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BNY MellonUnited States
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Created before Nov 2016
Last update: 2022-04-05 11:54:23

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BNY Mellon headquarters in New York. Photo: Joseph via Flickr (BY NC SA 2.0)

About BNY Mellon

The Bank of New York Mellon (BNY Mellon) is an American banking and financial services company. BNY Mellon was formed in 2007 as a result of the merger of The Bank of New York and Mellon Financial Corporation. It is the oldest banking corporation in the United States, tracing its origins to the establishment of the Bank of New York in 1784. BNY Mellon provides corporate banking, investment banking and private equity services.

Website https://www.bnymellon.com
Headquarters
1 Wall Street
10286 New York
United States
CEO/chair Thomas P. Gibbons
CEO
Supervisor
Federal Reserve
Annual reports Annual report 2021
CSR Report 2020
Ownership
listed on NASDAQ OMX & NSE

BNY Mellon's shareholder structure can be accessed here.

Complaints and grievances

BNY Mellon does not operate a complaints or grievances channel for individuals or communities who might have been affected by its finance.

Related Dodgy Deals

BNY Mellon has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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Policy Assessments

Banks and Nature

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Bank of New York Mellon
2022-09-21
USA
0.7
Laggard

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0
United States
Profile
Score
Laggard
0.7
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Bank of New York Mellon's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Bank of New York Mellon's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
Bank of New York Mellon
2022-09-21
USA
0.7
Laggard

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0
United States
Profile
Score
Laggard
0.7
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Bank of New York Mellon's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
Bank of New York Mellon
2022-09-21
USA
0.7
Laggard

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0
United States
Profile
Score
Laggard
0.7
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to palm oil. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the palm oil industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Bank of New York Mellon's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

Major banks support rainforest oil project despite problems

2022-11-04 | London | AP
blog
external news
our news

Major banks support rainforest oil project despite problems

2022-11-04 | London | Washington Post/ Associated Press
blog
external news
our news

New Report: US banks and investors responsible for roughly the emissions of Russia

CAP and Sierra Club look at “financed emissions” to offer novel view of Wall Street's carbon footprint
2021-12-14 | Washington | Sierra Club
blog
external news
our news

US bank BNY Mellon cuts ties with Adani’s Carmichael coal mine

Bank says Queensland mine and rail line do not fit in with its environmental, social and governance principles
2021-11-08 | The Guardian
blog
external news
our news

Banks’ green pledges under scrutiny

Financial sector pressured to cut exposure to carbon-intensive industries
2021-11-02 | Financial Times
blog
external news
our news

Bank of New York Mellon involved in potential Adani coal deal

It has been revealed that an Australian subsidiary of Bank of New York Mellon (BNYM) could be playing a role in a new funding deal linked to Adani’s Carmichael coal project
2021-10-21 | MarketForces
blog
external news
our news

Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress

2021-08-19 | Forests & Finance
blog
external news
our news

World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds

Top investors BlackRock, Vanguard, State Street, PNB, EPF, GPIF, and KWAP all amongst lowest scoring
2021-06-08 | Forests & Finance
blog
external news
our news

Revealed: Businesses and banks behind global plastic waste crisis

Just 20 companies produce over 50 per cent of all single-use plastic - Top financial institutions enabling plastic waste identified
2021-05-18 | Minderoo Foundation
blog
external news
our news

TRT ratifica decisão liminar que obriga Eldorado a adequar jornada de trabalho de seus motoristas

2020-01-24 | Ministerio Publico do Trabalho
blog
external news
our news

Justiça condena indústria Eldorado a indenizar sociedade em R$ 2 milhões por infrações trabalhistas

2018-08-28 | Ministerio Publico do Trabalho
blog
external news
our news

Briefing to banks and potential investors on the ongoing risks and outstanding social conflicts in the palm oil agribusiness sector: Golden Agri-Resources (GAR) bond offering

Joint NGO statement
2015-04-15 | Nijmegen

Documents

Type:
Year:
annual reports
2022-04-05 00:00:00

Annual report 2021

2022-04-05 00:00:00 | BNY Mellon
csr policies
2022-02-28 00:00:00

Human rights statement

2022-02-28 00:00:00 | BNY Mellon
ngo documents
2021-12-14 00:00:00

Wall Street's carbon bubble: the global emissions of the US financial sector

2021-12-14 00:00:00 | Sierra Club, Center for American Progress
bank documents
2021-11-10 00:00:00

Considering climate

2021-11-10 00:00:00 | BNY Mellon
csr policies
2021-09-30 00:00:00

Environmental sustainability policy statement

2021-09-30 00:00:00 | BNY Mellon
ngo documents
2021-08-19 00:00:00

Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress

2021-08-19 00:00:00 | BankTrack
annual reports
2021-07-06 00:00:00

CSR Report 2020

2021-07-06 00:00:00 | BNY Mellon
ngo documents
2021-06-23 00:00:00

Forests & Finance 2021 Briefing - Is Your Money Destroying Rainforests or Violating Rights?

