Better Health for All

State Street's core financial services business has no direct positive or negative health impact, and its products do not carry health risks, have addiction potential, or require specific safety or data responsibility considerations. The company does not offer health-related products or services directly. However, State Street has made investments that indirectly support health outcomes, including allocating $156 million to affordable housing projects, creating 15,064 units.

It also uses proceeds from its Sustainability Bond Framework to improve access to healthcare for underserved communities. State Street Global Advisors partners with Ethic Inc. to offer values-aligned investment solutions in healthcare. Additionally, State Street increased its holdings in HealthEquity, Inc., a company managing health savings accounts. The company's 2023 Sustainability Report highlights efforts to reduce its operational footprint, which contributes to environmental sustainability and community well-being.

Fair Money & Economic Opportunity

State Street Corporation primarily provides financial products and services to institutional investors, not individual consumers. Therefore, several KPIs related to consumer lending, deposit services, and associated metrics are not applicable. The company does not offer lending or deposit services to consumers, nor does it have consumer credit products, consumer finance data, or consumer-facing financial service access points to evaluate for metrics like underserved client share, pricing fairness, exploitative fee exposure, data accessibility, fair lending compliance, wealth building outcomes, debt burden ratio, geographic inclusion, or product simplicity. While State Street deposited $100 million with Minority Depository Institutions and Community Development Financial Institutions in 2024, this is a deposit by State Street, not a share of its own loan or insurance book, so the 'inclusion_initiatives' KPI cannot be scored.

Similarly, the State Street Foundation invested $22 million in 2024 and $25.8 million in 2023 in communities for education and workforce readiness, but the 'profit_reinvestment' KPI requires a percentage of annual pre-tax profit, which is not provided. Financial literacy initiatives are mentioned, but specific reach and outcomes as a percentage of customers are not available, preventing a score for 'financial_literacy_initiatives'.

Fair Pay & Worker Respect

In July 2024, State Street announced it would allocate $4.2 million for future pay adjustments due to alleged gender wage discrimination.

This follows a 2024 Pay Equity Review that found less than a 1% pay difference between men and women globally and between BIPOC and white employees in the U.S. for comparable roles, but also revealed more substantial median pay differences overall, prompting strategies for improvement. In 2017, the company agreed to a $5 million settlement for systemic gender and racial pay disparities, affecting over 300 female employees and 15 Black vice presidents. An independent Civil Rights audit completed in May 2023 led to recommendations for improvement, and the company received the Black Equity at Work Bronze Certification in January 2023.

Fair Trade & Ethical Sourcing

State Street allocated 7.2% of its annual U.S. supplier spend to diversity-owned suppliers.

The company's Master Services Agreement mandates that suppliers answer questions related to environmental sustainability, human rights, fair labor practices, and ethical sourcing. State Street implements Third-Party Risk Management and Anti-Bribery and Corruption Screening within its global sourcing process and ensures compliance with the United Kingdom Modern Slavery Act and other regulations prohibiting human trafficking and slavery. As a financial services company, it does not procure physical commodities or high-risk materials relevant to fair-trade certifications or material risk indices.

Honest & Fair Business

State Street incurred a $115 million criminal penalty in May 2021 for conspiring to defraud clients by secretly overcharging for custody expenses.

The company also entered a deferred prosecution agreement in May 2021 over incorrect invoicing practices, which included external compliance monitoring for up to two years.

Kind to Animals

State Street Corporation received zero points in Sinergia Animal's "Banks for Animals" scorecard in 2022

, 2025 , and early May 2025 , indicating a lack of formal policies addressing animal welfare concerns in its investment practices. The company declined to comment on its animal welfare policies when approached by American Banker. As a financial services firm, State Street does not have direct operations involving animal products, testing, husbandry, or agriculture, making most animal-related KPIs not applicable to its direct business model.

No War, No Weapons

State Street Corporation has significant involvement in the defense sector. It manages the SPDR S&P Aerospace & Defense ETF, which has $5.90 billion in assets under management

and is 100% allocated to Aerospace & Defence sub-industries , with top holdings including major defense contractors like Lockheed Martin, Northrop Grumman, and Boeing . The company has also increased its holdings in defense-related firms such as AMMO, Inc. , Arm Holdings (with defense applications) , and Kratos Defense & Security Solutions , and manages financial services for Raytheon Technologies' $54 billion master trust . This indicates 0% divestment from defense-related assets and an active expansion of military business lines. While State Street Global Advisors implements a screening process for client-directed investments, which acts as a form of conflict divestment policy , this policy appears loophole-ridden as it does not prevent State Street's own substantial investments in the broader defense sector. The screening criteria for these client investments include codified ethical red lines banning controversial weapons such as cluster munitions, anti-personnel mines, land mines, biological and chemical weapons, nuclear weapons, depleted uranium, incendiary weapons, and white phosphorus . However, the company's direct and indirect ties to major defense contractors mean it cannot demonstrate verified zero exposure to controversial or banned weapons .

Planet-Friendly Business

State Street Corporation reported a 31% reduction in carbon emissions in 2023

and a 43% reduction in water usage compared to 2019 levels . The company maintains carbon-neutral operations and has set goals for a 46% reduction in CO₂ emissions and a 25% reduction in water usage by 2030 . In 2023, its new global headquarters in Boston and an operations and cyber fusion center in Kilkenny, Ireland, achieved LEED certification . In late 2022, State Street issued its first sustainability bond , allocating $365.8 million to projects supporting the UN Sustainable Development Goals as of September 30, 2023 . State Street Global Advisors engaged in climate risk management through proxy voting, voting against directors at over 130 companies in 2023 for insufficient climate disclosures and supporting 14% of environmental shareholder proposals . The company holds an ESG Risk Rating of 21.4 , categorized as Medium Risk .

Respect for Cultures & Communities

State Street has 12 formal partnership agreements with local community groups or organizations representing specific communities.

These include the Boston Private Industry Council, Boston Women’s Workforce Council, Boston Chamber of Commerce Pacesetter program, Massachusetts Alliance for Early College, National Minority Supplier Development Council, Women's Business Enterprise National Council, National LGBT Chamber of Commerce, National Veteran Owned Business Association, Minority Supplier Development U.K., Management Leaders of Tomorrow, Disability:IN, and Work Without Limits.

Safe & Smart Tech

State Street emphasizes transparency, compliance, and clear controls for responsible AI integration, prioritizing ethical standards to prevent AI bias and privacy invasion.

This includes a focus on safety, consumer protection, and ethical considerations in financial operations. The company also prioritizes compliance with AI regulation and privacy laws, highlighting the need for comprehensive controls to mitigate risks.

Zero Waste & Sustainable Products

State Street Corporation achieved a waste diversion rate of 71% in 2024.

The company had a company-wide goal to increase its waste recycling rate to 80% by 2025, which it achieved in 2021. State Street assesses its environmental footprint quarterly at all locations. The company is pursuing TRUE waste pre-certification at its new headquarters in Boston, MA, and plans to export these processes and programs to other global sites. State Street has implemented over ten waste reduction initiatives, including a printing reduction program, a globally aligned recycling campaign, working with vendors on recycling project management, reusing office furniture, and various recycling streams such as composting, shredding, single stream, paper & cardboard, and universal recycling.