At BNY Mellon, we see responsible investments practices as part of being Invested in Market Integrity. We seek to provide substantive programs to support clients' Environmental, Social and Governance (ESG) needs and interests, while being mindful of ESG risks and impacts when we lend and invest company funds.
Many of our clients seek to shape their investment strategies around social or environmental values. We provide numerous resources to help them meet their goals, including product offerings and education. We provide Social Responsibility Investment options in both our Investment Management and Investment Services businesses, handling a growing volume of ESG business.
In our Investment Management work, we take a bottom-up approach to ESG investing and product offerings, providing investment teams with the information and tools to analyze ESG factors alongside other investment criteria.
Asset Servicing has provided ESG screenings of client portfolios since 2004, and is now part of our core post-trade compliance monitoring system. We screen investments for more than 60 specific ESG attributes.
Other business areas offering ESG related services include our Corporate Trust unit and Global Collateral Services unit. Learn more about our ESG approach in the Invested in Market Integrity section of the 2012 CSR Report.
Because we are not active in project financing, BNY Mellon is not a signatory of the Equator Principles, which is an internationally recognized framework for assessing social and environmental risks in project finance.
However, in 2012, we evaluated our entire lending portfolio against their guidelines to determine our exposure to potential social and environmental risk through non-project finance lending activities. Our findings revealed a minimal level of environmental and social risks as a direct result of our lending. We continue to monitor social and environmental risk in our portfolio.
Investing responsibly in the global communities where we operate is the right thing to do and helps meet our business objectives. Our efforts also comply with all applicable local laws, including the 1977 U.S. Community Reinvestment Act (CRA), which encourages commercial banks to help meet the needs of borrowers in low- and moderate-income neighborhoods. Learn more about our Community Reinvestment Commitment.