Standish Becomes Signatory to UN-Backed Principles for Responsible Investment

London and New York - 19 December 2012

BNY Mellon Investment Manager Underlines Commitment to Incorporating Environmental, Social and Corporate Governance Issues Into Investment Process

Standish Mellon Asset Management Company LLC, the fixed income specialist for BNY Mellon, has become a signatory to the United Nations-Backed Principles for Responsible Investment (UN PRI), underlining its commitment to incorporating environmental, social and governance (ESG) issues into its credit and investment processes.

Standish manages $9.6 billion in socially responsible investing (SRI) and ESG mandates on behalf of its clients.

"Standish has long evaluated environmental, labor and management practices in its investment procedures," said Desmond Mac Intyre, chairman and chief executive officer of Standish. "Becoming a signatory to the UN PRI further formalizes that process. We are looking to expand our corporate and sovereign research process to further consider these factors when allocating capital on behalf of our clients."

The Principles for Responsible Investment are designed to focus on long-term outcomes instead of short-term gains for business, with the intention of improving the balance between society's present needs and the shrinking natural resources that will support future generations. "We believe that careful consideration of ESG factors could help avoid idiosyncratic risk," said Dave Leduc, chief investment officer of Standish.

"Consideration of ESG factors as long-term return drivers is not just for sustainable investment specialists anymore," said Charles Dolan, chief investment strategist for fixed income, cash and currency for BNY Mellon Investment Management "Having several BNY Mellon investment boutiques as UN PRI signatories acknowledges our general respect for ESG factors as part of our overall focus on responsible investing."

In addition to Standish, Newton Investment Management, Insight Investment, and Meriten Investment Management represent the BNY Mellon investment boutiques that are also UN PRI signatories. Overall, BNY Mellon's corporate social responsibility program has been recognized globally for its strong commitment to the company's stakeholders, to the integrity of the financial markets and to the communities it serves

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