At Northern Trust, we have a proven track record of prioritizing diversity, equity and inclusion (DEI) amongst our employees, and more broadly, within the communities in which we live and work. Over the last year, we’ve taken steps to move us further along in the DEI journey by bolstering inclusion. Inclusiveness helps foster employee engagement, which ultimately drives the greatest potential for impacting long-term business performance.
Northern Trust has a long-standing history of supporting underserved communities through philanthropic and civic initiatives. Developing teachers to increase the much-needed pipeline of licensed educators. Purchasing a hotel to transition it into affordable housing. Supporting vulnerable populations through work on food security, farm viability and ecological health. While charitable giving is core to our value proposition, Northern Trust supports these projects and more as champions of social impact investing that bolsters affordable housing, wealth creation, job creation, education and social services.
In 2022, we invested a total of $229 million to help create long-term positive change by supporting and empowering communities as they reimagine, redevelop and reenergize themselves. Combined with our philanthropic efforts, we continue to be deeply committed to inclusive social and economic development for all.
Whether painting a shelter in India, cleaning up beaches in Australia, caring for shelter dogs throughout the U.S., and delivering food to the elderly in the U.K., to name just a few of the activities we collectively participated in, Northern Trust employees performed more than 25,000 hours of service for a total of more than 1,200 organizations during October 2022, our global month of service. This marked a nearly 150 percent increase in the number of employees participating, and a 50 percent increase in the number of recipient organizations.
Northern Trust encourages employees to follow their passions and volunteer in meaningful ways by providing two paid days off. During the month of service, the company further pledges 50 meals to those in need for every hour employees volunteer through The Global FoodBanking Network, European Food Banks Federation and Feeding America.
In 2022, Northern Trust donated more than $19 million in charitable contributions, showing our commitment to improving the communities in which we live and work. These funds were largely awarded to organizations around the world that work to help their communities achieve basic needs. Research shows that helping people to secure food, accessible healthcare, affordable housing and quality education can also set them on the road to achieving long-term financial success.
At Northern Trust, we’re always honored to receive prestigious awards from industry leaders. They are reminders that we are both meeting stakeholders’ needs and that there is always more work to be done in these areas. These are a few of the accolades we were thankful to receive in 2022:
Fortune Magazine
(17th consecutive year)
Financial Times Group
(12 of the last 14 years)
Financial Times Group
Financial Times Group
European Pension Awards
Funds Europe Awards
(third consecutive year)
Funds Europe Awards
Global Custodian Industry Leaders Awards
Bloomberg
(fifth consecutive year)
American Association of People with Disabilities
(15th consecutive year Northern Trust scored “Best Place to Work for LGBTQ Equality” designation)