Overall impact
C (47)

Commentary

BNY Mellon is an average overall performer. With a 'C' rating of 47.1 for overall impact (35th percentile compared to all companies), BNY Mellon ranks 14th out of 18 industry peers, behind Morgan Stanley, PNC Financial Services, Bank of Nova Scotia and 10 others, and ahead of Goldman Sachs, US Bank, JP Morgan Chase and 1 other. On top material causes for BNY Mellon's industry (Banking), BNY Mellon performs well in Reduced Green House Gas Emissions (95.3 score), Reduced Waste (90.1) and Sustainable Use of Natural Resources (95.4) and performs poorly in Free, Secure Flow of Information (22.6 score), Reduced Inequality (37.6), Terrestrial Biodiversity (17.5) and 8 other causes where it received a 'D' or 'F' score.
Impact
Peer rank
Overall impact

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Company
Founded
2007
Employees
51,800
Sector
Financials
Industry
Capital Markets
Sub-industry
Asset Management & Custody Banks
SASB industry
Commercial Banks
Headquarters
Ny, United States
Share classes
BK
Mission
To manage and service assets for financial institutions, corporations and individual investors, delivering data-driven insights and innovative solutions to complex issues and investment excellence to our clients, all of which drive long-term value for our shareholders.
Description
The Bank of New York Mellon Corporation provides a range of financial products and services in the United States and internationally. It operates through Securities Services, Market and Wealth Services, Investment and Wealth Management, and other segments. The Securities Services segment offers custody, trust and depositary, accounting, exchange-traded funds, middle-office solutions, transfer agency, services for private equity and real estate funds, foreign exchange, securities lending, liquidity/lending services, and data analytics. This segment also provides trustee, paying agency, fiduciary, escrow and other financial, issuer, and support services for brokers and investors. The Market and Wealth Services segment offers clearing and custody, investment, wealth and retirement solutions, technology and enterprise data management, trading, and prime brokerage services. This segment also provides integrated cash management solutions, including payments, foreign exchange, liquidity management, receivables processing and payables management, and trade finance as well as clearance including U.S. government and global clearing, and global collateral management such as tri-party services. The Investment and Wealth Management segment offers investment management strategies and distribution of investment products, investment management, custody, wealth and estate planning, private banking, investment, and information management services. The Other segment engages in the provision of leasing, corporate treasury, derivative and other trading, corporate and bank-owned life insurance, tax credit investment, other corporate investment, and business exit services. The company serves central banks and sovereigns, financial institutions, asset managers, insurance companies, corporations, local authorities and high net-worth individuals, and family offices. The Bank of New York Mellon Corporation was founded in 1784 and is headquartered in New York, New York.
Material causes
Ethos considers the following causes material for BNY Mellon, based on its industry sub-industry Asset Management & Custody Banks. Learn more about material causes in our methodology overview.
Not available

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