A message to stakeholders from Kim Evans and Mike O’Grady of Northern Trust

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Posted 27 minutes ago

Proposed by Northern Trust Company

Originally published in Northern Trust’s 2021 Sustainability Report

To our stakeholders:

For many years, organizations and individuals have been increasingly using the term “sustainability”, each with their own idea of ​​what it means. At Northern Trust, we believe that building a sustainable world means striving to meet the needs of the current generation while ensuring the ability of future generations to follow suit.

These needs, of course, are manifold. As we fulfill our mission to be our customers’ most trusted financial partner, we are mindful of our impact on the environment, as well as the long-term well-being of our employees, customers, shareholders and communities in which we live and work. . Essentially, sustainability refers to examining a company’s long-term value proposition and its impact on the world from a people, planet and profit perspective.

With this broader vision in mind, we extend our heritage founded on principles of customer focus, deep expertise and commitment to integrity by integrating environmental, social and governance considerations into how we operate. as a business and as citizens in the wider global community.

We have transformed our corporate social responsibility report into a sustainability report to better reflect a more holistic view of the work ahead of us. In 2021, we made progress in promoting and facilitating professional and leadership development programs, celebrating diversity, increasing volunteer efforts, improving our environmental reporting and setting emissions targets, all to improve the way we interact with all of our stakeholders and improve their future. .

During the year, we developed a Risk Climate Caucus and committed to being zero carbon by 2050. We also looked beyond ourselves and extended this thinking to our customers, launching eight new exchange-traded funds that use the Northern Trust ESG Vector Score™. to assess climate risk.

The environmental, social and governance (ESG) reporting services we offer give clients a real view of the ESG exposures of their portfolios by providing transparency on ESG-labeled products. This helps them better understand how they stack up against the broader investment universe and how aligning their portfolios with their values ​​can impact their risk factors and ability to achieve their financial goals. We have also added Climate Focus to our ESG Insights, which are aligned with the Task Force on Climate-Related Financial Disclosures framework, to help clients monitor and disclose climate risk exposures.

But what’s the point of preserving the environment if we don’t help the people who live there? After all, our business was built on an enduring commitment to service. In 2021, we provided approximately $236 million directly to underserved communities through community investments and charitable grants. We also continued our efforts internally to create a diverse and inclusive workplace where people from all walks of life are respected and valued. Our diversity goals are incorporated into the performance expectations of managers and senior managers and form part of their overall performance assessment.

These refined priorities are designed to enhance our employee experiences and support how our ESG initiatives further position Northern Trust for long-term profitable growth. With the global landscape changing so rapidly, we are adding new tactics to drive measurable results that:

  • Advancing Sustainability
  • Strengthen inclusion
  • Social Impact Champion

But it does not stop there. We have integrated these ideas into all business practices, including the launch of Business Diversity360 in 2021, a program that helps us take a holistic look at the diversity of our suppliers, going beyond ownership to examine the diversity of their workforces, their boards of directors and more. .

Although we have made significant progress, we will continue to build on the momentum towards achieving our Sustainable Development Goals. No tactic is a panacea; sustainability is a long-term philosophy rather than a short-term program.

We invite you to learn more about this progress in our 2021 Sustainability Report and continue to follow our sustainability efforts on our website.

Kim Evans
Entrepreneur
Sustainability, Inclusion and Social Impact, Northern Trust

Mike O’Grady
President and
Chief executive officer,
Northern Trust

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Northern Trust Company

Northern Trust Company

Northern Trust is a leading provider of asset servicing, fund administration, investment management, banking and fiduciary solutions for corporations, institutions and high net worth individuals worldwide.

Since 1889, when Northern Trust was founded in Chicago, we have aligned our efforts with our three enduring guiding principles: Service, Expertise and Integrity. Together, they reflect the three cornerstones of doing business that we strive to instill in our employees, whom we call partners, and deliver to our customers and the communities we serve around the world.

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