The Bank of New York Mellon Corporation (2014 – Present)

The Bank of New York Mellon Corporation (“BNY Mellon”) is a leading global financial services company that provides investment management, investment services and wealth management to institutions and individuals worldwide.

Trian announced its investment in BNY Mellon in June 2014, believing there was a meaningful opportunity to reduce costs, streamline corporate structure, set measurable targets for growth investments, and enhance corporate governance.

In December 2014, Ed Garden joined BNY Mellon’s Board of Directors and is currently the chair of the Human Resources and Compensation Committee and a member of the Corporate Governance, Nominating and Social Responsibility Committee, Finance Committee and Risk Committee.

Trian looks forward to continuing to work constructively with BNY Chairman and CEO, Charles W. Scharf, his leadership team and the board to help the company achieve best-in-class financial performance and unlock shareholder value.

Sector: Financial

Fun Fact: Founded by U.S. Founding Father Alexander Hamilton, The Bank of New York was the first corporate stock to be listed on the New York Stock Exchange in 1792

Company Website:

ESG Highlights

  • Board RefreshmentBNY Mellon has appointed eight new directors from August 2014 through April 2018 and, absent exceptional circumstances, the company’s Corporate Governance Guidelines require rotation of the Lead Director and all Committee Chairmen at five-year intervals
  • Favorable ISS Governance ScoreReceived a 2 on ISS’s QualityScore metric (as of March 1, 2019), the second-highest possible score (out of 10)
  • ESG IndexIn 2018, BNY Mellon has maintained its leadership status in corporate social responsibility (CSR), appearing as the only U.S. diversified financial company on the Dow Jones Sustainability World Index (DJSI World) for the fifth consecutive year, and appearing on the North America Index for the sixth consecutive year
  • Climate Change AgendaSince 2015, BNY Mellon has been a carbon neutral company. This was accomplished by reducing traditional energy usage, utilizing renewable resources (100% renewable electricity purchased) and purchasing carbon offsets. GHG emissions reduced by 52% since 2008, exceeding its 2020 goal. Since 2015, water usage has been reduced by 11%
  • Diversity: 35% of U.S. workforce are from diverse ethnic/racial backgrounds and 45% of U.S. workforce are women (for calendar year 2017)
  • Reduced Paper UseThrough its PaperWise and Managed Print programs, paper purchases were reduced by 61% from 2010 to 2015, and deleted, eliminated or avoided 366 million pages since 2012

For more information on ESG initiatives at BNY Mellon, please visit

Trian Board Member