Press release
Northern Trust Releases Sustainability Report
CHICAGO--(BUSINESS WIRE)-- Northern Trust has released its latest Sustainability Report, highlighting efforts to create better and more sustainable futures
About this update from Northern Trust Corporation
[{"type":"text","content":" CHICAGO--(BUSINESS WIRE)--\nNorthern 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.\n\n\n“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.\n\n\n“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.”\n\n\nNorthern Trust made significant progress in 2023, including:\n\n\n\nMaintaining an outstanding Community Reinvestment Act (CRA) rating for the 28th consecutive year, reflecting a community development and investments portfolio that exceeded $4.6 billion.\n\n\n\nSupporting more than 900 charities worldwide and mobilizing employees around the globe to support their desired causes through more than 106,000 hours of volunteerism.\n\n\n\nIncreasing 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.\n\n\n\nEnhancing 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.\n\n\n\nContinuing to advance diversity, equity, and inclusion, as a material sustainability topic for the firm, with a focus on our inclusion strategy and future outcomes.\n\n\n\n“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.\n\n\nAbout Northern Trust\n\n\nNorthern 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...