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.

From December 2014 to June 10, 2019, Ed Garden served on the BNY Mellon’s Board of Directors. During his tenure, Ed was the chair of the Human Resources and Compensation Committee served as a member of the Corporate Governance, Nominating and Social Responsibility Committee, the Finance Committee and the Risk Committee. Ed worked closely with BNY Mellon’s leadership team and board to help the company improve financial performance and unlock shareholder value.

Ed Garden resigned from the BNY Mellon Board to devote more time to current and future board positions. Trian remains a BNY Mellon shareholder.

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 9 new directors from August 2014 through April 2019 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 1 on ISS’s QualityScore metric for Governance, Environment and Social (as of May 15, 2019), the 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 5th consecutive year, and appearing on the North America Index for the 6th 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: 33% of U.S. workforce are from diverse ethnic/racial backgrounds and 45% of U.S. work-force are women, including 27% of those at Director level or above (for calendar year 2017)
  • Reduced Paper UseBNY Mellon deleted, eliminated or avoided printing 366 million paper pages since 2012 and 37 million in 2017.  In 2017, the company also planted 51,000 trees
  • Responsible Supply ChainBNY Mellon’s Supply Chain Responsibility Program demonstrates the company’s commitment to diverse suppliers. BNY Mellon works closely with its diverse suppliers to expand their opportunities with the company, providing guidance and support as needed

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

Former Trian Board Member