Northern Trust Releases Sustainability Report
July 01 2024 - 11:20AM
Business Wire
Northern Trust has released its latest Sustainability Report,
highlighting efforts to create better and more sustainable futures
for our clients, employees, shareholders, communities and the world
we live in.
“Ethical business practices, risk identification and mitigation
and caring for our communities are fundamental to our core strategy
as a responsible business,” Chairman and Chief Executive Officer
Michael O’Grady and Kimberly Evans, Head of Corporate
Sustainability, Inclusion and Social Impact, said in a joint
message to stakeholders.
“As we have for the past 135 years, we continue to invest in the
well-being of our employees and surrounding communities by helping
them meet their needs and respecting their human rights.”
Northern Trust made significant progress in 2023, including:
- Maintaining an outstanding Community Reinvestment Act (CRA)
rating for the 28th consecutive year, reflecting a community
development and investments portfolio that exceeded $4.6
billion.
- Supporting more than 900 charities worldwide and mobilizing
employees around the globe to support their desired causes through
more than 106,000 hours of volunteerism.
- Increasing its diverse supplier spend from 6 to 10 percent of
the total dollar amount spent for the procurement of products,
goods and services in the organization.
- Enhancing climate risk management capabilities, including
reducing our energy consumption by 27 percent and started
implementing Energy and Environmental Management Systems (EMS),
beginning with our offices in Europe and the Middle East.
- Continuing to advance diversity, equity, and inclusion, as a
material sustainability topic for the firm, with a focus on our
inclusion strategy and future outcomes.
“Looking to the future, we will continue to find opportunities
to make a positive impact and contribute to a more sustainable
future for all by working together with our stakeholders,” O’Grady
and Evans said in their opening message to stakeholders.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
to corporations, institutions, affluent families and individuals.
Founded in Chicago in 1889, Northern Trust has a global presence
with offices in 24 U.S. states and Washington, D.C., and across 22
locations in Canada, Europe, the Middle East and the Asia-Pacific
region. As of March 31, 2024, Northern Trust had assets under
custody/administration of US$16.5 trillion, and assets under
management of US$1.5 trillion. For more than 130 years, Northern
Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Visit us on
northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust
or Northern Trust Corporation on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle
Street, Chicago, Illinois 60603 U.S.A., incorporated with limited
liability in the U.S. Global legal and regulatory information can
be found at https://www.northerntrust.com/terms-and-conditions.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240701283271/en/
Media Contact: Doug Holt (312) 557-1571 Dh124@ntrs.com
http://www.northerntrust.com
Northern (NASDAQ:NTRS)
Historical Stock Chart
From Jul 2024 to Aug 2024
Northern (NASDAQ:NTRS)
Historical Stock Chart
From Aug 2023 to Aug 2024