Company Directory - State Street Global Services
Company Details - State Street Global Services
State Street Global Services
Boston, USA
State Street Global Services is a subsidiary of State Street Corporation that provides investment management services through its trust company based in Massachusetts. The firm specializes in asset management, custody, and related financial services, supporting institutional investors with comprehensive investment solutions.
CCI Score
CCI Score: State Street Global Services
44.13
-0.03%
Latest Event
Political Contributions and Activities Policy
State Street Global Services released a policy outlining guidelines on political contributions and employee political activities. The policy clearly delineates that employees must use personal funds for political donations and prohibits the use of corporate resources, aiming to maintain transparency and limit inappropriate corporate influence in politics.
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DISSENTER
State Street Global Services is currently rated as a Dissenter.
Latest Events
- JAN012025
State Street Global Services released a policy outlining guidelines on political contributions and employee political activities. The policy clearly delineates that employees must use personal funds for political donations and prohibits the use of corporate resources, aiming to maintain transparency and limit inappropriate corporate influence in politics.
+80
Political Contributions and Lobbying Efforts
March 18
The policy reflects a responsible approach under the 'Political Contributions and Lobbying Efforts' category by emphasizing that political contributions must be made from personal funds and that the company strictly controls the use of its resources in political activities. This safeguard minimizes potential corporate misuse of political influence, thereby reducing potential complicity in authoritarian practices. However, the policy remains silent on direct lobbying activities, which leaves room for further scrutiny.
- JUL222024
State Street Corp. entered into a conciliation agreement with the U.S. Department of Labor to set aside $4.2M for future pay equity adjustments, following allegations of gender wage discrimination against female managing directors. This event highlights significant issues in the company's labor practices and human rights policies.
-60
Labor Relations and Human Rights Practices
March 18
The conciliation agreement exposes problematic labor relations at State Street Global Services, as allegations of gender wage discrimination resulted in mandated pay adjustments. This incident underlines a failure to uphold fair labor practices and ensure equitable treatment within the company, which is contrary to anti-discrimination and fair labor standards that oppose authoritarian and oppressive structures.
- JUN282024
State Street Global Services demonstrates its commitment to ethical and responsible business practices by mitigating modern slavery risks in its supply chain through rigorous due diligence processes, supplier training, and contract clauses.
+80
Labor Relations and Human Rights Practices
March 18
The statement outlines comprehensive policies and practices to ensure the protection of labor rights. State Street Global Services has implemented robust training and due diligence measures that help mitigate risks of forced labor and modern slavery, indicating a strong adherence to human rights practices.
+80
Supply Chain Ethics
March 18
The document details strict supply chain standards, including supplier due diligence, contractual obligations, and monitoring processes to ensure compliance with modern slavery laws. These measures indicate a proactive approach in managing supply chain ethics.
- MAY182023
State Street Global Services released its 2022 Modern Slavery Statement outlining comprehensive measures to mitigate human trafficking and forced labor risks in both its labor practices and supply chain. The document details extensive due diligence, compliance training, and supplier engagement processes, reflecting the company's commitment to ethical business practices.
+80
Labor Relations and Human Rights Practices
March 18
The Modern Slavery Statement demonstrates State Street Global Services' strong commitment to upholding labor rights and human rights practices by instituting comprehensive measures to mitigate modern slavery risks. The company conducts due diligence, enforces compliance training, and maintains strict supplier standards, which indicates a proactive approach in protecting worker rights.
+80
Supply Chain Ethics
March 18
The statement also details robust supply chain ethics by enforcing due diligence in supplier selection and contractual commitments to prevent forced labor and modern slavery. State Street Global Services communicates clear expectations to its suppliers and integrates modern slavery risk assessments into its procurement processes, which reflects a solid commitment to ethical supply chain management.
- MAR272022
Following stakeholder pressure and calls for stronger labor rights, the firm published updated human rights disclosure guidance that establishes clear mechanisms for workers to raise grievances without fear of retaliation.
+80
Labor Relations and Human Rights Practices
March 18
State Street Global Services, through its asset management arm, has taken significant steps to improve labor relations by issuing its Guidance on Human Rights Disclosures & Practices. This policy, which emphasizes fundamental labor rights and requires companies to establish safe grievance mechanisms, responds directly to trustee concerns and aligns with international labor standards. Such proactive measures are a positive counterbalance against authoritarian practices that suppress worker rights.
CWC Blog: Bringing workers' rights to the epicenter of change at SSGA
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- Miscellaneous Financial Investment Activities
- 523930
- Investment Advice
- 523920
- Portfolio Management