NEW YORK and LONDON, March 12, 2012 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been added to the FTSE4Good Index Series, widely-regarded among the premier Environmental, Social and Governance indices to identify companies that meet globally recognized corporate social responsibility (CSR) standards.
"Being included in the FTSE4Good Global Benchmark Index highlights our strong CSR governance and oversight as well as our global focus on pursuing responsible business practices," said Richard Brueckner, BNY Mellon's Chief of Staff.
Launched in 2001 and used extensively by investors world-wide, the indices have contributed to the continuous improvement of responsible business practices by focusing on the importance of Environmental, Social, and Governance (ESG) factors.
The FTSE4Good Index Series is managed by the FTSE4Good Policy Committee, an independent body of experts from the fields of corporate responsibility, fund management, academia and the business community. FTSE4Good's inclusion criteria identifies corporate best practices in environmental management, climate change, human and labor rights, supply chain labor standards, and countering bribery.
BNY Mellon links CSR to business priorities, including operational reliability, good governance, risk management, stakeholder engagement, and environmental sustainability. Noteworthy examples of the company's CSR activities include:
- Contributing $100 million in corporate and employee charitable giving around the world over the past three years;
- Strong CSR governance and oversight through a CSR Committee of the Board of Directors and CSR Council of senior company leaders;
- A robust global environmental management program to ensure responsible resource management;
- Creation of a human rights statement; and
- More than 1 million hours of employee training and development annually.
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 $25.8 trillion in assets under custody and administration and $1.26 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. 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.
SOURCE BNY Mellon