Enterprise ESG Strategy

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Enterprise ESG Strategy

June 2021

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BNY Mellon is committed to using our reach, market influence and resources to help address pressing global environmental, social and governance (ESG) issues.

Enterprise ESG Strategy Pillars

 

We built our Enterprise ESG strategy on three pillars that correspond with what is currently most relevant to the company and our clients, employees, communities and society.

CULTURE AND PURPOSE

Diversity, Equity & Inclusion

Leadership & Development

Employee Engageents & Wellbeing

RESPONSIBLE BUSINESS

Risk Management

Technology

Governance

ESG Client Solutions

GLOBAL CITIZENSHIP

Environmental Sustainability

Supply Chain

Public Policy

Human Rights

Business concept - high speed abstract MRT track of motion light for background in tokyo, japan

Culture and Purpose

 

Together, our purpose and values drive our culture, which is built on our commitment to diversity, equity and inclusion, leadership and development, employee engagement and wellbeing and community partnership.

ACHIEVED A PERFECT SCORE

Achieved a perfect score on the Corporate Equality Index for LGBTQ workplace equality, Human Rights Campaign Foundation.

By the Numbers

  • $34.4 Million
    In total community support
  • 16 Weeks
    Company-paid parental and maternity leave in all countries

Responsible Business

 

We believe responsible business is simply good business. As a major global financial institution, we have an important role to play in contributing to market integrity.

TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES

Published our Considering Climate at BNY Mellon report in response to Task Force on Climate related Financial Disclosures (TCFD)

By the Numbers

  • $100 Billion
    New green bond issuances administered in 2020*
  • 100 Percent
    active employees certified that they read and understood all Code of Conduct provisions
*Source: Dealogic

Global Citizenship

 

We're committed to operating responsibly and sustainably, so we integrate human rights and environmental sustainability across the business.

ACHIEVED CARBON NEUTRALITY

Achieved carbon neutrality in our operations for the sixth consecutive year

INCLUDED IN THE CDP CLIMATE CHANGE A LIST

Included in the CDP Climate Change A list for leadership in climate change performance for the eight consecutive year

The work of considering and integrating ESG issues across all levels of our enterprise extends from the highest level of leadership to every employee across the globe.

Enterprise ESG Governance Structure

Provides primary oversight of BNY Mellon’s ESG efforts. Consists of independent directors who regularly review our Enterprise ESG performance, monitor progress against long-term goals, and provide guidance to management.  Read more in the CGNSR Committee Charter.

 

Responsible for ESG progress and success; approves and monitors progress on long-term goals, anticipates market trends and future client needs, and drives business innovation.

The purpose of the Executive Committee ESG Steering Council is to establish global corporate ESG perspectives, positions and internal mandates from the top of the house. Members champion BYN Mellon’s Future FirstSM strategy both internally and externally and provide guidance on ESG-related ambitions to be cascaded to operating regions and legal entities. The Council, composed of a subset of the Executive Committee, ensures alignment and coordination of the Future FirstSM strategy among the business functions and lines of business and fields recommendations in preparation for proposals to the CEO. The Council meets as needed when pertinent topics arise.

Support and help drive the integration of global, corporate level ESG strategy throughout the business functions. Members guide the execution of Enterprise ESG strategy, which embeds an ESG lens into business functions in order to facilitate the company’s responsible and sustainable operations, to promote the company’s positive ESG reputation and foster leadership in ESG. The Council is composed of senior leaders, appointed by the Executive Committee, with high level responsibility in key functions where ESG is material for investors, clients, regulators and other key stakeholders. The Council meets quarterly.

 

Convenes ESG leaders from across BNY Mellon’s lines of business and functions with the aim to develop leading ESG solutions that address our clients’ needs. This body is designed to support our clients’ ambitions across all geographies, client segments, and industry value chains today and in future. To achieve these goals, the group works together with clients, academia, and industry trade bodies, and is supported by an Executive Committee member.

 

Leads strategy development and governance processes, provides subject matter expertise, collaborates with company functions and departments to assist in development of ESG integration initiatives, manages public reporting and disclosures related to ESG activities, facilitates external stakeholder input, and collaborates with experts and facilitates thought leadership.

 

Working Groups

TCFD Working Group

Line of business ESG Working Groups

Ad hoc as needed 

Subject Matter Experts

 

Staff across varying areas of the company who execute ESG-related policies, practices and programs. 

 

Employee Groups

Employee/Business Resource Groups (E/BRGs), sustainability ambassadors, and volunteer and philanthropic fundraising committees that support social or environmental impact initiatives.

 

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STORY 2 of 8

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