| Website | https://www.bnymellon.com |
| Headquarters |
1 Wall Street
10286 New York
United States
|
| CEO/chair |
Robin Vince CEO |
| Supervisor | |
| Ownership |
listed on NASDAQ OMX & NSE
BNY Mellon's shareholder structure can be accessed here. |
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.
BNY Mellon's most important commitments to sustainability can be found at the website sections listed below.
In its 2021 Annual csr report BNY Mellon states that although BNY Mellon is not an Equator Principles signatory, the bank adheres to guidelines consistent with the Equator Principles for other lending activities, such as large-scale infrastructure projects.
BNY Mellon is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of BNY Mellon's link to these deals.
BNY Mellon's policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 0.7 out of 10 and ranking it as a laggard. BNY Mellon achieved a score of 0.7 out of 10 specifically for its policies related to the beef sector and 0.7 out of 10 for its policies related to the palm oil sector. Between 2016 and 2022, BNY Mellon provided USD 120 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 394 million as of 2022. For more information, see the links below.
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:
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:
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:
BNY Mellon does not operate a complaints or grievances channel for individuals or communities who might have been affected by its finance.
This page evaluates BNY Mellon's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
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