BNY Mellon Recognized for Sustainability by Two Leading Organizations
DECEMBER 22, 2020
December 22, 2020 – The Bank of New York Mellon Corporation ("BNY Mellon") announced today that it has been named to the CDP Climate Change ‘A List’ and the Dow Jones Sustainability Index (DJSI).
BNY Mellon secured a place on CDP’s Climate Change ‘A List’ for its actions to reduce emissions, mitigate climate risks, and develop new and thoughtful initiatives. BNY Mellon is one of five U.S.-based financial services companies that earned the ‘A’ grade from CDP and is the only U.S.-based financial institution to earn this ranking from CDP for eight consecutive years.
CDP’s annual disclosure and scoring process is widely recognized as the standard in corporate environmental transparency. This year, over 9,500 companies responded to the Climate Change questionnaire, and approximately 3% have achieved the ‘A List’.
BNY Mellon was also named by S&P Global as an index component of the 2020 Dow Jones Sustainability Indices (DJSI) for the seventh consecutive year. The company is included in the Dow Jones Sustainability North America Index, reinforcing the priority we place on environmental, social and governance (ESG) criteria. The index family tracks the stock performance of the world's leading companies in terms of economic, environmental and social criteria.
One of the most highly regarded global sustainability indices, the DJSI stems from the Corporate Sustainability Assessment (CSA) developed by SAM, now issued by S&P Global. This year saw the strongest level of corporate participation in the CSA – up 18.9% from 2019, with 238 companies participating for the first time.
“BNY Mellon plays a unique and important role in the functioning of the global capital markets and, given our influence, we have a responsibility to harness our resources to help meet the challenges associated with climate change,” said Emily Portney, BNY Mellon Chief Financial Officer. “We are committed to deepening our understanding of how managing and monitoring climate change affect our business and our clients, and how our business operations impact the sustainability of our planet. This commitment is part of our broader responsibility to manage our ESG performance – and we are proud to be recognized by these two leading organizations for our efforts.”
About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Sept. 30, 2020, BNY Mellon had $38.6 trillion in assets under custody and/or administration, and $2.0 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
