Issued by Northern Trust Corporation
“While our stakeholders' expectations and demands vary by topic and timing, it is our responsibility to navigate the ambiguity in a way that honors our commitment to people, the planet and prosperity for current and future generations,” writes Chairman and CEO Mike O’Grady and head of Sustainability, Inclusion and Social Impact Kim Evans in their joint letter to Sustainability Report readers.
Northern Trust announced today it has released its latest Sustainability Report, highlighting efforts to bolster inclusion in the workplace, engage in philanthropic and social impact investing, and minimize the environmental impact of business operations.
“Our approach to sustainability is grounded in our enduring principles of service, expertise, and integrity,” said Kimberly Evans, Head of Corporate Sustainability, Inclusion and Social Impact. “While our stakeholders' expectations and demands vary by topic and timing, it is our responsibility to navigate the ambiguity in a way that honors our commitment to people, the planet and prosperity for current and future generations.”
Highlights from the 2022 Sustainability Report include:
As of Dec. 31, 2022, Northern Trust reduced our energy consumption by more than 30 percent compared to a 2019 baseline. Additionally, Northern Trust in 2022 worked with Climate Vault to reduce carbon emissions through a two-step approach. Climate Vault first purchases and “vaults” carbon emission allowances from government-regulated compliance markets. Climate Vault will then leverage the value of the emission allowances to fund an equivalent or greater amount of carbon removals from new carbon dioxide removal (CDR) technologies through a bi-annual grant process. Additional information about our GHG emissions can be found in our Statement of GHG Emissions.
Northern Trust is a leading provider of asset servicing, fund administration, investment management, banking and fiduciary solutions for corporations, institutions, and affluent individuals worldwide.
Since 1889, when Northern Trust was founded in Chicago, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instil in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.