The Bank of New York Mellon releases report on Corporate Social Responsibility

The Bank of New York Mellon (NYSE: BK), a global leader in asset management and securities servicing, today released its second annual Corporate Social Responsibility (CSR) report, which details the company's focus and progress on a variety of CSR programs and initiatives.

"Despite a very challenging environment, we have maintained a steadfast commitment to our corporate social responsibility goals and the promises we made to our stakeholders," said Chairman and Chief Executive Officer Robert P. Kelly. "We have a long-term, strategic focus on promoting a culture across our company that sets high standards for corporate citizenship and encourages close ties to the communities where we work and live."

The CSR report, "Focus on Sustainability," includes descriptions of the many programs and initiatives that define how the company maximizes and protects shareholder value, exceeds client expectations, builds a positive work environment for employees, sustains the environment and strengthens socially responsible supplier relationships. A few key highlights of the report include:

• Met or exceeded the Key Performance Indicator goals outlined in last year's report;
• Expanded socially responsible investments and environmental commodities market offerings;
• Improved the energy efficiency of company facilities, investing in alternative power sources such as wind and solar energy and enhancing recycling programs that reduce the amount of overall waste; and
• Strengthened the philanthropic focus to direct one-third of charitable support to organizations that help low-income individuals and families meet their most basic needs — at a time of great economic stress in communities worldwide.

To download a copy of the 2008 CSR report, visit bnymellon.com/csr.