Business & Finance
Business and Finance
Business and Finance
Sun, March 13, 2011
Sat, March 12, 2011
Fri, March 11, 2011 State Street Named to Corporate Responsibility Magazinea?s 100 Best Corporate Citizens List For Fifth Consecutive Year
BOSTON--([ BUSINESS WIRE ])--State Street Corporation (NYSE: STT), one of the worlda™s leading providers of financial services to institutional investors, today announced that it has been named to Corporate Responsibility (CR) magazinea™s list of the a100 Best Corporate Citizensa for the fifth consecutive year. State Street, one of three financial companies to be named in the annual list, is ranked No. 65, up from No. 91 in 2010. State Street was selected by CR Magazine for its strong corporate governance practices and ongoing commitment to maintaining the companya™s reputation for quality, integrity and high ethical standards. State Street was also recognized for its continued efforts to reduce its impact on the environment through the companya™s environmental management system, which includes established goals for increasing recycled paper initiatives, reducing fossil fuels burned and greenhouse gas emissions.
"I am proud of our ongoing commitment to making a positive impact in a number of areas in order to better support our shareholders, clients, employees, communities and the environment. This recognition affirms that corporate responsibility remains a priority for our entire organization."
aBeing a good corporate citizen is core to everything we do,a said Jay Hooley, chairman, president and chief executive officer of State Street. aI am proud of our ongoing commitment to making a positive impact in a number of areas in order to better support our shareholders, clients, employees, communities and the environment. This recognition affirms that corporate responsibility remains a priority for our entire organization.a
Companies are selected for CR Magazinea™s 100 Best Corporate Citizens by achieving a high numerical rating across seven stakeholder categories: Climate Change, Employee Relations, Environment, Financial, Governance, Human Rights and Philanthropy. All companies on CR Magazinea™s 100 Best Corporate Citizens list are also required to be included in the Russell 1000©. Additional information on State Streeta™s citizenship efforts can be found at: [ http://www.statestreet.com/csr/ ].
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 management, investment research and trading and investment servicing. With $21.5 trillion in assets under custody and administration and $2 trillion1 in assets under management at December 31, 2010, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Streeta™s website at [ www.statestreet.com ].
About Corporate Responsibility Magazine, CRO Association and CRO Summits
20,000-subscriber Corporate Responsibility Magazine ([ www.thecro.com ]) is publisher of the 12th annual 100 Best Corporate Citizens List, among Americaa™s three most-important business rankings according to PR Week. Over 200 large capitalization corporations and institutions are members of the Corporate Responsibility Officers Association ([ www.croassociation.org ]), representing 1,200+ individuals dedicated to increasing professionalization of corporate responsibility standards and practices. CROA has a formal partnership with NYSE Euronext. Corporate Responsibility Officer Summits ([ www.crosummit.com ]) are recognized worldwide as the leading events for corporate responsibility practitioners. CR Magazine, CROA and CRO Summits are managed by SharedXpertise Media LLC, with offices in Edison NJ, Cambridge UK, Brussels BE, and Singapore.
1 This AUM includes the assets of the SPDR Gold Trust (approx. $56 billion as of December 31, 2010), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent.
