Building a Sustainable

Future

CorporateResponsibility

2014Overview

“ We’re proud of the role we play in the global financial system, and we’re committed to conducting our business in a responsible manner so we can be sure we’re having a positive impact on the world.”

Joseph L. HooleyChairman and Chief Executive Officer

Corporate Responsibility

Our clients need us to stay a step ahead. This spreads across every part of our business, including our commitment to corporate responsibility (CR).

Through our focus on economic development, social engagement and environmental sustainability, we keep all stakeholders — employees, clients, shareholders and communities — actively engaged in what matters most to them.

We’re also proud to endorse global corporate citizenship initiatives, including the United Nations (UN) Principles for Responsible Investment and the UN Global Compact. And we continue to focus on diversity and a strong culture of ethics. Connecting our business goals with corporate responsibility keeps us moving forward.

Every year, new products, new regulations and new technologies change the way we do business

1

2

2012

$146.70B*

2011 $108.00B*

Economic

Connecting the world’s investments with ESG factors is critical

2013

$203.70B*

2014 $217.98B*

ESG assets under management

*Estimated figures 3

Investing Responsibly

More than ever, investors are keen on investing responsibly. Still, their priority is generating strong returns. To find the right balance, we encourage our clients to carefully consider environmental, social and governance (ESG) factors in their investment objectives. This not only impacts a company’s reputation, operational risks and costs, but can enhance efficiency and productivity — leading to growth in shareholder value.

By understanding the risks and opportunities of ESG factors, we put our clients in a better position to achieve their goals. To support our commitment to responsible investing, this year we introduced the first low-carbon exchange traded fund in the US. We also financed municipal projects, tax-advantaged investments for low-income housing projects and renewable energy.

Corporate Responsibility

Social

4

Our focus is on building a stronger tomorrow

2013 Results EMEA NA MA Total SSF

Students on track to attain a secondary degree 5,221 2,981 4,152 12,354

Students who attained a secondary degree 995 1,360 1,110 3,465

Participants on track to attain credentials 639 276 3,182 4,097

Participants who attained credentials 393 203 1,331 1,927

Participants who completed transitional employment assignments 499 1,483 3,077 5,059

Participants placed in permanent jobs 201 2,022 1,919 4,142

In 2014, 196 grantees reported on the community impact of $5 million in grants from 2013:

EmployeeVolunteer Hours

2013

87,350

2014

106,374

Corporate Responsibility

*2014 employee engagement survey 5

Return on Investment

Through the State Street Foundation (SSF), employee philanthropy and corporate responsibility practices, we’re committed to giving back to the communities where we live and work. With a focus on education and workforce development, we help prepare local people for employment through grants to and partnerships with nonprofit organizations.

2013 Results EMEA NA MA Total SSF

Students on track to attain a secondary degree 5,221 2,981 4,152 12,354

Students who attained a secondary degree 995 1,360 1,110 3,465

Participants on track to attain credentials 639 276 3,182 4,097

Participants who attained credentials 393 203 1,331 1,927

Participants who completed transitional employment assignments 499 1,483 3,077 5,059

Participants placed in permanent jobs 201 2,022 1,919 4,142

74%

of employees involved in corporate citizenship

reported higher engagement*

In 2014, SSF invested

globally$18.8M

6

In our 2020 goals, we’ve setsome aggressive standardsfor ourselves and are excitedto report our progress.1

2020Goal

2014Progress

Decrease carbon emissions

by 20% per employee

2014 Progress2, 3

6%

Individual contribution goes a long way toward reaching our goals

1 All figures reflect actual or metered data only.2 Does not include data centers.3 Percentage is based on direct and indirect

energy. We used a location-based approach to calculate indirect energy.

Environment

Reduce water consumption by

20% per employee

2014 Progress2

13%

Divert 90% of waste from

landfill

2014 Progress

71%

Achieve ISO 14001 certification at controlled sites

2014 Progress

16/19sites

Corporate Responsibility

7

Contributions that Matter

Through our environmental sustainability program, we find ways to protect our natural resources and identify how our employees can contribute. Initiatives like our sustainability goals for the year 2020, progress on ISO 14001 certifications and efforts to limit the paper we consume are helping us get there.

Our employees are also making a difference. From flex work arrangements that reduce commuting, to recycling and participation in community challenges, our employees helped us advance our sustainability goals in 2014.

Together,Creating The Way Ahead

Learn more atstatestreet.com/cr

Notice: The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information.

State Street Corporation State Street Financial Center One Lincoln Street Boston, Massachusetts 02111-2900 +1 617 786 3000

* All data in this report reflect our corporate responsibility performance in 2014 or status as of December 31, 2014.

CORP-1390 15-23759-0415 ©2015 STATE STREET CORPORATION

Exp. 4.30.2016