BNY MELLON ENTERPRISE ESG 59 RESPONSIBLE BUSINESS SHARING OUR EXPERTISE BNY Mellon IM’s specialist investment firms also share their expertise in responsible and sustainable investment through reports and research on current trends and issues. Given their combined scope and scale, these firms have the ability to reach beyond our business and collaborate with our wider stakeholders (such as clients, invested entities and policymakers) to encourage broader impact. In 2021, our firms published regular insights on key trends and themes in the RI space, with many publishing annual RI reports and brochures explaining their individual RI approaches, proprietary ESG ratings systems and responses to climate risks. Reports from Newton , Insight and other firms are publicly available on the RI section of each investment firm’s website. In 2021, Walter Scott Partners released the findings of an 18-month in- depth research initiative on the long-term investment risks and opportunities of the global energy transition. Read the results in The Journey to a Carbon-Neutral Economy . Finally, our dedicated team of economists and strategists at BNY Mellon IM produced reports on RI issues, including a paper describing the investment costs and opportunities associated with the transition to net zero over the next few decades. SPOTLIGHT Advancing Sustainable Finance BNY Mellon is working with the Yale Initiative on Sustainable Finance to help the sustainable investing community chart a path forward. BNY Mellon CEO of Investment Management Hanneke Smits shared her perspectives at the initiative’s 2021 Annual Symposium, which spotlighted current insights on net zero, green bonds, growing regulatory pressures, and other emerging issues. Wealth Management BNY Mellon Wealth Management uses a goals-based approach to build portfolios that not only serve clients’ financial goals but also align with their sustainable, social and/or values-based goals. Our Wealth Management division guides clients including wealthy individuals and families, family offices, nonprofits and other institutional investors as they deploy capital across the social finance spectrum, from capital markets to philanthropy. With $321 billion in total client assets, 24 our Wealth Management Group invests across more than 50 responsible investing solutions. Investor Solutions LLC, a division of Wealth Management, provides multi-asset solutions to institutional investors. Its solutions include outsourced Chief Investment Officer (OCIO) services for retirement accounts, foundations and endowments, and family offices as well as model management, liquid alternatives and private equity. These services are increasingly focused on meeting clients’ responsible investing goals in addition to financial goals. In 2021, the Investor Solutions Manager Research team brought over 15 new RI active and passive strategies under coverage, 11 of which were added to Wealth Management’s core client investment platform. This includes the launch of its proprietary private markets impact fund, which will invest in a portfolio of underlying funds that seek both competitive private market financial returns and a measurable impact across environmental sustainability, financial inclusion and social equality. Through a newly created RI Advisory Board, Wealth Management brings together Investment team members and client-facing staff to share thought leadership and further Responsible Investment education for its employees. In 2021, Wealth Management produced thought leadership pieces on responsible investing on green investments , greenwashing , how to make an impact beyond philanthropy and impact investing . 24 Includes cus tody assets and assets under management as of December 31, 2021.