BNY Mellon

New York
Diversified Financials

Risk Level:

Rating - Caution
Medium Risk

Summary:

Bank of New York Mellon (BNY Mellon) does not have discriminatory policies against industries, ideologies, or persons. It has not publicly terminated clients due to views or beliefs. However, the bank did fire a Christian employee allegedly due to disagreements over LGBTQ issues, and the resulting lawsuit ended in a settlement. The bank has pledged to vet vendors for LGBTQ policies and does not protect its employees from viewpoint discrimination. BNY Mellon provides travel benefits for abortion for employees while promoting pronoun usage and gender identity guidelines for employees to follow. The company does not discriminate against religious charities. For these reasons, BNY Mellon receives a "Medium Risk" rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

BNY Mellon received a perfect score of 100 on the Human Rights Campaign’s Corporate Equality Index (1). Among other requirements, this means the company has pledged to vet vendors for LGBTQ policies. Additionally, a BNY Mellon recruiter claims she was fired because she publicly said that her religious beliefs prohibited her from supporting the LGBTQ community outside the workplace. BNY Mellon, however, claims she was fired for unprofessional conduct after an altercation (2). The dispute ended in a settlement in October 2021 (3). The bank does not have discriminatory bans against industries, ideologies, or persons.

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

BNY Mellon does not discriminate against religious organizations in its charitable giving (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

BNY Mellon does not protect its employees against viewpoint protection (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

BNY Mellon is a member of LGBT Great (1). The company also publishes “Transgender Guidelines” for employees to use pronouns, ask for pronouns, empower transgender employees to use restrooms and locker rooms of their choice, and provides an overview of the spectrum of gender identity, gender expression, biological sex, and sexual orientation (2).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

BNY Mellon allegedly funded a Planned Parenthood event (1). BNY Mellon also will reimburse employee expenses for out-of-state abortions (2). The company has not otherwise used corporate funds to support ideological groups hostile to freedom of expression.

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

BNY Mellon has not used its PAC donations for ideological purposes (1).

All links were last accessed and all information was updated on:
March 21, 2023

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