This way, we aim to accelerate the evolution of ESG — on behalf of clients, investors, communities and all stakeholders — to make a positive impact on people and the planet.
We have adopted this Enterprise Environmental, Social and Governance (ESG) Statement to articulate how we address these responsibilities, and work to mitigate risks and capitalize on opportunities related to ESG.
Given that macroeconomic ESG drivers such as limited natural resources and growing populations are global in nature, and coupled with the increased influence of the business sector, we believe we must all put the Future FirstSM by implementing long-term thinking and growing companies responsibly.
Therefore, at BNY Mellon we start with our own ESG practices and conduct, then extend that thinking to the way we serve clients. With regard to Enterprise ESG, the following definitions guide us:
- Environmental: we’re committed to the efficient use of natural resources, mitigating climate-related risks, and leveraging innovative energy solutions.
- Social: we’re dedicated to effectively managing our relationships with key stakeholders including clients, employees, regulators, suppliers and the communities in which we operate.
- Governance: we’re dedicated to operating with strong ethical business practices, fair and equitable compensation, a diversified board of directors and policies that acknowledge human rights principles.
All of these actions inform our client solutions, where we aim to help clients meet their ESG goals. As one of the world’s largest custodians, we have an unparalleled view of ESG trends and therefore, a distinctive ability to advise clients on how they may positively affect the long term. With our size, scale and significance at the heart of the financial system, we touch many points along the financial value chain — which means we’re uniquely positioned to collaborate with clients to establish market best practices and create innovative ESG solutions.
BNY Mellon is committed to addressing the key ESG factors, including climate change, that are relevant to our business and is steadfast in managing the resulting risks and opportunities. We periodically conduct an assessment to identify our most material issues, refresh our strategy and establish goals to drive action. Through formal materiality assessments, we identify ESG topics that are material to our business and engage internal and external stakeholders to ensure their input is included in our focus areas. As we work toward achieving these goals, we publicly report progress on a regular basis, generally annually, against various industry standards applicable at the corporate, global level.