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State Street’s Corporate Responsibility Report Highlights Commitments to Strengthening Local Communities, Protecting the Environment and Promoting Responsible Investing

BOSTON, May 17, 2016 (BUSINESS WIRE) -- State Street Corporation STT, -0.03% today announced the release of its 2015 Corporate Responsibility (CR) report, which highlights the company’s commitment to corporate citizenship, the environment, social governance and responsible investing.

“At State Street, corporate responsibility is firmly ingrained in our culture and critical to our success,” said Jay Hooley, chairman and chief executive officer of State Street. “Being a responsible corporate citizen and making a positive impact on a global scale is a top priority for us and our key stakeholders — our employees, our clients, our shareholders and society at large.”

Highlights of the 2015 CR report include:

Community Support

  • State Street provided $22.7 million to nonprofit organizations around the world in 2015, including matching employee contributions of $4.15 million to 2,222 charitable organizations.
  • Approximately 7,200 employees participated in company-sponsored volunteer activities during the year, devoting a record 116,000 hours of their time charitable causes, up 9% from 2014.
  • State Street’s launch of the Boston Workforce Investment Network, or Boston WINs, a four-year program to boost education and job readiness for urban youth in Boston. In an innovative approach to corporate philanthropy, the State Street Foundation pledged to donate $20 million to five nonprofit organizations over four years to work together to advance education and job...