State Street

Asset Managers

STT

$ 91 0.55

Share price

$ 32 bn

Market Cap

$ 32 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.05x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -6.6% weighted average for S&P 500

FY2022

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This target is most likely outdated and the company appears to have already achieved it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

GHG emissions and Carbon intensity

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.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Carbon offsets	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	64	6.7	57	11	(8.2)	12,027	5.3
2020Q4	74	7.4	67	37	(10)	11,703	6.4
2019Q4	85	8.9	76	91	(32)	11,756	7.2
2018Q4	88	9.8	79	96	(26)	12,131	7.3
2017Q4	100	9.7	90	96	(16)	11,266	8.9
2016Q4	101	8.2	92	87	(30)	10,207	9.9
2015Q4	112	11	101	98	(26)	10,360	11
2014Q4	117	7.9	109	88	(33)	10,274	11
2013Q4	118	8.2	109	86	(30)	9,864	12
2012Q4	114	7.8	106	86	(24)	9,630	12