State Street

Asset Managers
STT
$ 64 (3.7)%
Share price
$ 23 bn
Market Cap
$ 23 bn
Enterprise Value

Carbon footprint

2.7 Ton
GHG emissions per $ 1 mln investment
0.07x the weighted average for S&P 500
FY2021
How is this calculated?
-15%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-0.4%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

State Street aims to reduce Scope 1 + 2 by 27.5% by 2030 from a base year 2019

This target is most likely outdated and the company appears to have already achieved it
This target has not been verified as science based according to SBTi
State Street's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

State Street's GHG emissions (location-based) (Kt of CO2e)
State Street's Carbon intensity (Tons per 1 USDm)

State Street's carbon footprint

State Street reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2021 at 64 Kt (-11 /-14.5% y-o-y). Also positively, carbon intensity was down at 5.3 t (-1.1 /-17.2% y-o-y).

State Street's Scope 3 emissions plummeted to 11 Kt (-26 /-70.2% y-o-y). The decline accelerated compared to the CAGR of -26.7% since 4Q'15.

The company is committed to reducing Scope 1 + 2 by 27.5% by 2030 from a base year 2019, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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