State Street’s Corporate Responsibility Report Highlights Achievements in Energy Efficiency, ESG and Community Investments

  State Street’s Corporate Responsibility Report Highlights Achievements in
  Energy Efficiency, ESG and Community Investments

Business Wire

BOSTON -- May 28, 2014

State Street Corporation (NYSE: STT) today announced the release of its 2013
corporate responsibility (CR) report, which highlights the company’s
environmental, social and governance (ESG) activities.

“We’re continually refining how we can have the most positive impact on our
economy, society and environment through responsible business practices,” said
Alison Quirk, executive vice president and chief human resources and
citizenship officer. “In 2013, we conducted a global scan of sustainability
issues that are most important to our stakeholders and impact our business.
We’ve captured those insights in our 2013 CR report to illustrate how State
Street and its employees are giving back through philanthropy, community
service and a commitment to the environment.”

Highlights from 2013 include:

Business

  *ESG assets under management at State Street Global Advisors reached an
    all-time high of $203.7 billion, accounting for 9% of total assets under
    management as of December 31, 2013
  *Over the past two years, State Street’s investments in renewable energy
    projects have grown to more than $400 million
  *Continuing a three-year upward trend, State Street received AA, nearly the
    highest rating, on the MSCI ESG Research Intangible Value Assessment
    (IVA), which assesses companies’ risks and opportunities arising from ESG
    factors compared to industry peers

Environmental Sustainability

  *State Street achieved a major milestone with four new offices completing
    ISO 14001 certifications, a standard for environmental management systems;
    85% of State Street employees work in buildings with this certification
  *State Street’s enterprise data center became Energy Star Certified; the
    Energy Star program aims to help save US businesses and consumers money
    and promote energy efficiency
  *The number of employees with formal flexible work arrangements grew by
    10%, ultimately saving more than 200,000 driving miles a week and
    significantly reducing State Street’s total carbon footprint

Community Investments

  *The State Street Foundation invested $19.6 million in grants to charitable
    organizations to strengthen 40 communities around the world
  *State Street employees contributed 87,000 volunteer hours and $4.5 million
    dollars to nonprofit organizations
  *Locally in its headquarter location, State Street was able to help 1,870
    underserved youth and 1,255 underserved adults secure job placements

“As a global organization, an acute awareness of corporate responsibility is
imperative to creating economic value for clients and the communities where we
live and work,” Patrick Centanni, executive vice president, realty,
procurement, continuity and chair of State State’s Executive Corporate
Responsibility Committee. “We’re dedicated to ensuring that CR is central to
our business practices.”

State Street’s CR Report adheres to the Global Reporting Initiative’s G4
Reporting Guidelines, an international framework for disclosures of
governance, environmental, social and economic performance. The report was
independently verified against the AA1000 principles of inclusivity.

Click here to learn more about State Street’s commitment to corporate
responsibility and read the report.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers
of financial services to institutional investors including investment
servicing, investment management and investment research and trading. With
$27.5 trillion in assets under custody and administration and $2.4 trillion*
in assets under management as of March 31, 2014, State Street operates in more
than 100 geographic markets worldwide, including the U.S., Canada, Europe, the
Middle East and Asia. For more information, visit State Street’s web site at
www.statestreet.com.

* Assets under management include the assets of the SPDR®® Gold ETF
(approximately $34 billion as of March 31, 2014), for which State Street
Global Markets, LLC, an affiliate of SSgA, serves as the distribution agent.

CORP-1026

Contact:

State Street Corporation
Anne McNally, +1 617-664-8576
aemcnally@statestreet.com
@StateStreet
 
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