Towards a common carbon currency: Exploring the prospects for integrated global carbon markets

Environment

As demand for the world's resources increases, we will continue to do our part to sustain the environment. We have developed specific guidelines to ensure that we are being an environmentally sensitive corporate citizen. By adopting an Environmental Sustainability Statement and setting specific environmental objectives, we have established a solid base upon which to build our environmental sustainability initiatives.

Environmental Sustainability Statement

The Bank of New York Mellon's commitment to corporate social responsibility includes the environmentally prudent management of our facilities around the world; collaboration with suppliers to improve our indirect environmental impacts; environmental programs; and education for employees; green investments and socially responsible products offered to clients.

Our Environmental Sustainability Commitments

Incorporate green building design into existing and new buildings to improve their environmental performance where appropriate
Measure and reduce our greenhouse gases
Decrease our paper use and increase sourcing of post-consumer recycled products
Collaborate with suppliers to purchase and use products/services that reduce any impact on the environment
Develop an education program for employees to positively impact the environment in their work lives
Research and develop products and services for our marketplace that support environmental sustainability
Publicly report on our environmental progress at least once a year

Goals for 2009

Continue our ENERGY STAR program and increase the number of LEED Projects
Expand utilities and resource tracking to better calculate our carbon footprint
Expand recycling programs
Reduce energy consumption through capital improvements
Increase building environmental sampling for better control
Increase green purchasing
Develop green design and construction standards
Develop an extensive multimedia marketing plan for employee and client engagement
Communicate our sustainability priorities to leased properties
Expand coordination of sustainable priorities with suppliers