April 28, 2011

BNY Mellon's 2010 Corporate Social Responsibility Accomplishments Demonstrate Significant Progress in Business Governance, Employee Engagement, Community Investment and Environmental Stewardship

NEW YORK, April 28, 2011 — BNY Mellon, the global leader in investment management and investment services, today introduced the 2010 accomplishments of its global Corporate Social Responsibility (CSR) program. The online report, available at www.bnymellon.com/csr, offers a comprehensive, detailed accounting of the company's CSR-related programs, performance, leadership and progress, and covers strategic focus areas such as employees, community, suppliers and the environment. The 2010 reporting shows how BNY Mellon's CSR strategy and related initiatives are integral to its everyday business operations.

"Over the last few years, BNY Mellon has made clear progress as a socially responsible corporate citizen as evidenced by our 2010 CSR results and accomplishments. Through our CSR program we have adopted fairly aggressive goals relating to everything from governance to environmental sustainability and we have continued to push ourselves to do better," said Chairman and Chief Executive Officer Robert P. Kelly. "By doing business the right way, we are helping to drive an economy of responsible business practices in every market in which we operate."

"While our CSR initiatives continue to evolve and, in many cases, intensify, our overriding goal remains the same: to choose where we can make a strong, positive impact on the world – and then make the most of that impact," said Jeep Bryant, BNY Mellon Chief Corporate Affairs Officer.

Through examples and analysis which closely connect with guidelines established by the Global Reporting Initiative (GRI), the 2010 reporting shows how the company's comprehensive policies, strategies, and governance actions are applicable globally and regionally. BNY Mellon has monitored and measured the impact and effectiveness of its initiatives, with notable successes in 2010 including:

  • maintaining top rankings for client service and minimizing the impact of credit volatility;
  • completing 1.3 million hours of training, or roughly 30 hours per employee;
  • launching a six-year, $6 million global workforce development initiative to help vulnerable youth make the transition into adulthood;
  • increasing participation in the company's award-winning Community Partnership program to 20,000 employees;
  • sourcing 27 percent of competitively bid contracts to businesses in the company's Supplier Development Program, with 12 percent awarded to women- and minority-owned firms;
  • reducing the company's carbon footprint while also generating annual cost savings of $3 million from energy efficiency efforts; and
  • instituting a CSR Council of senior managers to help drive the company's efforts forward, with oversight from the CSR Committee of the Board of Directors.

To view the full 2010 CSR report, a condensed highlights report or customized reports for BNY Mellon's major global employment regions, visit bnymellon.com/csr.  

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets.  BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team.  It has $25.5 trillion in assets under custody and administration and $1.2 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day.  BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com.