2021-06-23 00:00:00 | Forests and Finance
annual reports
2021-04-13 00:00:00

Annual report 2020

2021-04-13 00:00:00 | BNY Mellon
annual reports
2020-07-01 00:00:00

CSR report 2019

2020-07-01 00:00:00 | BNY Mellon
annual reports
2020-05-12 00:00:00

Annual report 2019

2020-05-12 00:00:00 | BNY Mellon
ngo documents
2020-03-12 00:00:00

Open Letter to Sappi CEO

2020-03-12 00:00:00 | GeaSphere
ngo documents
2020-02-29 00:00:00

Briefing: why Blackrock should divest from biomass

2020-02-29 00:00:00 | Biofuelwatch
annual reports
2019-05-14 00:00:00

Annual report 2018

2019-05-14 00:00:00 | BNY Mellon
csr policies
2019-03-31 00:00:00

Anti-money laundering policy

2019-03-31 00:00:00 | BNY Mellon
csr policies
2019-02-11 00:00:00

Modern slavery act statement

2019-02-11 00:00:00 | BNY Mellon
csr policies
2018-11-19 00:00:00

Supplier code of conduct

2018-11-19 00:00:00 | BNY Mellon
csr policies
2018-09-30 00:00:00

Code of conduct

2018-09-30 00:00:00 | BNY Mellon
annual reports
2018-05-01 00:00:00

Annual report 2017

2018-05-01 00:00:00 | BNY Mellon
annual reports
2018-05-01 00:00:00

CSR report 2017

2018-05-01 00:00:00 | BNY Mellon
company documents
2015-04-16 00:00:00

Response to press release by NGOs issued on 15 April 2015

2015-04-16 00:00:00 | GAR
ngo documents
2015-04-15 00:00:00

Golden Agri-Resources (GAR) bond offering

Briefing to banks and potential investors on the ongoing risks and outstanding social conflicts in the palm oil agribusiness sector
2015-04-15 00:00:00 | Joint NGO statement
annual reports
2015-04-13 00:00:00

Annual Report 2014

2015-04-13 00:00:00 | BNY Mellon
our publications
2014-04-17 00:00:00

Coal Finance Report Card 2014

Extreme Investments; Extreme Consequences
2014-04-17 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
annual reports
2014-01-01 00:00:00

CSR Report 2013

2014-01-01 00:00:00
annual reports
2014-01-01 00:00:00

Annual Report 2013

2014-01-01 00:00:00
annual reports
2013-05-29 00:00:00

CSR Report 2012

2013-05-29 00:00:00 | BNY Mellon
our publications
2013-04-29 00:00:00

Coal Finance Report Card 2013

Extreme investments - US Banks and the Coal Industry
2013-04-29 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
annual reports
2013-03-01 00:00:00

Annual Report 2012

2013-03-01 00:00:00 | BNY Mellon
ngo documents
2012-06-20 00:00:00

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin

Links

BNY Mellon's webpage on corporate social responsibility

https://www.bnymellon.com/us/en/about-us/global-impact.html

Policies

Voluntary standards

BNY Mellon has committed itself to the following voluntary standards:
  • Banking Environment Initiative
  • Business for Social Responsibility
  • Carbon Disclosure Project
  • Dow Jones Sustainability Indices
  • Global Reporting Initiative

Investment policies

BNY Mellon's webpage on corporate social responsibility can be accessed here. Although BNY Mellon hasn't signed up to the Equator Principles the bank states in 2017 CSR report: "The guidelines we require our lending professionals to follow are consistent with the Equator Principles."

Year:
csr policies
2022-02-28 00:00:00

Human rights statement

2022-02-28 00:00:00 | BNY Mellon
csr policies
2021-09-30 00:00:00

Environmental sustainability policy statement

2021-09-30 00:00:00 | BNY Mellon
csr policies
2019-03-31 00:00:00

Anti-money laundering policy

2019-03-31 00:00:00 | BNY Mellon
csr policies
2019-02-11 00:00:00

Modern slavery act statement

2019-02-11 00:00:00 | BNY Mellon
csr policies
2018-11-19 00:00:00

Supplier code of conduct

2018-11-19 00:00:00 | BNY Mellon
csr policies
2018-09-30 00:00:00

Code of conduct

2018-09-30 00:00:00 | BNY Mellon

Good moves

Year:
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