ClimateTicker

State Street Corporation

NYSE: STT40Mixed / Improving· Provisional
0 followersAsset manager·Boston, US·Founded 1792
www.statestreet.com

Global custodian bank and asset manager that operates the SPDR ESG ETF suite and engages portfolio companies on climate risk disclosure through its asset-stewardship programme.

40/100
Mixed / Improving· Provisional

ClimateTicker Green Score · how it's calculated

Greenwashing risk: highData confidence: medium

Why it's on ClimateTicker

State Street is a global custodian bank and asset manager that markets itself as a climate-conscious investor through its SPDR ESG ETF suite, net-zero-by-2050 pledge, and asset stewardship programme — but its credibility has eroded materially: it pulled its U.S. business from the Net Zero Asset Managers initiative in late 2025, slashed support for environmental shareholder proposals in 2024, and lobbied against strict ESG disclosure thresholds while continuing to hold significant fossil-fuel stakes. Its own operational footprint is modest, but as an enabler of capital its climate impact depends almost entirely on how it votes and engages — and that record is weakening.

enablerState Street earns revenue from two core segments: investment servicing (custody, fund administration, securities lending) and investment management via SSGA (passive and active funds including the SPDR ETF franchise), with fees tied to assets under custody and management.

Commitments & Certifications

other: Signatory (U.S. withdrawn Nov 2025; Europe/UK retained) ↗other: Reporting aligned — not independently certified ↗SBTi: Not validated ↗

Controversy & Greenwashing Watch

highNZAM U.S. Withdrawal

State Street pulled its U.S. investment management business from the Net Zero Asset Managers initiative in November 2025, widely seen as capitulating to anti-ESG political pressure while retaining climate-leader branding.source ↗

mediumGovernment ESG Investigations

State Street disclosed in its 2024 10-K that it has received information requests from government entities investigating its ESG investing practices and memberships in climate-oriented investor groups.source ↗

highCollapse in E&S Shareholder Proposal Support

State Street dramatically reduced its support for environmental and social shareholder proposals in the 2024 proxy season, drawing criticism from sustainability advocates who said the retreat undermined its stewardship credibility.source ↗

mediumFossil Fuel Holdings & Taxonomy Softening

State Street continues to hold significant stakes in fossil-fuel companies and in 2022 appeared to support including natural gas as 'green' under the EU taxonomy, contradicting its public climate commitments.source ↗

mediumOpposition to Strict ESG Fund Labelling & Disclosure Rules

SSGA has opposed regulatory efforts to establish strict categories and thresholds for climate-related funds and resisted Scope 3 and proxy-voting disclosure requirements proposed by the SEC.source ↗

Community Reviews

No reviews yet. Be the first to share your experience!