State Street’s Commitment to Diversity

At State Street, diversity is a strategic business imperative. Embracing a wide range of differences, our diversity initiative is about good people management. We want State Street to be a place where individuals feel valued and included, where differences are acknowledged and respected, where all employees feel they can come to work and make a meaningful contribution to our business.

We support this commitment through five key objectives:

1. State Street has an environment that values and respects individual differences. We encourage and include a diversity of opinions and perspectives and welcome new ideas and ways of working.
2. State Street has an environment that enables employees to balance the demands of their personal and professional lives.
3. Managers execute our management practices to optimize the performance of each employee and the results of our business.
4. State Street provides an array of opportunities for employees to build personally fulfilling careers.
5. There is a diversity of employees at all levels of the organization, in all businesses, in all job categories.

We continually review and set priorities:

    Among our diversity priorities are a broad range of career development, mentoring, management development and other education programs geared toward employees at all levels of the organization. We follow up on these programs with internal measurement tools, including an annual corporatewide “climate survey.” The results of this survey influence how we set diversity priorities each year.

We encourage our employees to share their ideas:
    Through our affinity groups, employees across the company gather to share ideas and experiences around topics of interest and learning. To date, State Street's affinity groups focus on disability awareness, issues facing working mothers, and the unique experiences of gay and lesbian employees, Latino, Black and Asian employees, and professional women.
    And we are pleased to be recognized as a diversity leader:
      We were honored to be the only Massachusetts-based company to be named one of the top 25 corporations for executive women in the January 2001 issue of Working Woman magazine. In the survey’s third-annual listing, State Street for the second consecutive year placed among the country’s top 25 companies with at least two women directors and a ‘culture that encourages and supports women via work-life and mentoring programs.’
    For more information, please e-mail diversity@statestreet.com