Bank of New York Mellon
Corporate Bias Rating
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Risk Level:
Summary:
Bank of New York Mellon (BNY Mellon), an American investment bank, allegedly fired a Christian employee due to disagreements over LGBTQ issues, and the resulting lawsuit ended in a settlement. The company scored a 100 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, the company increases the risk of dividing employees, alienating customers and harming shareholders. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. BNY Mellon forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. BNY Mellon provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. BNY Mellon is a signatory of the Business Roundtable's 2019 Statement on the Purpose of a Corporation, which promotes stakeholder capitalism. The company is a member of Climate Action 100+, committed to carbon neutrality by 2050. BNY Mellon’s former CEO, Thomas Gibbons, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. The company is a Bronze sponsor of Out & Equal and a member of LGBT Great. For these reasons, BNY Mellon receives a High Risk rating.
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CEO of Bank of New York Mellon
Robin Vince
Summary:
Headquartered in New York, New York, Bank of New York Mellon is a member of the Fortune 250 operating in the Diversified Financials industry. Robin Vince and Joseph J. Echevarria serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $66,900 to Republican causes and $321,851 to Democratic causes. Under their tenure, Bank of New York Mellon currently holds a 'High Risk' risk rating.
View Full Board Bias ReportPolitical Contributions of Leadership:
$66,900
$321,851
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
4/12/23 | Governance | John Chevedden | Require Shareholder Approval of Termination Pay | Against | 11.70% |
4/12/22 | Governance | Kenneth Steiner | Special Meetings - Reduce Ownership Req. to 10% | Against | 38.12% |
In the News
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