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State Street Recognized For Commitment to Sustainability and Corporate Citizenship

06/10/2009
 

BOSTON — October 6, 2009—State Street Corporation, one of the world’s leading providers of financial services to institutional investors, today announced it has received two honors acknowledging the company’s commitment to corporate sustainability and community involvement.  For the fourth consecutive year, State Street qualified for both the World and North America Dow Jones Sustainability Indexes (DJSI).  State Street was also recognized for the fourth year in a row by the Boston Business Journal as the area’s top charitable contributor. 

Launched in 1999, the DJSI tracks the financial performance of the leading sustainability-driven companies worldwide. The annual review of the DJSI is based on an assessment of corporate economic, environmental and social performance. State Street received a high evaluation for its risk and crisis management practices, environmental and social reporting and corporate philanthropy.  State Street is the only US-based financial services firm currently listed on both indexes this year. 

The Boston Business Journal’s Corporate Philanthropy Award is presented annually to the largest corporate charitable contributor in Massachusetts. In 2008, State Street contributed $26 million to nonprofit organizations, including the State Street Foundation. The award was announced at the Boston Business Journal’s annual Corporate Citizenship Summit in September.

“State Street is proud to receive consistent recognition from the DJSI and the Boston Business Journal for our commitment to corporate responsibility,” said George Russell, executive vice president of community affairs at State Street.  “These honors speak to our belief that environmental sustainability, good governance practices and investments in our communities around the world are an integral part of being a business and industry leader.”

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 $16.4 trillion in assets under custody and administration and $1.6 trillion in assets under management at June 30, 2009, State Street operates in 27 countries and more than 100 geographic markets worldwide.  For more information, visit State Street’s web site at www.statestreet.com.

 
 
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