Bank of New York Mellon (BNY Mellon)

New York, New York
Diversified Financials

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

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 on the 2023 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. The company is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. BNY Mellon is a member of Climate Action 100+, committed to carbon neutrality by 2050. 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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Board Bias

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CEO of Bank of New York Mellon (BNY Mellon)

Robin Vince

Robin Vince

Summary:

Headquartered in New York, New York, Bank of New York Mellon (BNY 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 $38,550 to Republican causes and $202,480 to Democratic causes. Under their tenure, Bank of New York Mellon (BNY Mellon) currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$38,550

$202,480

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
4/12/23GovernanceJohn CheveddenRequire Shareholder Approval of Termination PayAgainst11.70%
4/12/22GovernanceKenneth SteinerSpecial Meetings - Reduce Ownership Req. to 10%Against38.12%
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