Chicago-based financial services company Northern Trust has released its eighth Corporate Social Responsibility (CSR) report, highlighting its various achievements that include the introduction of electric cars in its India office, signing the UK’s Women in Finance charter as well as the growth of its ESG assets under management
The latest report outlines key priorities for governance, citizenship and operations, employees, shared values and sustainable products and services, said a company statement. The report highlights achievements during the fiscal year ending December 31, 2017.
“Northern Trust values CSR as an essential element of our mission and culture,” said Michael O’Grady, president and chief executive officer at Northern Trust. “Our stakeholders expect us to be responsible stewards of the company’s resources, balancing appropriate levels of prudence and risk to create value. We take that responsibility seriously, as demonstrated through our commitment to our CSR strategy.”
“Our impact is driven by our strategic focus on diversity and inclusion, community engagement and environmental sustainability,” said Connie Lindsey, head of corporate social responsibility and global diversity & inclusion at Northern Trust. “As the report details, we achieved several notable milestones in 2017, including introducing electric cars to our India office, contributing over $19 million USD globally to philanthropic organizations and signing the UK’s Women in Finance Charter. Additionally, our environmental, social and governance (ESG) assets under management grew 37 percent to $86 billion.”
Northern Trust’s other achievements worldwide include:
- Inclusion in the Dow Jones Sustainability Index North America, 2017 – for the seventh consecutive year.
- Strong progress on goal to reduce carbon emissions by 25 percent by 2020, reducing emissions by more than 14 percent in 2017 alone.
- More than US$19 million given to local and international civic and charitable organizations and US$512.6 million to community development investments.
- Launch of five new Environmental Social Governance (ESG) equity funds continuing a commitment to our ESG investing philosophy.
- As part of a supplier diversity strategy, more than US$160 million spent on vendors with women or minority ownership.