June 29, 2015

BNY Mellon Highlights 2014 Corporate Social Responsibility Achievements in Latest Report

CSR strategy pillars

In its latest Corporate Social Responsibility (CSR) report, released today, BNY Mellon highlights its ongoing progress, approach and activities related to the most important CSR topics for its business. As the investments company for the world, BNY Mellon’s global CSR strategy focuses on three areas – Market Integrity, Our People and Our World – where its resources can have the greatest impact and the firm can engage and enrich society. View the full report at www.bnymellon.com/csr.   

John Buckley, Global Head of Corporate Social Responsibility noted: “Responsibility is at the core of our business strategy and embedded in our culture. Our CSR practices promote transparency, help us earn the trust of our clients and other stakeholders, and encourage innovation for a better world.”

Highlights from the 2014 CSR Report:

Invested in Market Integrity
• One of only two U.S. diversified financial services companies listed on the 2014 Dow Jones Sustainability World Index, and one of only two S&P 500 companies with a perfect score on CDP indices for two consecutive years
• Refreshed the CSR strategy through a materiality analysis to incorporate an increased focus on risk, cultivating excellent talent, social finance and environmental management
• Reduced the amount of secured intraday credit BNY Mellon provides to dealers in connection with their tri-party repo trades through a combination of measures, which together with the technological enhancements put in place in 2014 have practically eliminated intraday credit related to tri-party repo processing
• Zero downtime at primary data centers for more than 10 years

Invested in Our People
• Delivered more than 1,000,000 hours of training, an average of 21 hours per employee, focused on risk management and manager development through BK University (BKU)
• Heightened the focus on risk culture stewardship, including compliance training via BKU, resulting in a favorable employee engagement score of 96 percent on understanding BNY Mellon’s risk framework
• Named the Anita Borg Institute’s Top Company for Women in Technology in 2015
• Received an employee engagement score of 85 percent, 3 percent higher than the financial services benchmark, related to management’s support of diversity in the workplace

Invested in Our World
• Launched two new boutique-led environmental, social and governance (ESG) products in Investment Management
• Increased the number of ESG screens in Asset Servicing by 23 percent and grew assets screened by 34 percent from 2013
• Advanced BNY Mellon’s commitment to human rights advocacy through a partnership with the United Nations Foundation to support rule of law
• Increased total company and employee cash donations in 2014 by 11 percent to $38.1 million and total employee volunteer hours contributed in 2014 by 20 percent to 127,000 hours
• Achieved a 32.4 percent  reduction in Scope 1 and 2 carbon emissions in 2014, and established a new goal to achieve a 40 percent reduction by 2020

Progress against BNY Mellon’s long-term commitments for each of its CSR priority areas can be found here.