BNY Publishes Annual Sustainability Report

JULY 23, 2024

Today, BNY launched its 2023 Sustainability Report, highlighting progress made on advancing the sustainability of our operations, helping our clients and partners meet their own sustainability objectives and building a more inclusive economy.

Explore BNY's 2023 Sustainability Report to learn more.

"Resilience is embedded in our culture at BNY, and we have increased our focus on sustainability to reinforce that mission for our company, our clients' portfolios and the economy as a whole," said Meaghan Muldoon, Chief Sustainability Officer at BNY. "Being client-led is central to our business and, as part of those efforts, we are giving clients the tools and data to make the best possible decisions on a range of issues and sustainability objectives."

Highlights of the 2023 report include: 

• An Inclusive Economy: conducting a historic $500 million debt offering in BNY notes led entirely by minority, veteran- and woman-owned firms as joint bookrunners.

• Sustainable Solutions: turning liquidity into impact with an innovative investment solution, SPARK^SM shares that empowers clients to align their liquidity investments with philanthropic goals.

• Trust: leading in board diversity with 45% female directors and 27% directors diverse based on race or ethnicity.

• Environment: greenhouse gas reduction targets in relevant areas of our Scope 1 and Scope 2 operational emissions and Scope 3 financed emissions.

• People & Communities: granting shares to 45,000 BNY employees who didn't previously receive stock as part of their compensation through the BK Shares program - furthering our culture of ownership and accountability across our company while enabling our people to participate in the capital markets they help serve.

BNY's report is guided by the Global Reporting Initiative (GRI) Standards, the Task Force on Climate-related Financial Disclosures (TCFD) framework, and relevant sector standards from the Sustainability Accounting Standards Board (SASB).