SustainCase: How State Street ensures client data protection and privacy

Case study: How State Street ensures client data protection and privacy


As a global leader in asset management, and as the second oldest financial institution in the United States, with over 30,000 employees and offices in 30 countries around the globe, State Street is committed to protecting and properly handling sensitive client information through a range of information security and customer privacy programs and tools.


Abstract


Building trust and confidence with clients, not leasτ by making sure client data is handled responsibly over its entire life cycle, is a top priority for State Street. In order to ensure client data protection and privacy State Street took action to:

• use a software data classification tool

• implement a Data Loss Protection Program

• employ endpoint protection software


Using the GRI Standards in order to maintain and increase the value of your company


With each publication in this series the FBRH team will highlight one key impact identified by a company reporting in accordance with the GRI Standards and show how it has taken a structured, systematic approach to improving performance. With such positive action companies build trust, by dealing responsibly and conscientiously with their impact on the environment and on their stakeholders (e.g. clients, suppliers, shareholders, local communities, NGOs or local government). Stakeholders that can hold it back or stop it from reaching its objectives


By building trust your company creates loyalty and long-term commitment to its services and brands


New foreword by the Editor:

Why the GRI Sustainability Reporting Standards are not a box ticking exercise and how 80% of the world's 250 largest companies are using the GRI Standards to gain competitive advantage