State Street has recently published its 2023 Sustainability Report.

This 2023 Sustainability Report provides information about State Street's approach to managing issues in the broad areas of Governance, Social, and Environmental sustainability and focuses on the topics material to the business, consistent with their ongoing materiality assessment process.

Over the past year, State Street has made progress across a number of areas that contribute to long-term value creation for State Street and its shareholders. As a corporation, State Street continues to focus on the impact of its operational footprint, particularly for its buildings. For example, State Street has a new global headquarters in Boston, and its operations and cyber fusion center in Kilkenny, Ireland, both of which opened last year, surpass industry standards across leading wellness and green building certification programs, including the US Green Building Council’s LEED certification.

The issuance of its first bond under the Sustainability Bond Framework in late 2022 reinforced State Street’s commitment to sustainable development across a variety of areas while also efficiently raising capital.

As of September 30, 2023 (when our first Sustainability Bond Report was published), the company has allocated an amount equivalent to US$365.8 million to sustainability projects that support one or more of the UN’s Sustainable Development Goals and are areas in which State Street can be impactful.

Sustainability and impact necessarily include building capabilities. As a bank, State Street frequently raises capital, relying on its traditional investment banking partners. To aid further capabilities development, promote economic empowerment and foster entrepreneurship, State Street for the last several years has partnered with diverse-owned firms to underwrite its senior debt. State Street’s debt issuances have included various minority-, women- and veteran-owned firms in our syndicates and as lead bookrunners.

State Street is proud of these efforts and has seen strong outcomes, with diverse-owned firms having underwritten nearly 40 percent of the approximately US$10 billion of State Street-issued publicly offered debt from 2021 through 2023.

For more information:

• Download the Report

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