BNY MELLON ENTERPRISE ESG 48 RESPONSIBLE BUSINESS Climate Change-Driven and ESG Risks Because climate-related changes and events can directly impact the company’s operations, BNY Mellon is committed to understanding and addressing the risks to it posed by climate change. In 2021 we enhanced global risk frameworks to incorporate the identification and assessment of climate-related physical and transition risks as a risk driver. BNY Mellon is also acutely aware of the broader implications of ESG risks. We plan to expand our focus on climate risk to other aspects of environmental risks. In addition, BNY Mellon is further evaluating development opportunities in risk management approaches to social and governance considerations. Accordingly, we plan to further incorporate broader ESG risk considerations into our global Risk and Compliance frameworks as applicable. Learn more in Managing Climate Change Locate other climate change-related topics through our TCFD Index . STRONG GOVERNANCE We believe that the strength of BNY Mellon’s business reflects the high standards set by our governance structure. This structure, which provides guidance in managing the company from the Board down, is designed to benefit all of our stakeholders, including our stockholders, clients, employees and communities. Our corporate governance practices have enabled achievements in areas such as Board oversight of corporate culture, human capital management, and director recruitment efforts aimed, in part, at enhancing board ethnic and racial diversity. Effective internal governance and disclosures about the role of management and the Board in a variety of other areas, including technology resiliency and climate-related risk management, are significant for shaping expectations of investors, asset managers and the broader community. Our Opportunity and Approach Strong governance practices position BNY Mellon to provide quality services to clients in all market scenarios and conduct business with excellence and integrity. Our culture of integrity and accountability is underpinned by our practices, guidelines and policies. We are committed to operating with strong ethical business practices, fair and equitable compensation, a diversified board of directors, and transparency. We endeavor to provide regular and clear communication to our stakeholders on the topics that are important to them.