BNY Mellon has a number of owned and controlled entities. BNY Mellon has approximately 76 subsidiaries (p.1)
The Bank of New York Mellon Corporation is responsible for the group's broader modern slavery and human trafficking initiatives, policies and procedures. In FY2020, a provision was added into the affiliate master agreement which is the set of legal terms and conditions governing all agreements between owned and controlled entities of the Bank of New York Mellon group, to align the Group's approach to modern slavery and human trafficking and prevent the risk of modern slavery and human trafficking within our operations. Additionally, there is consultation and collaboration between our Global Procurement teams and legal teams who have received training in modern slavery and human trafficking risks. (p. 4)
This statement was approved by the Board of The Bank of New York Mellon on February 8, 2021 (p.5)