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 was asked to join 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 and Nominating, Finance and Risk Committees.

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 Refreshment: BNY Mellon has appointed 8 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
  • Director Independence: 11 out of 12 directors are independent (as of April 1, 2018)
  • Favorable ISS Governance Score: Received a 3 on ISS’s QualityScore metric (as of April 1, 2018), the third-highest possible score (out of 10)
  • Diversity: 32% of U.S. workforce are from diverse ethnic/racial backgrounds and 46% of U.S. workforce are women (for calendar year 2016)
  • Reduced Paper Use: Through its PaperWise and Managed Print programs, paper purchases were reduced by 61% from 2010 to 2015, and 330 million pages were saved from 2012 to 2016
  • Climate Change Agenda: Since 2015, BNY Mellon has been a carbon neutral company (net greenhouse gas emission of zero). Accomplished by reducing traditional energy usage, utilizing renewable resources and purchasing carbon offsets
  • ESG Index: The only U.S. diversified financial services company named to the Dow Jones Sustainability World Index for three consecutive years (as of 2016)

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

Trian Board Member