Bank of New York Mellon

Overall approach

0/10
- Overarching commitment on deforestation
  
  0/6
- Deforestation as a business risk
  
  0/2
- Target to reduce emissions in scope 1/2
- Company must have anti-corruption policy
  
  0/2
Commodity score

0/90
- Beef & Leather
  
  0/90
  - Commitment Strength
    
    0/31
    - Commodity-specific deforestation financing policy
      
      0/9.6
      - Commitment details
        No commitment
        
        0/8
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must be legally operated
      
      0/4.6
      - Commitment details
        No commitment
        
        0/3
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must monitor operations
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must conduct risk assessments
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must specify a cut-off date
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
  - Social Considerations
    
    0/27
    - Company must ensure Free, Prior and Informed Consent
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must have a grievance mechanism
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must respect labour rights
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must address gender equality issues
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must encourage the inclusion of small-scale farmers
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must resolve land conflicts
      
      0/1.6
      - Commitment details
        No
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
  - Reporting and Implementation
    
    0/31
    - Commitments must be timebound
      No
      
      0/5
    - Companies must disclose subsidiaries in commodity supply chains
      No
      
      0/4
    - Companies must disclose locations
      No
      
      0/4
    - Policy is reviewed and updated
      No
      
      0/2
    - Monitoring and non-compliance process
      No
      
      0/5
    - Engagement with non-compliant companies
      No
      
      0/5
    - Reporting on implementation of the policy
      No
      
      0/6
    - Ethical product in portfolio
      No
- Palm oil
  
  0/90
  - Commitment Strength
    
    0/31
    - Commodity-specific deforestation financing policy
      
      0/9.6
      - Commitment details
        No commitment
        
        0/8
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must be legally operated
      
      0/4.6
      - Commitment details
        No commitment
        
        0/3
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must monitor operations
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must conduct risk assessments
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must specify a cut-off date
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
  - Social Considerations
    
    0/27
    - Company must ensure Free, Prior and Informed Consent
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must have a grievance mechanism
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must respect labour rights
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must address gender equality issues
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must encourage the inclusion of small-scale farmers
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must resolve land conflicts
      
      0/1.6
      - Commitment details
        No
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
  - Reporting and Implementation
    
    0/31
    - Commitments must be timebound
      No
      
      0/5
    - Companies must disclose subsidiaries in commodity supply chains
      No
      
      0/4
    - Companies must disclose locations
      No
      
      0/4
    - Policy is reviewed and updated
      No
      
      0/2
    - Monitoring and non-compliance process
      No
      
      0/5
    - Engagement with non-compliant companies
      No
      
      0/5
    - Reporting on implementation of the policy
      No
      
      0/6
    - Ethical product in portfolio
      No
- Soy
  
  0/90
  - Commitment Strength
    
    0/31
    - Commodity-specific deforestation financing policy
      
      0/9.6
      - Commitment details
        No commitment
        
        0/8
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must be legally operated
      
      0/4.6
      - Commitment details
        No commitment
        
        0/3
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must monitor operations
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must conduct risk assessments
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must specify a cut-off date
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
  - Social Considerations
    
    0/27
    - Company must ensure Free, Prior and Informed Consent
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must have a grievance mechanism
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must respect labour rights
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must address gender equality issues
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must encourage the inclusion of small-scale farmers
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must resolve land conflicts
      
      0/1.6
      - Commitment details
        No
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
  - Reporting and Implementation
    
    0/31
    - Commitments must be timebound
      No
      
      0/5
    - Companies must disclose subsidiaries in commodity supply chains
      No
      
      0/4
    - Companies must disclose locations
      No
      
      0/4
    - Policy is reviewed and updated
      No
      
      0/2
    - Monitoring and non-compliance process
      No
      
      0/5
    - Engagement with non-compliant companies
      No
      
      0/5
    - Reporting on implementation of the policy
      No
      
      0/6
    - Ethical product in portfolio
      No
- Timber, Pulp & Paper
  
  0/90
  - Commitment Strength
    
    0/31
    - Commodity-specific deforestation financing policy
      
      0/9.6
      - Commitment details
        No commitment
        
        0/8
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must be legally operated
      
      0/4.6
      - Commitment details
        No commitment
        
        0/3
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must monitor operations
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must conduct risk assessments
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must specify a cut-off date
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
  - Social Considerations
    
    0/27
    - Company must ensure Free, Prior and Informed Consent
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must have a grievance mechanism
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must respect labour rights
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Company must address gender equality issues
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must encourage the inclusion of small-scale farmers
      
      0/5.6
      - Commitment details
        No
        
        0/4
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
    - Companies must resolve land conflicts
      
      0/1.6
      - Commitment details
        No
      - Policy applies to all operations and financing
        No
        
        0/0.4
      - Policy applies to all deals
        No
        
        0/0.4
      - Policy applies to all companies
        No
        
        0/0.4
      - Policy applies to all stages of the supply chain
        None
        
        0/0.4
  - Reporting and Implementation
    
    0/31
    - Commitments must be timebound
      No
      
      0/5
    - Companies must disclose subsidiaries in commodity supply chains
      No
      
      0/4
    - Companies must disclose locations
      No
      
      0/4
    - Policy is reviewed and updated
      No
      
      0/2
    - Monitoring and non-compliance process
      No
      
      0/5
    - Engagement with non-compliant companies
      No
      
      0/5
    - Reporting on implementation of the policy
      No
      
      0/6
    - Ethical product in portfolio
      No
Commitment strength

0/31

Avg. score
Reporting and Implementation

0/31

Avg. score
Social considerations

0/28

Avg. score

Profile

Bank of New York Mellon Corp. are a financial services provider headquartered in the US serving governments, institutions, asset managers and corporate and private clients. Their services include asset and investment management, trusts, treasury services, capital markets, foreign exchange and wealth management. As of 2017, Bank of New York Mellon Corp. has 1.8 trillion USD in assets under management. They are among the top shareholders and lenders for Forest 500 companies.

United States

Financial institution type

Bank

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Full finance sector performance data Forest 500 assessment methodology

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Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.