State Street Luncheon
Wednesday, October 3rd – 11:45 am – 1:00 pm
Two of the most important components of any corporate responsibility program are making them relevant and strategic for the company, and engaging employees so that they can both understand the underlying rationale behind the initiatives as well as become part of the process. A lot has been said about the underlying materiality of ESG (environmental, social and governance) issues to a company’s bottom line success. As important as that is, companies cannot lose sight of their traditional roles as community leaders and supporters. The evolution of these roles has become more strategic in community focus areas where companies have operating facilities. At State Street, the focus over the past decade has narrowed from six key issues to four and now to one: education, with an emphasis on workforce development.
State Street’s community support initiatives have expanded from just its Boston headquarters location to 38 locations around the world – in all the cities where it has a physical business presence. In 2011, State Street launched a truly global giving campaign to unite employees from around the world to make a powerful impact toward a single cause. State Street Foundation is committed to promoting economic self-sufficiency among disadvantaged populations and makes grants to organizations that are committed to advancing the following priority outcomes. Toward this end, it has adopted an evaluation approach that we call the State Street Foundation Impact Framework. The State Street Foundation Impact Framework was informed by input from leadership at State Street Corporation and many of our grantees, as well as the latest research on measuring results in the fields of education and workforce development.