State Street named Top 100 green power purchasers

The Environmental Protection Agency (EPA) honored Boston’s State Street Corp. this week as on of the 100 purchasers of Green Power under its Green Power Partnership.

“State Street and EPA’s other Green Power Purchasers are driving the development of new renewable energy sources and demonstrating that green power makes good environmental and business sense,” EPA New England Regional Administrator Curt Spalding said. “We applaud their efforts and look forward to other organizations following their lead.”

The Green Power Partnership boasts 1,300 organizations that annually offset carbon pollution equivalent to approximately 2.5 million homes. Last year, State Street purchased Green-e certified renewable energy certificates worth 211 million kilowatt-hours (kWh), or 100 percent of 2013’s consumption for its real estate portfolio.

“Corporate sustainability is no longer a ‘nice to do’ but a ‘must do,’” State Street EVP and Global Realty, Procurement & Continuity Services Manager Patrick Centanni said, who also chairs the company’s Executive Corporate Responsibility Committee. “It’s business-critical that we meet the expectations of our stakeholders, from clients and shareholders, to employees and members of the communities in which we work, when it comes to our use of natural resources and overall environmental impact. This is great recognition of our efforts to date and we look forward to keeping the momentum going with the portfolio of policies and goals we have in place around sustainability.”