its investments with broader climate goals, as it continues to hold significant stakes in fossil fuel industries. Additionally, State Street has been criticized for its corporate governance practices, with calls for more diversity at the leadership level. The company’s ESG score reflects both its sustainable finance efforts and the areas where further improvements are needed. For a comprehensive view of State Street’s ESG practices, refer to the latest State Street ESG report.
ESG Rating Overview
Sustainalytics
Overall ESG Rating :
LSEG
Overall ESG Rating :
MSCI
Overall ESG Rating :
State Street is average among 30 companies in the asset management & custody banks industry.
Temperature Rise :
News from State Street Corp
State Street Issues First $500 Million Bond Under SFDR
State Street names a new Global Chief Marketing Officer.
State Street Global Advisors Announces the Launch of Two SPDR® MSCI Climate Paris Aligned ETFs
SPDR® Nuveen Municipal Bond ESG ETF is launched by State Street Global Advisors
DonnaLee DeMaio is elected to the board of directors of State Street
US SPDR® Thematic ESG ETF Changes Announced by State Street Global Advisors
State Street collaborates with Black-Owned Businesses to fund $1.5 billion in senior unsecured debt
FAQ
What is State Street's ESG rating?
State Street’s MSCI ESG rating is "AA," reflecting strong ESG governance and practices.
How does State Street incorporate ESG considerations?
State Street integrates ESG into its investment strategies, leveraging tools like the R-Factor score to measure sustainability in its portfolios.
What are State Street's ESG initiatives?
Their initiatives include Climate Action Pledge commitments and encouraging transparency from portfolio companies on ESG metrics.
