BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced it has been named to RobecoSAM’s 2018 “The Sustainability Yearbook” for its strong environmental, social and governance (ESG) performance in the Diversified Financial Services and Capital Markets category. This is the fourth consecutive year that the company has been named to the list. The 2018 Yearbook, which is considered a leading publication for corporate sustainability benchmarking, analyzed companies across 60 industries from 43 different countries to determine this year’s members.
“As a firm that offers ESG investment products, solutions and guidance, corporate responsibility is one of State Street’s top priorities,” said Rick Lacaille, global chief investment officer at State Street Global Advisors and chairman of State Street’s Executive Corporate Responsibility Committee. “Incorporating ESG factors into financial decisions and continuing to be a responsible corporate citizen benefits not only our society at large, but also our employees, clients, and shareholders.”
RobecoSAM, the investment specialist that has focused exclusively on sustainability investing for more than 22 years, has analyzed the corporate sustainability performance of the world’s largest listed companies since 1999. Each year, more than 3,500 of the world’s largest companies are invited to participate in the RobecoSAM Corporate Sustainability Assessment, an evaluation of sustainability practices focusing on economic, environmental and social factors that are relevant to the companies’ success. In order to be listed in the Yearbook, companies must be within the top 15 percent of their industry and must achieve a score within 30 percent of their industry’s top performing company.
“I congratulate State Street Corporation wholeheartedly for being included again in The Sustainability Yearbook 2018,” said Aris Prepoudis, CEO of RobecoSAM. “The companies included in the Yearbook are the world’s most sustainable companies in their industry and are moving the ESG needle in ways that will help us realize the UN’s Sustainable Development Goals by 2030.”
State Street was also recently recognized as one of the most sustainable US companies as part of Barron’s first ever “Top 100 Most Sustainable Companies,” a special report focusing on sustainable practices and policies across the supply chain of the largest publicly held companies by market value, with headquarters in the US. Criteria included accounting policies and board structure; employees, workplace diversity and labor relations; customers, business ethics and product safety; the planet, greenhouse-gas emissions; and community and human rights.
To read State Street’s most recent corporate responsibility report, click here
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 $33.30 trillion in assets under custody and administration and $2.70 trillion* in assets under management as of March 31, 2018, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com.
