Northern Trust Highlights Corporate Social Responsibility Work in 2012 Report
Responsible investing, reduced greenhouse gas output among priorities
CHICAGO--(BUSINESS WIRE)-- Augmenting its commitment to community engagement, ethical business practices and environmental stewardship, Northern Trust (NAS: NTRS) released its third annual Corporate Social Responsibility (CSR) report today, providing 2012 global results and detailing goals for 2013 and beyond.
"Northern Trust has a long history of serving local communities, engaging employees and practicing ethical business values. CSR is an integral part of our corporate strategy," Northern Trust Chairman and Chief Executive Officer Frederick H. Waddell said. "I'm proud of our efforts to be a catalyst for positive change in the communities we serve. The work done by our exceptional employees continues to solidify our place as a leader in corporate citizenship."
In 2012, Northern Trust focused on CSR initiatives in the areas of community contributions, environmental sustainability, ethical business practices, global workforce and responsible finance.
Notable results include:
Contributing to the Community:
Northern Trust contributed $14.9 million to charities and civic organizations worldwide. For the second consecutive year, the bank met its goal of investing 1.5 percent of pre-tax profits in social initiatives. Since 2007, Northern Trust has contributed more than $70 million in support of nonprofit groups.
Global staff donated 180,000 volunteer hours in 2012; a newly-adopted policy gives employees two full days of paid time off to volunteer with an approved nonprofit.
Northern Trust reduced paper consumption by 19 percent in North America and reduced greenhouse-gas emissions per full-time-employee by 5.7 percent, exceeding its 2012 goal of 3 percent. The bank has adopted new tactics to further reduce carbon emissions.
"Our core values—service, expertise and integrity—serve as pillars of our organization and sharpen our focus on maintaining a leadership position as a socially responsible company," said Connie Lindsey, executive vice president and global head of Corporate Responsibility and Global Diversity and Inclusion. "Our historical emphasis on operating with the highest level of business ethics will continue to be a top CSR priority and will help guide our overall business strategy."
Northern Trust has a long, successful history as a publicly-traded entity. Last year, marked the 116th consecutive year that Northern Trust maintained or increased its dividend and Northern Trust's 25th year of consecutive annual profits.
Northern Trust is widely recognized for excellence in many areas. Recent honors and awards include:
One of the World's Most Admired Companies, Fortune magazine
Best Private Bank - U.S., Financial Times Group
Ranked #2 on the Top 50 Family Offices, Bloomberg
Top 50 Companies for Executive Women for Fourth Consecutive Year, National Association for Female Executives (NAFE)
Top 30 Employers for Working Families, Best Organization for Flexible Working Award, Working Families Organization
100 Best Companies for Working Mothers, Working Mother magazine, 21st Year on the List
Top 50 Out Front Companies for Diversity Leadership: Best Places for Diverse Managers to Work, Diversity MBA Magazine
Best Companies for Multicultural Women, Working Mother magazine
2012 #1 Corporate Citizen, #1 Leadership Giving Company, United Way Chicago
Named to the World and North American Dow Jones Sustainability Indexes (DJSI) based on corporate sustainability performance
Northern Trust's CSR report complies with reporting standards of the Global Reporting Initiative™, an organization that pioneered the world's most widely used sustainability reporting framework. Northern Trust's adherence to GRI's framework, its numerous disclosures, and third-party review earned it a B+ reporting level from GRI. Deloitte & