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Overview

2018 Corporate Social Responsibility Report: Achieve Greater

 

 

Our 2018 Corporate Social Responsibility (CSR) Report highlights our actions toward our strategic priorities and the significant progress within each of these areas:

  • Core AspectsFocusing on governance, citizenship and operations
    We understand the impact greenhouse gas (GHG) emissions have on the global environment. To reduce our carbon footprint, we have developed behavior-change programs to drive desired outcomes around transport, travel and recycling. As a result, we have reduced our GHG emissions by 29 percent since 2015 and achieved 100% renewable electricity usage in our Harlow and Bank Street locations in the United Kingdom.
  • EmployeesCreating an inclusive work environment
    Creating an inclusive work environment for our employees is essential to who we are. In order to gain a deeper understanding of our successes as well as areas for improvement, we engaged an external consultant to assist us with a refresh of our Global Diversity and Inclusion strategy. This process included a review of our systems, practices, policies and culture.
  • Shared ValueGenerating economic value in a way that also produces value for society
    Giving back to the communities in which we live and work is fundamental to our mission. We take pride in our “Outstanding” rating received under the Community Reinvestment Act (CRA)- which we have maintained for 24 consecutive years.
  • Sustainable Products and ServicesBuilding market strength through innovation
    We align our business strategy with the fundamental principles of sustainability: meeting the needs of the present generation without compromising the ability of future generations to meet their own. We released our first stewardship report on proxy engagements, highlighting some of the issues Northern Trust Asset Management addressed via responsible investment activities.

Our commitment to corporate responsibility was recognized across industry groups. In  2018, we were named Best Private Bank for Family Offices, included on the Corporate Equality Index, remained a constituent of the FTSE4Good Index Series for the 12th consecutive year and named the Best Employer for Diversity by Forbes.

As we look ahead, we are committed to the pursuit of achieving greater value for all of our stakeholders by relentlessly pursuing our vision to be our clients’ most trusted partner for wealth management, asset servicing, asset management and other financial services.

We look forward to engaging with you as you review our 2018 Corporate Social Responsibility Report.



Corporate Social Responsibility 2019 - wheel


Basis for Report

Report for Content
This report has been created in response to interactions with key stakeholder groups. Each stakeholder group is expected to use this report to gauge Northern Trust’s progress on achieving our goals pertaining to environmental, social and governance (ESG) matters.

Period, Scope and Boundary
This report has been created in response to interactions with key stakeholder groups. Each stakeholder group is expected to use this report to gauge Northern Trust’s progress on achieving our goals pertaining to environmental, social and governance (ESG) matters.



Stakeholder Engagement
Northern Trust actively engages in dialogue with our stakeholders, including clients, employees, shareholders, communities, regulators, suppliers and peers. These stakeholder groups are determined based on our business strategy of serving corporations, institutions and individuals worldwide. Each stakeholder group informs our reputation, policies and best practices. We believe it is imperative to consult regularly with these groups through periodic in-person meetings, electronic communication, conferences and other platforms. Through these interactions, we receive suggestions and concerns related to our business practices.

Reporting Framework
This is our ninth year using the Global Reporting Initiative (GRI) framework. We are a member of the GRI Gold Community, and this is our third report using GRI Standards, the GRI’s fifth generation of guidelines for sustainability reporting. This report has been prepared in accordance with the GRI Standards: Core option.

Material Aspects
The report and its index provide details on the material aspects and topics that reflect economic, environmental and social impacts relevant to our business.

CORE ASPECTS - Governance, Ethics and Operations, Responsible Sourcing and Environmental Impacts

EMPLOYEES - Global Talent Management, Diversity and Inclusion

SHARED VALUE - Community Development, Global Philanthropy and Volunteerism

SUSTAINABLE PRODUCTS AND SERVICES - ESG Integration, Responsible Investment Products and Services

Questions related to this report can be sent to CSRatNT@ntrs.com

 

Honors