Enterprise ESG Strategy

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At BNY Mellon, we’re committed to using our global reach, influence and resources not just to power success today, but to help safeguard the future.

Materiality

We focus on what matters most and where we can drive business transformation. Thus, BNY Mellon periodically adjusts our approach to address regulatory initiatives and remain current with stakeholder concerns, global trends and our own business strategies.

Our sustainability strategy and goals are based on research and stakeholder input gathered through a materiality assessment process that helped us determine the most relevant sustainability issues for BNY Mellon.

**Materiality Assessment* -**

Key Sustainability Themes

Technological Resilience

Information security and resilience to cyberattacks represent a key intersection of societal needs and BNY Mellon business priorities.

The Importance of the Employee

Employee issues such as diversity & inclusion, talent attraction, retention and development, and gender pay equity can help differentiate BNY Mellon in an increasingly competitive business environment.

Climate Readiness & Response

Climate change is impacting all industries. In the financial services industry, frameworks like the TCFD recommended disclosures can help to facilitate a robust and substantive assessment of climate-related vulnerabilities and opportunities.

Integrating Sustainability

Increasing demand for environmental, social and governance products and services has been driving their integration into the investment process.

Trust & Transparency

Board oversight, governance and transparency around evolving sustainability risks and opportunities are important to respond to stakeholder expectations.

* The term “materiality assessment” is being used to describe BNYM’s Enterprise Sustainability Strategy. It is not being used for the purpose of complying with EU, U.S. or other international law or regulations.

Sustainability Strategy Pillars

We built our sustainability strategy on three pillars that align with the priorities of our company, clients, employees and communities.

Sustainable Solutions

BNY Mellon helps our clients achieve their sustainability goals through the Sustainable Solutions we deliver.

Inclusive Economies

We promote Inclusive Economies by expanding market access, bringing in diverse partners and creating socially-minded products.

Trust

We continue to earn our clients’ Trust by addressing governance and risk management and sharing what we learn on our journey so we can enable their success.

2025 Goals and Progress

We continue to report against the goals that guide our actions from 2020 to 2025. While we work toward our 2025 goals, we review the associated KPIs periodically to evaluate whether they remain relevant to current business and market conditions. Thus, we have made, and may continue to make, adjustments in our KPIs.

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Goal: Drive a culture of inclusion and advance diverse representation

Key Performance Indicators

Increase senior leadership positions held by women and ethnically and racially diverse employees with unique percentage point targets by Executive Committee member
Increase percentage of participation in E/BRGs, as evidenced by employee registered membership in at least one group, by 3% year over year, starting from the 2019 baseline year
Consistently rank among the top employers for leadership in the field of diversity, equity and inclusion

Goal: Drive a culture of high productivity, engagement and commitment to continuous learning and development to support successful leaders and managers and their teams

Key Performance Indicators

Improve manager effectiveness score by 5% year over year, as measured through Manager Upward Feedback process
Run a new company-wide employee engagement survey in 2020 to establish baseline engagement scores

GOAL: Support a culture of wellbeing through a holistic program focused on engaging employees and developing key management behaviors to decrease health risk

Goal: Leverage the company’s resources and employee talent to help significantly increase impact of community support in the regions and countries in which BNY Mellon operates

Key Performance Indicators

Direct 65% of corporate grants and sponsorship giving donations to organizations and causes that are aligned with our strategic focus of developing the workforce of the future
Facilitate 130,000+ hours of employee volunteerism annually
Increase total hours of Signature Pro Bono consulting delivered to nonprofits by 10% over the 2019 baseline year
Achieve a skillsbased volunteering target of 40% of total employee volunteer hours, ensuring that a significant portion of volunteer efforts leverage employees’ professional experience

Goal: Sustain strong global risk and compliance culture focused on risk awareness, ownership and ethical behavior

Key Performance Indicators

Drive active employee engagement and ownership of risk and compliance requirements through ongoing strategic communication and development

Goal: Continue to evolve and fortify our risk infrastructure’s integration into business-as-usual practices across the organization

Key Performance Indicators

Promote consistent and aligned utilization of the risk life cycle (identification, measurement, mitigation, monitoring) across the company as a key factor in risk/reward decisions for product, client and geography prioritization

Goal: Continually evolve business protocols to help ensure systems continuity in every jurisdiction in which we operate, and across borders

Key Performance Indicators

Expand our information security management system based on an internationally recognized specification (i.e., ISO 27001) for all critical applications and business services

Goal: Evolve business protocols to provide technology knowledge, resilience and business continuity

Key Performance Indicators

Cultivate a globally competitive level of workforce awareness concerning information systems security

Goal: As part of the director recruitment and refreshment efforts for the parent Board of Directors, continue to ensure that candidate slates include individuals with diverse backgrounds and perspectives in order to maintain the Board’s diverse composition

Key Performance Indicators

Review at least annually the diversity criteria applied by the Board in its process of evaluating the qualifications of potential candidates
Integrate into the evaluation of external search firms’ performance a review of such firms’ capabilities in developing diverse candidate pools

Goal: Formalize proactive outreach program to engage stockholders on ESG performance

Key Performance Indicators

Increase proactive engagement with top stockholders on ESG topics
Enhance integration of ESG content in public reporting, including but not limited to BNY Mellon’s Proxy materials

Goal: Provide best-in-class solutions to enable our clients to transition to more sustainable financing opportunities

Key Performance Indicators

Increase number of clients who use ESG data within Data and Analytics solutions
Demonstrate ESG thought leadership and proof points as measured by industry recognition and client satisfaction metrics

Goal: Maintain commitment to environmental sustainability, including effectively managing natural resource use

Key Performance Indicators

Reduce Scope 1 and Scope 2 GHG emissions by 20% from a 2018 base year, including data centers, utilizing methodology developed by Science-Based Targets initiative (SBTi)
Maintain carbon neutrality commitment (For Scope 1 and Scope 2 GHG emissions, including our data centers, as well as Scope 3 business travel emissions through the use of renewable energy and carbon offsets.)
Divert 80% of office waste from landfills
Target zero waste to landfills for technology equipment
Achieve paper neutrality across our operations (through the use of offsets)

Goal: Build a Supplier Diversity program that has longevity, consistent with BNY Mellon’s value proposition and diversity initiatives

Key Performance Indicators

Refine program resources to improve program processes and increase efficiencies
Implement a companywide sustainable training program on supplier diversity
Increase outreach with diverse suppliers through development and education experiences

Goal: Continue to engage with stakeholders on key regulatory and legislative issues important to BNY Mellon

Key Performance Indicators

Expand internal awareness of regulatory and legislative impacts and trends
Strategically advocate on priority legislative and regulatory issues affecting BNY Mellon

Goal: Continue the commitment to preventing modern slavery and human trafficking in our operations, supply chain and communities

Key Performance Indicators

Conduct due diligence and training practices to promote understanding of Modern Slavery Act principles