Supplier Diversity

At State Street, we recognize the value of a diverse supplier base and are focused on working with qualified organizations whose values align with ours. We believe that when there is equal opportunity for participation, the benefits of diverse perspectives are mutual and long-lasting. By actively promoting partnerships across a wide range of purchasing categories, we demonstrate our commitment to creating better outcomes for our clients, employees, investors and the communities we serve.

Our supplier diversity program fosters opportunities for businesses to certify their ownership and help expand supplier diversity through the following ownership categories: minority business enterprises (MBEs), women business enterprises (WBEs), veteran business enterprises (VBEs), disability-owned business enterprises (DOBEs), and LGBT-owned business enterprises (LGBTBEs).

Who we work with

Within Procurement and across the enterprise, we are committed to driving dynamic engagement with suppliers owned by minorities, women, veterans, LGBT and the community with disabilities to enhance and enrich State Street’s supply base. We strive to create more opportunities for diverse suppliers so that we can improve the diversity makeup of our supplier base and assist diverse suppliers in growing their businesses and expanding their impact on local communities.

We are working to expand our use of diverse suppliers and encourage large suppliers to develop and expand their own diversity programs. We work with multiple supplier diversity organizations through memberships, financial contributions, participation in conferences and workshops and outreach.

Some of our partner firms include:

• Center for Women and Enterprise
• CEO Action for Racial Equity
• Disability:IN
• Financial Services Roundtable for Supplier Diversity
• Greater Boston Chamber of Commerce - Pacesetters Initiative
• Greater New England Minority Supplier Development Council
• Massachusetts Competitive Partnership
• Massachusetts Conference for Women
• Massachusetts LGBT Chamber of Commerce
• Minority Supplier Development UK
• MLT Black Equity at Work
• National LGBT Chamber of Commerce
• National Minority Supplier Development Council
• National Veteran-Owned Business Association
  
• Small Business Strong
• US Hispanic Chamber of Commerce
• Women’s Business Enterprise National Council

Our commitment

We continually look for new and more effective approaches to fulfill our diversity and inclusion mission, and are dedicated to improving our diverse culture and inclusion through a focused framework with careful attention to regulatory guidance.

Guided by our values, we are committed to nurturing intentional, purpose-driven partnerships with suppliers representing minorities, women, veterans, LGBTQ+ individuals and those with disabilities. Central to our mission is the expansion and enrichment of our supplier network through these alliances. Our focus is to create greater opportunities for diverse suppliers, while supporting their growth and amplifying their positive influence within local communities.

Christopher M. Malley
Chief Procurement Officer

How we can work together

Building a diverse supplier base starts with you, along with committed support from us. If you are a certified diverse supplier, we encourage you to register with us via our self-registration portal here.

Not ready to do business directly with a company the size of State Street? That’s ok, we want to hear from you, too. Our Tier 2 spend program keeps options open for subcontracting referrals to primary suppliers who seek to boost their own diversity spend.

Be sure to reference the resources linked on this page for more guidance or email us at SupplierDiversity@StateStreet.com.