State Street Corporation announced it has become a signatory to the United Nations Global Compact (UNGC), the world’s largest corporate citizenship initiative. The UNGC is based on 10 universal principles in the areas of human rights, labor, the environment and anti-corruption, which closely align with State Street’s corporate responsibility focus.
The UNGC initiative was officially launched in 2000 to encourage businesses worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. State Street joins more than 12,000 other signatories from companies, governments, labor, and civil society organizations in approximately 145 countries.
“Our membership with the UNGC furthers our focus on these issues and emphasizes the importance of them to our clients, employees, shareholders and the communities where we live and work. We are pleased to become an official member of the UNGC initiative, as its 10 universal principles in the areas of human rights, labor, the environment and anti-corruption closely align with our own values,” said Alison Quirk, executive vice president and chief human resources and citizenship officer at State Street. “Our membership with the UNGC furthers our focus on these issues and emphasizes the importance of them to our clients, employees, shareholders and the communities where we live and work.”
By signing the compact, State Street confirms its support of the initiative’s 10 principles and its intent to advance those principles within its organization.
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Por Funds Society, Madrid