BNY Mellon Recognized for Climate Change Leadership
Named to CDP's Global 500 Climate Disclosure Leadership Index and Global 500 Climate Performance Leadership Index
Receives highest score of all financial companies in the program
NEW YORK, Sept. 13, 2013 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been recognized for its climate change leadership by being named to CDP's Global 500 Climate Disclosure Leadership Index (CDLI) and its Global 500 Climate Performance Leadership Index (CPLI). CDP is the world's only global environmental disclosure system.
BNY Mellon voluntarily reports progress to CDP, including the management of greenhouse gas emissions from its offices as well as assessing the potential risks and opportunities associated with climate change. The company received an "A" for performance and a score of 100 for disclosure, representing the highest score attained by any financial company participating in the program.
"Companies such as BNY Mellon that score highly enough to be included in the Climate Disclosure and Performance Leadership Indices are responding to the call for greater corporate climate accountability," said Paul Simpson, chief executive officer of CDP. "They have demonstrated leading practice for the measurement of greenhouse gas emissions and energy use and transparency of their climate change strategy."
Compiled by PwC on behalf of CDP and its 722 investors representing US$87 trillion in assets, the indices highlight those companies listed on the FTSE Global Equity Index Series (Global 500) that have displayed a strong approach to the disclosure of information regarding climate change. Companies are scored out of a possible 100 on the completeness and standard of their submissions. The minimum score to become part of the Leadership indices continues to rise year-over-year, and now stands at 97 as understanding of the need for climate transparency has increased.
"We are honored that our team's collective efforts across the globe have resulted in excellence for both performance and disclosure, reinforcing our commitment to corporate social responsibility and market integrity," said Richard Brueckner, BNY Mellon's chief of staff. "Investors look at CDP as the benchmark for environmental stewardship. Long-term energy management programs and comprehensive operational efficiency strategies are helping companies take action against climate change and climate change risks."
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 management and investment services in 35 countries and more than 100 markets. As of June 30, 2013, BNY Mellon had $26.2 trillion in assets under custody and/or administration, and $1.4 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/csr, or follow us on Twitter @BNYMellon.
CDP, formerly known as the Carbon Disclosure Project is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 722 institutional investors with assets of US$87 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdp.net or follow us @CDP to find out more. Click here for a copy of the CDP Global 500 Climate Change Report 2013.
SOURCE BNY Mellon