Company Directory - BNY Mellon Investment Servicing Trust Company
Company Details - BNY Mellon Investment Servicing Trust Company
BNY Mellon Investment Servicing Trust Company
WebsiteNew York, United States
A global investment company responsible for servicing investments and providing a range of financial services including treasury services.
CCI Score
CCI Score: BNY Mellon Investment Servicing Trust Company
6.46
Latest Event
BNY Mellon Political Lobbying Profile 2024
BNY Mellon Investment Servicing Trust Company reported $1.68M in lobbying expenditures during 2024, with significant revolving door activity linking former government employees to its lobbying efforts. Such practices raise concerns about corporate influence over democratic processes and potential complicity in authoritarian dynamics.
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OBJECTOR
BNY Mellon Investment Servicing Trust Company is currently rated as an Objector.
Latest Events
- DEC312024
BNY Mellon Investment Servicing Trust Company reported $1.68M in lobbying expenditures during 2024, with significant revolving door activity linking former government employees to its lobbying efforts. Such practices raise concerns about corporate influence over democratic processes and potential complicity in authoritarian dynamics.
-40
Political Contributions and Lobbying Efforts
March 26
The reported lobbying expenditure of $1.68M in 2024, combined with the revolving door aspect—where a significant proportion of lobbyists are former government officials—suggests that BNY Mellon is leveraging its political influence in ways that could undermine democratic accountability and support authoritarian practices.
- DEC312024
BNY Mellon Investment Servicing Trust Company was reported to have spent $1,680,000 on lobbying in 2024. This expenditure raises concerns about the company's use of financial influence to potentially skew democratic policy-making in favor of corporate interests and authoritarian-friendly policies.
-50
Political Contributions and Lobbying Efforts
March 26
The reported lobbying expenditure of $1,680,000 indicates a significant deployment of resources to influence political decision-making. This level of political spending can be interpreted as an effort to secure favorable policies that may erode democratic accountability and bolster authoritarian practices, making it a negative action from an anti-fascist perspective.
- DEC312024
BNY Mellon Investment Servicing Trust Company was reported to have spent $50,000 on lobbying activities in Q4 2024 concerning legislation affecting custody banking. Such activities raise concerns about corporate influence on regulatory policies and the potential undermining of democratic processes.
-30
Political Contributions and Lobbying Efforts
March 26
The disclosed $50,000 lobbying expenditure by BNY Mellon in Q4 2024, aimed at influencing custody banking legislation, highlights a concerning instance of corporate political behavior. From a left-leaning perspective, such activities contribute to the erosion of democratic accountability and favor policies that may support authoritarian regulatory capture.
- APR082024
BNY Mellon's 2023 Modern Slavery Statement outlines comprehensive measures to prevent modern slavery in its operations and supply chain, emphasizing fair labor practices, employee rights, and rigorous supplier due diligence.
+90
Labor Relations and Human Rights Practices
March 26
BNY Mellon's statement underscores its commitment to creating an inclusive workplace with fair wages, safe working conditions, and robust employee rights protections, aligning with high labor standards and human rights principles.
+85
Supply Chain Ethics
March 26
The statement details a rigorous approach towards supply chain due diligence including supplier code of conduct updates and continual monitoring of high-risk suppliers, reflecting strong ethical supply chain practices.
- JAN012024
BNY Mellon clarifies its approach to political engagement by relying on employee-funded Political Action Committees and strict guidelines for its trade association memberships, ensuring that membership fees are not used for election-related activities. This policy reduces direct corporate influence in electoral politics, aligning more closely with anti-fascist and democratic values.
+50
Public and Political Behavior
March 26
The article outlines BNY Mellon's political engagement strategy, emphasizing employee-funded PACs and its directive to trade associations to avoid funneling membership fees into political campaign activities. This approach limits the corporation's direct financial influence over the political process and is viewed positively from an anti-fascist perspective, as it mitigates the risk of corporate contributions supporting authoritarian practices.
