We remain committed to contributing to the safe and consistent functioning of the financial systems and to a sustainable world where people can succeed and economies can thrive.
Last July, I joined this great company, one with a rich history, a strong culture and an important role to play in the global financial markets. As our management team defines the next chapter for BNY Mellon, we remain committed to contributing to the safe and consistent functioning of the financial systems and to a sustainable world where people can succeed and economies can thrive.
We have built relationships over decades by standing for honesty and integrity, by providing quality services and by being there for our clients in all market scenarios. We work every day to re-earn these relationships, by striving to ensure we conduct our business according to the same values that define us.
Our business supports stability in a constantly changing world. To set a strategic direction that is sustainable for the long term, we are anticipating global trends, taking action to mitigate risks and capture opportunities. A few examples of work underway:
Our clients, many of the world’s financial industry leaders among them, are also trying to navigate these and other pressing issues. They want to partner with providers who act responsibly and can help them invest in a sustainable and inclusive future.
Today, BNY Mellon is doing that. We offer social investing tools, advisory support and investment strategies for our institutional investors, issuers, asset managers and individual clients to help them achieve their environmental, sustainable and governance (ESG) objectives. In 2017, we managed $77.2 billion in assets according to ESG values-based screens, ESG themes and impact criteria. And in Asset Servicing, the market value of portfolios we screen for ESG factors reached over $900 billion, up 23 percent from the previous 12 months and 103 percent from 2012.
We believe our actions can help drive meaningful change. Our strategy is built on three pillars reflecting the areas in which we can have the most impact:
Our commitment to responsible business is good business. It helps ensure our continued relevance is absolutely the right thing to do as a corporate citizen. And we will continue to challenge ourselves to do more.
1 Community support includes donations, grants and charitable sponsorships made by BNY Mellon and employee donations to charities that qualify for our matching program.