BNY Mellon
Sorry, we don't know enough about BNY Mellon yet.
BNY Mellon is primarily an investment manager but also has lending activities.
The bank does not provide sufficient information on its lending practices, so we can only conclude that the bank lends to fossil fuel companies. The bank does not have an exclusion policy for lending and its exclusion policy for investments covers thermal coal only. Such policy is inadequate.
15% of its corporate lending at the end of 2023 was to other banks, many of which we have rated by us as Bad. It has not measured greenhouse has emissions enabled by its lending.
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