State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors, announced that IDG’s Computerworld, has selected the company as one of the top Green-IT Organizations for 2009. This honor is part of Computerworld’s annual Top Green-IT Organizations feature, published in the April 20 issue of Computerworld and online at Computerworld.com.

For the second consecutive year, Computerworld set out to identify organizations that are implementing smart, efficient strategies to achieve “green IT.” Organizations were invited to complete a comprehensive questionnaire online in January and February. Ninety-four organizations participated. To view the full survey, visit http://www.computerworld.com/html/research and click on Top Green-IT Organizations.

“We are delighted to be recognized for State Street’s approach to managing environmental impact,” said Madge Meyer, executive vice president, Global Infrastructure Services at State Street. "IT environmental practices have an immediate effect on energy optimization and cost-effectiveness - as well as a long-term competitive advantage on sustainability. Our program leverages creative ways to minimize the environmental demand of technology. As a result, green thinking is embedded in our culture, technology solutions and standard operating procedures.”

State Street’s green IT initiatives include:

• The “Zero Footprint Maximum Impact” strategy, which reduces the IT infrastructure in local offices by relying on regional data centers and technology to bring applications to users
• Server Virtualization, which is the partitioning of a single server so that it appears as multiple servers, has reduced State Street’s CO2 emissions by more than 35.5 million pounds – the equivalent to planting 80,000 trees
• Video and teleconferencing solutions to reduce travel and greenhouse gas emissions

"Smart organizations know that there are energy and money savings beyond data center walls, and even beyond the IT department. Green-IT efforts are found up and down the supply chain, from the data center to the desktop, from the mainframe to the end user,” said Scot Finnie, editor in chief, Computerworld. “The organizations recognized in our second annual Top Green-IT issue have explored new ways to apply technology to reduce energy consumption and carbon emissions in every part of their operations.”