CHICAGO--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) has released its latest Corporate Social Responsibility (CSR) report, highlighting achievements and ongoing efforts across four key priority areas – core assets, employees, shared value, and sustainable products and services – during the fiscal year ending December 31, 2018.
“Corporate responsibility is an essential element of our culture and underpins our enduring principles of service, expertise and integrity,” said Michael O’Grady, Chairman and Chief Executive Officer of Northern Trust Corporation. “Our annual CSR report shows significant progress by Northern Trust as a responsible steward and focuses our efforts on achieving greater value for all of our stakeholders.”
“Northern Trust reached notable milestones in 2018 while pursuing new initiatives to support our strategic priorities,” said Connie Lindsey, head of Corporate Social Responsibility and Global Diversity & Inclusion at Northern Trust. “We surpassed our 2020 goal for reducing carbon emissions, including the achievement of 100 percent renewable electricity usage at two UK bank locations. Northern Trust was also a founding member of The Diversity Project, an initiative by the trade association NICSA focused on increasing diversity in the asset management industry. And we released our first Stewardship Report on Proxy Engagements.”
Other achievements worldwide include:
- #1 ranking on Forbes list for America’s Best Companies on Diversity.
- Inclusion in the inaugural year of the Bloomberg Gender Equality Index.
- Invested $1.3 billion in new community development and maintained “Outstanding” rating under the Community Reinvestment Act (CRA) for 24th consecutive year.
- Launched Greater Good employee volunteerism campaign as part of nearly 120,000 hours of volunteer service by Northern Trust employees.
- Northern Engage360 Fund (NENGX), and two other ESG equity funds launched as part of Northern Trust Asset Management’s $80.8 billion AUM in ESG strategies globally.
Northern Trust is a member of the Global Reporting Initiative’s Standards Pioneer Program, and this is the ninth year Northern Trust has used the Global Reporting Initiative (GRI) framework for its CSR report. This report has been prepared in accordance with the GRI Standards: Core option.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 20 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2019, Northern Trust had assets under custody/administration of US$11.3 trillion, and assets under management of US$1.2 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Please read our global and regulatory information