Bank of New York Mellon : 2020 Enterprise ESG Report

2020

Enterprise ESG Report

Putting the Future FirstSM

About This Report

About This Report

This is BNY Mellon's 14th report covering environmental, social and governance (ESG) topics. Our annual updates in this report are not just about our company's environmental and social impact, but also about how we view and integrate ESG considerations throughout our operations, leveraging opportunities and mitigating risks cross-functionally and across our lines of business. In recognition of our increasing focus on ESG considerations, we have transitioned from utilizing the Corporate Social Responsibility or CSR terminology, to "Enterprise ESG," the namesake of this report.

We publish our Enterprise ESG report annually, generally in the second quarter, on www.bnymellon. com/futurefirst. Unless otherwise noted, this report includes data and activities from BNY Mellon's global operations for the calendar year 2020. Unless otherwise noted, all data is as of 12/31/2020 and covers The Bank of New York Mellon Corporation and its subsidiaries. The report provides select data from past years in order to facilitate year-over-year analysis.

This report supplements information in our

2020 Annual Reportand2021 Proxy Statement.

This is our 12th report using the Global Reporting Initiative (GRI) Standards, a leading sustainability reporting framework. We prepared the report according to GRI Standards Comprehensive option. To provide transparency regarding the financial impacts of climate-related risks and opportunity, earlier this year BNY Mellon issued Considering Climate at BNY Mellon, which provides an outline of our work

in this area, and our implementation of Task Force on Climate-related Financial Disclosures (TCFD) Guidelines.

View the GRI Index on page 82.

2020 ESG Awards and Recognition

Dow Jones Sustainability North America Index (DJSI) 7 consecutive years

CDP A List for climate management leadership 8 consecutive years

FTSE4Good Global Benchmark Index 9 consecutive years

Perfect score on the Corporate Equality Index for LGBTQ workplace equality, Human Rights Campaign Foundation

14 consecutive years

Bloomberg Gender-Equality Index 6 consecutive years

BNY Mellon Awards and Recognition.

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About This Report

BNY Mellon Overview

We power individuals and institutions to succeed across the financial world.

Powering the Financial World

BNY Mellon powers the financial world and is driven to imagine what's possible, create it, then improve on it to unlock potential for all. Because the only way to ensure our clients' continued success, and that of the industry, is to search constantly, ask every question, and above all...Consider Everything.

Our Values

A Passion for Excellence, Integrity, Strength in Diversity and Courage to Lead - these values guide all of our actions. They underscore our commitment to be a client-focused, trusted financial institution driven by an empowered global team dedicated to outperforming in every market we serve.

Our History

We've been at the forefront of change in the financial world for over 230 years. We have weathered times of calm and crisis, and we have done it by adapting, refining and consistently improving our services. That spirit of discovery has enabled us to stay ahead of the curve and deliver maximum success for our clients yesterday, today and tomorrow.

Our Global Reach

Assets Under Management

$2.2* trillion

Assets Under Custody and/or Administration

$41.7* trillion

Global Reach

35 countries

37% of 2020 revenue generated outside United States

Workforce

48,500 employees

49% based outside United States

Client Franchise**

70% of Fortune 500 companies

93% of the top 100 investment managers worldwide

84% of the top 100 U.S. pension

and employee benefits plan sponsors

• As of March 31, 2021
• Fortune 500: Fortune, Time Inc. ©2020; Investment Managers, Pensions and Employee
  Benefits: Pensions & Investments, P&I Crain Communications Inc. ©2020; BNY Mellon client data as of February 2020

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About This Report

Table of Contents

Message From Our CEO	5
Our Approach											6
Powering a New Era of ESG	7
Future FirstSM ESG	8
Enterprise ESG Goals and Progress	11
Enterprise ESG Governance	14
Culture and Purpose							16
Diversity, Equity and Inclusion	17
Leadership and Development	26
Employee Engagement and Wellbeing	29
Our Community Impact	34
Responsible Business					38
Risk Management	39
Digital Transformation	47
Strong Governance	50
ESG Client Solutions	54
Global Citizenship				69
Environmental Sustainability	70
Supply Chain	74
Advocacy and Political Engagement	76
Protecting Human Rights	79
Global Reporting Initiative (GRI) Index			81
Legal Notices			103

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About This Report

Message From Our CEO

A statement from Todd Gibbons, Chief Executive Officer,

BNY Mellon

There is no question that 2020 was a year that will forever have a profound effect on society as we consider the gravity of COVID-19 and social justice movements around the globe. As we look ahead to a sustainable future, it is essential that BNY Mellon uses its reach, market influence and resources to address these, and other pressing global environmental, social and governance (ESG) issues. We will continue to work toward ensuring we have

a positive impact on society and the environment, and that we help our clients invest and operate responsibly.

In my conversations with BNY Mellon's stakeholders, including clients, investors and employees, ESG

is nearly always on the agenda. As a major global financial institution, we have touchpoints across the entire investment value chain and are therefore uniquely positioned to provide ESG solutions to serve a broad range of clients. Clients across the globe rely on our responsible investment options and advice, ESG data analytics, and end-to-end ESG financing and payments solutions to help them successfully address their ESG goals.

We are committed to putting the Future FirstSM - not just to power success today, but also to help safeguard the future. At the corporate global level, we strive to contribute to sustainable economic growth that helps protect healthy markets; enhances our own business resiliency and longevity; and aims to deliver positive impact for key stakeholders, including clients, employees, shareholders and communities. We embrace this responsibility with great accountability, transparency and integrity, and it permeates every aspect of our culture.

As I indicated in ourConsidering Climate at BNY Mellonreport, we are formalizing our process to integrate ESG, with a focus on climate change impacts, into the way we do business. This Enterprise ESG report outlines our progress toward that formalization, which began in 2020. A selection of those milestones includes:

• Incorporated ESG-related Executive Committee goals, personally by each member, into performance measures - sending a clear signal that ESG is embedded in every area of our company
• Set concrete representation goals in the U.S. to step up progress in our most underrepresented ethnic/racial talent populations (Black and Latinx) by year-end 2023
• Administered 100 new green bond issuances, totaling $38.7 billion, making us the leading trustee in green bonds by deal volume for the second consecutive year*
• Developed ourESG Data Analytics Application, a cloud-basedapp that mass-customizesinvestment portfolios to clients' individual ESG factor preferences, providing patent-pendingcrowdsourced guidance around preferred ESG factors and the materiality of specific data sets

At BNY Mellon, we are committed to operating as a sustainable, responsible company - in terms of both our own actions and how we help our clients - and we recognize we cannot do it alone. It will take all

of us, collectively, to put the Future First and help protect society and the planet for generations to come.

* Data reflective of FY 2020; Dealogic and Refinitiv

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