Letter from Our CEO

A statement from Todd Gibbons, Chief Executive Officer, BNY Mellon

page title

Letter from Our CEO

A statement from Todd Gibbons, Chief Executive Officer, BNY Mellon

BNY Mellon Enterprise ESG Report 2021

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The challenges facing business and society are more complex than ever. As a leading global financial institution, we believe that BNY Mellon has a significant opportunity to make a positive impact and contribute to a more sustainable future. Through our culture and purpose, and responsible business and global citizenship initiatives, we strive to be a catalyst for the betterment of our stakeholders.

It is these values that inspired us to take action in March to help those impacted by the war in Ukraine. Our employees gave generously and we matched their donations to further humanitarian efforts in the region. Along with financial contributions, our team in Poland has been providing tireless support, compassion and community to Ukrainians since the war began, assisting with refugee efforts and in many cases welcoming those in need into their homes.

This is just one example of the many ways we advanced our environmental, social and governance (ESG) efforts in 2021.

The Future FirstSM ESG framework, which was introduced last year, is another. It guides our own enterprise practices and conduct, underpins the strength of our client solutions and establishes a platform for thought leadership.

We also achieved carbon neutrality in our operations for the seventh consecutive year by reducing energy use, procuring renewable electricity through the use of RECs, the accepted market-based legal instruments that represent the rights to renewable energy generation, and purchasing carbon offsets. Further, we achieved paper neutrality in our operations globally in 2021 via a certified offset program

Additionally, we introduced global caregiver leave that provides ten days of paid leave to care for immediate and extended family members.

With this report, we reaffirm our support of the Ten Principles of the United Nations Global Compact in the areas of human rights, labor, environment and anticorruption. This serves as our initial communication on progress, describing our actions to integrate the Global Compact and its principles into our strategy, culture and daily operations. Furthermore, we are committed to sharing this information in our 2022 Enterprise ESG Report, to be published next year.

This is the second year we outline progress against our Enterprise ESG goals, which we remain focused on achieving by 2025. Our ESG strategy will continue to evolve to reflect new challenges and needs. As it does, we will embrace our responsibilities, and strive to contribute to sustainable economic growth—helping to protect healthy markets, enhancing our own business resiliency, and aiming to deliver positive impact for our clients, employees, shareholders and communities.

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For Scope 1 and Scope 2 emissions, including our data centers, as well as Scope 3 business travel emissions.

 

Future First Disclosure


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