June 08, 2016

BNY Mellon Public Statement on Anti-Inclusion Legislation


Over the past several weeks, a number of state legislatures, including North Carolina (HB2) and Tennessee (HB2414 and SB2387), have passed into law or proposed bills that may curtail protections against the discrimination of lesbian, gay, bisexual or transgender (LGBT) people. In response, BNY Mellon and many other companies have signed public letters sponsored by the Human Rights Campaign voicing concern and calling for the repeal of legislation that we believe will result in discriminatory treatment of LGBT people.

BNY Mellon has a steadfast commitment to diversity and inclusion. As an employer, our success depends on the talent, skills and commitment of all employees. We believe that these talents are maximized in a business environment where every person is treated with fairness, dignity and respect.

We do not support legislation that results in discriminatory treatment of LGBT people. More broadly, we do not condone discrimination on the basis of race, religion or creed, color, sex or gender, national origin, age, family or marital status, ancestry, citizenship, genetic information, sexual orientation, gender identity, gender stereotyping, veteran or military status, being a qualified disability, or other factors covered by federal, state or local laws.

Our diversity is important to us as a company and integral to our ability to serve our clients, our communities and to grow our businesses. At the core and as an employer, BNY Mellon advocates for and actively fosters a vibrant business climate that results from the inclusion of all people.

At BNY Mellon, we are committed to improving lives through investing. We are proud to join forces with the Human Rights Campaign and our fellow signatories to oppose discrimination and stand up for equality so that all people may have the opportunity to reach their full potential.

Additional Background:

BNY Mellon has been a leading, long-time supporter of the LGBT community at the local, national and global levels. Our company added its signature to an amicus brief to the U.S. Supreme Court in full support of the principle that all U.S. couples share in the right to marry. By lending our support to these efforts, BNY Mellon reaffirmed its commitment to fostering an inclusive workplace where everybody is empowered to contribute to their fullest potential in serving our clients around the world.

Previously, our company was the first Wall Street firm to join a coalition of several hundred signatories of an amicus brief urging the U.S. Supreme Court to overturn a section of the federal Defense of Marriage Act (DOMA) that denied federal benefits and recognition to same-sex couples.

More recently, BNY Mellon signed in support of Massachusetts Bill S735 that proposed to add “gender identity” to the state’s civil rights law for public accommodations, extending protections to transgender people. Current law prohibits discrimination on the basis of age, race, creed, color, national origin, sex, sexual orientation, religion and marital status.

In 2015, more than seventy percent of Americans lived in states than sanction and recognize same-sex marriage. However, there are still at least a dozen states that continue to prohibit same-sex couples from marrying, and decline to recognize the valid, existing marriages of citizens married to a spouse of the same sex from other jurisdictions where it is legal to do so. The result is a patchwork of state laws applicable to same-sex marriage that impairs business interests and impacts employer/employee relations.

Internationally, BNY Mellon signed an open letter in support of marriage equality in Australia and the Diversity Charter Ireland to promote effective diversity and inclusion with respect to all stakeholders and the environment in which they operate. Our Hong Kong office has adopted the Code of Practice against Discrimination in Employment on the Ground of Sexual Orientation to promote equal employment opportunities among all persons, regardless of sexual orientation.