- JAN012024
OpenSecrets data reveals that BNY Mellon Investment Servicing Trust Company engaged in significant political fundraising and lobbying in 2024, with contributions of $1,411,019 and lobbying expenditures of $1,680,000. This involvement raises concerns over the company’s potential influence on policy-making in ways that could undermine democratic principles and contribute to authoritarian practices.
-40
Public and Political Behavior
March 26
BNY Mellon’s reported political contributions and lobbying expenditures in 2024 suggest active involvement in financially influencing political processes. By directing over $1.4 million to campaign contributions and spending $1.68 million on lobbying, the company is engaging in practices that can bolster authoritarian policies and undermine democratic accountability. This activity is particularly concerning from a left-leaning perspective focused on preventing corporate complicity in fostering authoritarianism.
- OCT012023
In October 2023, BNY Mellon released its Human Rights Statement reaffirming its commitment to human dignity, labor rights, and ethical supply chain practices. The statement emphasizes adherence to international human rights standards and a zero-tolerance policy toward forced labor, discrimination, and other human rights abuses both internally and among its suppliers.
+80
Labor Relations and Human Rights Practices
March 26
BNY Mellon's Human Rights Statement outlines robust commitments to protecting the rights of its employees and ensuring fair labor practices. By explicitly rejecting forced labor, promoting equal opportunity, and adhering to international standards including ILO conventions and the UN Global Compact, the company sets a positive example for labor relations and human rights practices.
+80
Supply Chain Ethics
March 26
The statement demonstrates BNY Mellon's proactive approach to supply chain ethics by requiring ethical conduct from its suppliers. The adherence to international standards and active measures to combat modern slavery and human trafficking reflect a strong commitment to maintaining an ethical supply chain.
- JAN012023
BNY Mellon leverages its long-standing influence in the financial industry to shape policy through employee-funded PACs and multiple trade association memberships. While the contributions are voluntary and transparently disclosed, such practices raise concerns about corporate influence on democratic processes and regulatory outcomes.
-15
Political Contributions and Lobbying Efforts
March 26
BNY Mellon's disclosure of its political engagement activities—including operating two employee-funded PACs and active participation in influential trade associations—demonstrates a significant attempt to shape policy and industry standards. Despite adherence to legal frameworks and internal guidelines, such involvement can contribute to an imbalance in political influence, potentially undermining democratic accountability and fostering corporate interests over public welfare.
- JAN012020
BNY Mellon’s Public Policy and Government Affairs team oversees political activity and administers PACs. This measured political engagement, while standard in the financial industry, raises concerns from an anti-fascist perspective about the potential for corporate influence on policy-making that may favor authoritarian outcomes and corporate interests over public accountability.
-20
Political Contributions and Lobbying Efforts
March 26
BNY Mellon’s structured involvement in political engagement via its PAC administration signals an effort to shape policy in ways that may serve corporate interests. From an anti-fascist perspective, such political contributions and lobbying can facilitate an environment where authoritarian-friendly policies are advanced, potentially subverting democratic accountability.
- DEC312019
BNY Mellon released its Modern Slavery Act 2019 statement, detailing its commitment to preventing modern slavery and human trafficking within its operations and supply chains. The company's robust Human Rights policies and enhanced Supplier Code of Conduct demonstrate a proactive approach to protecting labor rights and ensuring ethical sourcing.
+80
Labor Relations and Human Rights Practices
April 27
BNY Mellon demonstrates a strong commitment to labor relations and human rights through its comprehensive Human Rights Statement, Employee Code of Conduct, and mandatory training that address modern slavery and human trafficking risks. These measures indicate a positive stance against authoritarian exploitation of labor.
+85
Supply Chain Ethics
April 27
The company has taken significant measures to enhance its Supplier Code of Conduct, ensuring that vendors adhere to strict ethical guidelines and comply with laws against forced labor, modern slavery, and human trafficking. This proactive approach in its supply chain practices supports ethical business standards.
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