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State Street Corp
State Street's GHG Emissions Data Preview
In 2024, State Street completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
State Street has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind State Street’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore State Street’s data sources below and access millions more through our Disclosure Search.
Insights into State Street's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofState Street amounted to56,464metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of State Streetdecreased by 7.55%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
State Street's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are State Street's Scope 1 emissions?
In 2024, the total Scope 1 emissions of State Street were 4,813 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has State Street reduced its Scope 1 emissions over time?
Since 2019, State Street's Scope 1 emissions have decreased by 49.97%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), State Street's Scope 1 emissions decreased by 41.71%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are State Street's Scope 2 emissions?
In 2024, State Street reported Scope 2 greenhouse gas (GHG) emissions of 51,651 tCOâ‚‚e using the location-based method.a
Has State Street reduced its Scope 2 emissions over time?
Since 2019, State Street's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 33.45%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year(2023), State Street's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that State Street's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does State Street use for Scope 2 reporting?
In 2024, State Street reported its Scope 2 emissions using the location-based method.a
State Street's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into State Street's Value Chain Emissions
In 2024, State Street reported 309,669 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of State Street includes a breakdown across 5of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
State Street's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are State Street's Scope 3 emissions?
In 2024, State Street reported total Scope 3 emissions of 309,669 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 100%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has State Street reduced its Scope 3 emissions over time?
Since 2019, State Street's Scope 3 emissionshave increased by 240.77%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), State Street's Scope 3 emissions remained relatively stable, indicating that State Street's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does State Street disclose?
In 2024, State Street reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of State Street's Scope 3 emissions?
In 2024, the largest contributors to State Street's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 238,530 tCOâ‚‚e(77.03%)
- Employee Commuting (Cat. 7): 44,085 tCOâ‚‚e(14.24%)
- Fuel- and Energy-Related Services (Cat. 3): 15,735 tCOâ‚‚e(5.08%)
State Street's Scope 3 Emissions by Categories
Insights into State Street’s GHG Emissions Intensity Compared to Industry Peers
In 2024, State Street reported Scope 1 greenhouse gas (GHG) emissions of 4,813 tCOâ‚‚e and total revenues of USD 12,917 millions. This translates into an emissions intensity of 0.37 tCOâ‚‚e per millions USD.a
State Street's Scope 1 Emissions Intensity Compared to Peers
How does State Street's GHG emissions intensity compare to its peers?
In 2024, State Street reported a Scope 1 emissions intensity of 0.37 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.21, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does State Street rank on GHG emissions intensity within its industry?
In 2024, State Street ranked 21 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places State Street among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into State Street's Total Carbon Footprint
In 2024, State Street reported a total carbon footprint of 366,133 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.32% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to State Street's total carbon footprint was Scope 3 emissions, accounting for 84.58% of the company's total carbon footprint, followed by Scope 2 emissions at 14.11%.a