Message From Our CEO

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

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Message From Our CEO

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

June 2021

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There is no question that 2020 was a year that will forever have a profound effect on society as we consider the gravity of COVID-19 and social justice movements around the globe. 

As we look ahead to a sustainable future, it is essential that BNY Mellon uses its reach, market influence and resources to address these, and other pressing global environmental, social and governance (ESG) issues. We continue to work towards ensuring we have a positive impact on society and the environment, and that we help our clients invest and operate responsibly.

 

In my conversations with BNY Mellon’s stakeholders, including clients, investors  and employees, ESG is nearly always on the agenda. As a major global financial institution, we have touchpoints across the entire investment value chain and are therefore uniquely positioned to provide ESG solutions to serve a broad range of clients. Clients across the globe rely on our responsible investment options and advice, ESG data analytics, and end-to-end ESG financing and payments solutions to help them successfully address their ESG goals.

 

We are committed to putting the Future First – not just to power success today, but to help safeguard the future. At the corporate global level, we strive to contribute to sustainable economic growth that helps protect healthy markets; enhances our own business resiliency and longevity; and aims to deliver positive impact for key stakeholders, including clients, employees, shareholders and communities. We embrace this responsibility with great accountability, transparency and integrity, and it permeates every aspect of our culture. 

At BNY Mellon, we are committed to operating as a sustainable, responsible company – in terms of both our own actions and how we help our clients – and we recognize we cannot do it alone. 

As I indicated in our Considering Climate at BNY Mellon report, we are formalizing our process to integrate ESG, with a focus on climate change impacts, into the way we do business. This Enterprise ESG report outlines our progress toward that formalization, which began in 2020. A selection of those milestones includes:

 

  • Incorporated ESG-related Executive Committee goals, personally by each member, into performance measures— sending a clear signal that ESG is embedded in every area of our company
  • Set concrete representation goals in the U.S. to step up progress in our most underrepresented ethnic/racial talent populations (Black and Latinx) by year-end 2023
  • Administered 100 new green bond issuances, totalling $38.7 billion, making us the leading trustee in green bonds by deal volume1 for the second consecutive year
  • Developed our ESG Data Analytics Application, a cloud-based app that mass-customizes investment portfolios to clients’ individual ESG factor preferences, providing patent-pending crowdsourced guidance around preferred ESG factors and the materiality of specific data sets

 

At BNY Mellon, we are committed to operating as a sustainable, responsible company – in terms of both our own actions and how we help our clients – and we recognize we cannot do it alone. It will take all of us, collectively, to put the Future First and help protect society and the planet for generations to come.

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1 Data reflective of FY 2020; Dealogic and Refinitiv

 

Future First Disclosure

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