Diversity, equity and inclusion
The many characteristics that make us unique also make our company stronger, smarter and more successful.
At State Street, we embrace and encourage differences, including race, color, religion, creed, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, socioeconomic status, culture, and other legally-protected characteristics that make our employees and others with whom we work unique.
We celebrate the diversity of our 40,000+ colleagues worldwide, recognizing the wealth of differences they bring. With a strong commitment to embedding diversity, equity and inclusion (DEI) into our corporate culture, we’re embracing our colleagues’ unique identities, experiences and perspectives, and fostering an inclusive environment where everyone feels a sense of belonging.
Five pillars of our culture
To help create consistency around our approach to DEI, we identified five culture traits that reinforce the high-performing, inclusive behaviors we want to encourage in ourselves and each other:
- Choose to own it
- Break through silos
- Deliver results with integrity and speed
- Do better every day
- Care for our colleagues, clients and community
These traits are at the core of how we conduct ourselves and our business. We educate and empower colleagues at every level, inspiring a community of leaders who represent our global footprint and the diverse markets we serve. By fostering an environment where our teams feel engaged, connected and supported, we’re building a culture of collaboration and contribution.
colleagues are now champions of unconscious bias training *
senior subordinated bonds underwritten by Black- and Latinx-owned firms *
spent in diverse procurement *
Recognizing our efforts
From being named to the Bloomberg Gender Equality Index five years in a row, to winning multiple DiversityInc Top 50 Best Companies nods and Seramount awards, we are proud to be recognized for supporting inclusion, diversity and gender equity in the workplace and beyond.
Embracing diversity
Our differences unite us and set the foundation of an inclusive culture. Measuring and reporting on our diversity goals reminds us that we need to continue to drive more equitable representation across the company.
10 actions to address racism and inequality
A more equitable world begins with each of us. In June 2020, we launched our 10-point action plan to address issues of racism and inequality — across our company and in our communities. Through our 10 Actions, we intend to use our power, voice and capital to help end systemic racism.
Strengthening our civil rights programs
In November 2021, we engaged national civil rights law firm Relman Colfax to conduct an independent Civil Rights audit of our company. The audit focused on products and services, whether our business policies, practices and products/services have advanced Civil Rights for protected classes in the US, and how they might in the future.
Our Equal Employment Opportunity reporting
We have set clear goals to help us improve our diversity and inclusion efforts. Making our EEO-1 data available is just one of the ways that we quantify and report on progress toward those goals. We know we have more work to do, and we are committed to improving.
Recognizing potential through equal pay
As part of our commitment to equal pay for work of equal value, we regularly review our pay practices to assess how women are paid compared to men globally, and how employees of color are paid compared to their peers in the US.
Creating connections
Run entirely by our colleagues, our 24 employee networks (many of which have won industry awards) help employees come together around a common goal, share unique perspectives and increase their visibility. They also create networking, mentoring and other professional development opportunities.
From Fearless Girl to strong female leadership
In 2017, Fearless Girl stepped onto Wall Street to challenge the status quo of corporate board composition. Today, her impact is clear, as 1,027 firms previously with all-male boards have since added at least one female director1.
Enriching our supplier network
Our program engages with suppliers owned by minorities, women, veterans, and the LGBTQ+ and disabled communities. We seek to create opportunities for diverse suppliers to grow their businesses and expand their impact on local communities.