BNY MELLON ENTERPRISE ESG 37 CULTURE AND PURPOSE In 2021, surpassing our KPI for strategic alignment of our corporate giving, we devoted a majority of our corporate grant funding to realize our strategy of building the workforce of the future in three primary areas. Link connects individuals from diverse backgrounds with innovative job training and skills, Learn provides equitable educational access through scholarships and paid internships, and Lift addresses racial and economic disparities and empowers communities to realize their potential in the future workforce and economy. Now in the third year of our $20 million commitment to fund the future workforce, we can report on the early impact of this bold initiative, which aims to create career pathways in business, technology and STEM. LINK In order to link diverse talent with innovative pathways to enduring careers, we direct funding to programs around the world that promote flexible educational opportunities that individuals can adapt to their availability, learning styles and professional needs. Examples of investments in this area include: • Pursuit, an intensive technology training program for high-need, high-potential individuals with no formal training in technology that has propelled diverse graduates into well-paying tech jobs • No-cost comprehensive technical training at Per Scholas — where 87% of participants are people of color — helping to close the tech skills divide • Jewish Vocational Service Bridges to College & Careers Business/Technology pathway, which helps students from diverse communities gain the necessary skills to find employment and build careers, while partnering with employers to hire, develop and retain a productive workforce • A grant to The Advance Leadership Institute to strengthen the institute’s programming and operations, including its Executive Leadership Academy, which cultivates Black leadership and fosters inclusion for companies, institutions and communities • Gen-E 2021, Europe’s largest festival for youth entrepreneurship, where 370,000 young entrepreneurs competed to become Company and Start Up of the Year We also seek to advance the field through thought leadership and capacity building. To that end, research facilitated by BNY Mellon through the Sutton Trust identified key barriers to a more diverse tech workforce and helped to refine its pathways to professions. And BNY Mellon funding and professional guidance created a faculty development program to enrich technology education for faculty members from engineering schools and polytechnics across India. LEARN In order to provide equitable access for individuals seeking to enter business, technology and STEM, we invest in the educational success of underserved populations. Our multiyear commitment to STEM- based programming that directly benefits students at the City University of New York (CUNY) and the Community College of Allegheny County (CCAC) is a cornerstone of the firm’s commitment to developing and investing in tomorrow’s talent. With BNY Mellon’s financial support, CUNY launched the NYC Future of Work Initiative providing education and training for high- demand jobs and expanded the BNY Mellon Transfer Scholarship program, which since its fall 2019 inception has supported associate degree earners who have transferred into a CUNY senior college to pursue their bachelor’s degrees. In addition, the firm’s investments have enabled CCAC’s BNY Mellon Early College in High School program to expand to include all schools and school districts in Allegheny County to provide even broader access to quality education. Students are able to earn a high school diploma as well as specialized certification(s) or an associate degree in a specified discipline. The program offers career pathways in business, accounting, information technology and digital support to underrepresented students in partnership with local school districts. In addition to the virtual campus, all students can access any of CCAC’s four campuses and four neighborhood centers to use the resources at those locations. Learn more in Cultivating Technology Talent .
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