Northern Trust's Commitment to the Sustainable Development Goals
Completes Formalizing ESG investing philosophy
Jul 31, 2018 9:05 AM ET
The report and its index provide details on the material aspects and topics that reflect economic, environmental and social impacts relevant to our business.
During 2017, we set specific key performance indicators aligned to the Sustainable Development Goals adopted by the United Nations and will continue to measure progress against these indicators.
- Core Aspects - Governance, Ethics and Operations, Responsible Sourcing and Environmental Impacts
- Employees - Global Talent Management, Diversity and Inclusion
- Shared Value - Community Development, Global Philanthropy and Volunteerism
- Sustainable Products and Services - Environmental, Social and Governance Integration, Responsible Investment Products and Services
Core Aspects
- Reduce carbon emissions by 25 percent
- Increase number of suppliers screened using environmental and social criteria
Employees
- Update and communicate global diversity and inclusion goals
- Achieve goal of 35 percent women with senior or executive vice president title in UK by December 2020 per the UK Women in Finance Charter
- Establish process to deliver on the goals of the CEO Action for Diversity & Inclusion
Shared Value
- Remain in the top quartile of charitable giving amongst our peers
- Increase volunteer hours by 5 percent each year through 2020
- Maintain outstanding CRA rating
Sustainable Products and Services
- Formalize ESG investing philosophy
- Continue to evolve proxy voting policies and practice to capture emergent ESG risks
- Increase our number of engagements with companies on ESG related issues & opportunities
