State Street Recognized in the 2017 Bloomberg Financial Services Gender-Equality Index

Index Doubles in Size, Recognizing 52 Firms Across EMEA, APAC and the Americas

Category:

Monday, January 23, 2017 4:59 pm EST

Dateline:

London

Public Company Information:

NASDAQ:
STT

LONDON, January 23, 2017 — State Street Corporation (NYSE: STT) announced today that it is one of 52 firms recognized in the 2017 Bloomberg Financial Services Gender-Equality Index (BFGEI). The index provides investors and organizations with standardized aggregate data across company gender statistics; employee policies; gender-conscious product offerings; and external community support and engagement.
In order to be considered, State Street submitted a social survey created by Bloomberg in partnership with third-party experts, including Women's World Banking, Catalyst and Working Mother Media. The surveys in the 2017 index scored at or above 60 points, a global threshold established by Bloomberg to reflect disclosure and the achievement or adoption of best-in-class statistics and policies.
Jeff Conway, chief executive officer of State Street EMEA said, “We work hard to provide all of our employees with the most inclusive and diverse working environment possible. Since 2012, we’ve set internal targets to increase the number of women in senior roles to benchmark our progress. We are proud to showcase our strong commitment to gender equality, and alongside our peers, better understand the gender-equality related issues that our employees, clients and communities face.”
Angela Sun, head of Strategy and Corporate Development at Bloomberg said, "Companies are increasingly focused on managing operational risks, including the attraction and retention of employees. As investors look for new drivers of risk-aware alpha, the demand for data around gender equality and other social and governance metrics continues to grow. The BFGEI brings greater transparency to the practices and policies crucial to managing those risks and attracting investor capital."
"We are encouraged by the significant expansion of this year's index, and by the leadership each of our member firms has demonstrated," said Peter T. Grauer, chairman of Bloomberg and Founding Chairman of the U.S. 30% Club. "Their commitments to building diverse and inclusive work environments are setting new standards around the globe and raising awareness around the challenges all of our organizations face."
Both the survey and the BFGEI are voluntary and have no associated costs. Bloomberg collected this data for reference purposes only. The index is not ranked. For more information on the BFGEI and how to submit information for next year’s Index, please click here.
Bloomberg clients can access the BFGEI at: {BFGEI Index DES <GO>}

About State Street Corporation
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 $29 trillion in assets under custody and administration and $2 trillion* in assets under management as of September 30, 2016, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com. 


About Bloomberg
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit http://www.bloomberg.com/ or request a demo.

The information contained in this communication is not a research recommendation or ‘investment research’ and is classified as a ‘Marketing Communication’ in accordance with the European Communities (Markets in Financial Instruments) Regulations 2007. This means that this marketing communication (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research (b) is not subject to any prohibition on dealing ahead of the dissemination of investment research.
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without State Street express written consent.
All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed.  There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.

State Street Corporation, One Lincoln Street, Boston, MA 02111-2900.

© 2017 State Street Corporation - All Rights Reserved
Expiration date : 01/31/2018
CORP-2575

Contact:

Name: Lydia Cambata
Telephone: 020 395 7319
Email: lcambata@statestreet.com

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