Corporate responsibility (CR) is a long-term commitment to our clients, employees, shareholders and communities. It’s a commitment to creating an environment where employees are valued and engaged. It’s investing with impact, protecting environment and connecting with communities. Most importantly, CR is at the foundation of our corporate strategy.
Our status as a global systemically important bank, the nature of our business operations, and our role as an investor create a complex array of impacts. To gauge how we can be most effective we conduct a biannual materiality assessment.
Through the materiality assessment and analysis, we identify ESG topics, which are shared with our Board of Directors, and they inform our ESG strategy, approach, reporting.
State Street’s approach to ESG aligned to 4 primary areas: Clients, Environment, Social, and Governance and we measure and manage eight ESG material issues: climate change; employee experience; diversity, equity, and inclusion; board governance and ESG management; risk, ethics, and compliance; operational and cyber resilience; data privacy; and ESG integration.
State Street Foundation makes grants to nonprofits and non-governmental organizations, with a focus on creating lasting economic benefits in the communities where we live and work.
State Street Volunteers encourages employees to strengthen their communities. We offer employees four paid volunteer days every year and provide guidance on how to engage with our communities.