Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 39

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 39
---
 on strategy execution and regulatory implementation.Spotlight on Climate and Environmental SustainabilityAcross our company, we implement a range of initiatives that promote environmental sustainability.•In 2023, we met our commitment to maintain carbon neutrality in our operations on an annual basis, which we have done successfully for nine consecutive years by reducing energy consumption through investments in energy efficiency, procuring renewable electricity, and purchasing carbon offsets to compensate for any remaining emissions from our global real estate and data center footprint. In 2019, we set a series of targets for 2025 in the categories of waste, paper and water. We will share our final progress toward these targets in the 2024 Sustainability Report. In 2024, we successfully diverted 81% of office waste from landfills (targeting 80% by 2025), met our target of diverting 100% of technology waste from landfills, maintained paper neutrality globally, and reduced total water consumption by 41% (relative to a 2015 baseline).•In 2019 we also committed to reduce our Scope 1 and 2 greenhouse gas (GHG) emissions by 20% by 2025 relative to a 2018 baseline, consistent with a maximum temperate rise of 2oC. We achieved 20% reduction for the first time in 2020 and have maintained or exceeded the reduction target in each year since, with 31% reduction relative to our 2018 baseline at year-end 2023. We conducted an in-depth review in 2023 and we are now working towards delivering GHG emissions reductions in relevant areas of our Scope 1 and Scope 2 operational emissions and Scope 3 financed emissions consistent with 1.5oC pathways by 2030. This approach reflects our commitment to resiliency and sustainability across our business activities and operations, that is grounded on data, analysis and execution.•In addition, we continued to build on our progress in 2023 and further evolved our global climate strategy to meet the expanded mandate of BNY Sustainability and changing regulatory obligations. We introduced new enterprise climate goals, pillars and focus areas. This strategy continues to strengthen our ability to integrate climate change as a strategic consideration into our business operations and to incorporate climate-related risk into our enterprise risk management approach, while promoting transparency through stakeholder engagement, reporting and disclosure.BNY 2025 PROXY STATEMENT 35

## ITEM 1. ELECTION OF DIRECTORSCorporate Governance and Board InformationSpotlight on Inclusive Economy