The Carbon Impact of Investor Relations Activity
The Carbon Impact of Investor Relations Activity
September 1, 2021
Based on an analysis of IR travel from BNY Mellon's Global IR Survey data, we provide insight into the carbon impact of IR activity. As IR teams resume planning travel in the new “normal,” disclosing and offsetting the carbon impact of IR activities can demonstrate transparency and environmental responsibility.
Are you an explainable AI company that we should know about?
Learn More [link to accelerator program page]
Interested in learning more about emerging technologies for the financial services industry?
Sign-up for The Quarterly Update
We constructed four hypothetical IR teams, reviewed the possible impact of their pre-pandemic IR travel and estimated how much that would cost to offset
- Using the travel reported by participants in the 2019 BNY Mellon Global IR Survey, we estimated the distance of air travel and nights of hotel occupancy of each team pre-pandemic
- We then estimated the related carbon impact according to market sources
- Our estimates and discussion on mitigation strategies include one U.S. and three Non-U.S. teams, making these results applicable globally
What Global IR Teams Would Spend on Carbon Offsets for Travel
Based on travel reported by participants in the 2019 BNY Mellon Global IR Survey1
There is an opportunity for IR teams to manage their travel schedules to reduce their overall environmental impact alongside any carbon offsets that they purchase. As more companies make net-zero commitments and work towards greater transparency around ESG issues, the Investor Relations team can lead the way to set an example for investors and the rest of the company.
12019 BNY Mellon Global Investor Relations Survey data.
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 June 30, 2021, BNY Mellon had $45.0 trillion in assets under custody and/or administration, and $2.3 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 awww.bnymellon.com/newsroom for the latest company news.
This document, which may be considered advertising, is for general information and reference purposes only and is not intended to provide legal, tax, accounting, investment, financial or other professional advice on any matter, and is not to be used as such. BNY Mellon does not warrant or guarantee the accuracy or completeness of, nor undertake to update or amend the information or data contained herein. We expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon any of this information or data. We provide no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. If distributed in the UK or EMEA, this document may be a financial promotion and is for distribution only to persons to whom it may be communicated without breach of applicable law.
This document is not intended for distribution to, or use by, any person or entity in any jurisdiction in which such distribution or use would be contrary to local law or regulation. Similarly, this document may not be distributed or used for the purpose of offers or solicitations in any jurisdiction or in any circumstances in which such offers or solicitations are unlawful or not authorized, or where there would be, by virtue of such distribution, new or additional registration requirements. Persons into whose possession this document comes are required to inform themselves about and to observe any restrictions that apply to the distribution of this document in their jurisdiction. The information contained in this document is for use by wholesale clients only and is not to be relied upon by retail clients. BNY Mellon has various subsidiaries, affiliates, branches and representative offices in the Asia Pacific Region that are subject to regulation by the relevant local regulator in that jurisdiction. We wish to inform you that whilst The Bank of New York Mellon (“BNY Mellon”) is authorized to provided financial services in Australia, it is exempt from the requirement to hold, and does not hold, an Australian financial services license as issued by the Australian Securities and Investments Commission under the Corporations Act 2001 (Cth) in respect of the financial services provided by it to persons in Australia. BNY Mellon is regulated by the New York State Department of Financial Services and the US Federal Reserve under Chapter 2 of the Consolidated Laws, The Banking Law enacted April 16, 1914, in the State of New York, which differs from Australian laws. Not all products and services are offered in all locations. This material may not be reproduced or disseminated in any form without the prior written permission of BNY Mellon.
Depositary Receipts:
NOT FDIC, STATE OR FEDERAL AGENCY INSURED.
MAY LOSE VALUE. NO BANK, STATE OR FEDERAL AGENCY GUARANTEE.
Trademarks and logos belong to their respective owners.
©2021 The Bank of New York Mellon Corporation. All rights reserved.