State Street Earns MLT’s Hispanic Equity at Work Bronze Certification and Black Equity at Work Bronze Recertification
April 10 2024 - 7:30AM
Business Wire
State Street Corporation (NYSE: STT) today announced that it has
earned both the Hispanic Equity at Work Bronze Certification and
the renewal of its Black Equity at Work Bronze Certification, two
recognitions issued by Management Leadership of Tomorrow (MLT).
MLT has worked with and supported employers in their journey
toward racial equity by providing talent, recruitment, retention,
and comprehensive diversity, equity and inclusion (DEI) strategy
assistance. Through its Racial Equity at Work Certification
programs, MLT recognizes those employers who are advancing
equitable principles in the workplace and in their industry and
taking the necessary steps towards improving economic mobility.
“State Street’s steadfast commitment to breaking down systemic
barriers for Black and Hispanic professionals is truly exemplary,”
said John Rice, CEO & Founder of MLT. “I congratulate the team
on reaching this important milestone. By becoming Hispanic Equity
at Work certified, State Street is setting the standard for racial
equity within our country’s leading financial institutions.”
Last year, State Street became the first Global Systemically
Important Financial Institution (GSIFI) to earn the MLT Black
Equity at Work Bronze Certification, and the firm has now been
recognized with recertification of this achievement. With today’s
announcement, State Street also becomes the first GSIFI to earn the
MLT Hispanic Equity at Work Certification.
“We are proud to take a results-oriented approach to racial
equity in the workplace, ensuring that all of our key stakeholders
are best served,” added Marcia Rothchild, head of State Street for
Latin America and the Caribbean. “Our partnership with MLT on the
Hispanic Equity at Work Certification furthers our commitment to
transparency, accountability, and action as we continue advancing
inclusion, diversity, and equity.”
These recognitions follow State Street’s 2020 commitments on the
firm’s 10 Actions to Address Racism and Inequality through
measurable tenets that are part of the company’s global vision to
be a leader in promoting greater equity in the industry and local
communities.
“We continue to prioritize diversity, equity, and inclusion
initiatives within our broader business strategy, and these two
certifications demonstrate that we are heading in the right
direction in pursuit of these goals,” said Paul Francisco, chief
diversity officer of State Street.
Click here to learn more about the ways in which State Street
has continued to advance this mission.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $41.8 trillion in assets
under custody and/or administration and $4.1 trillion* in assets
under management as of December 31, 2023, State Street operates
globally in more than 100 geographic markets and employs
approximately 46,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of December 31, 2023, includes
approximately $64 billion of assets with respect to SPDR® products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
© 2024 State Street Corporation 6539518.1.1.GBL.RTL
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Media: Brendan Paul +1 (401) 644-9182
bpaul2@statestreet.com
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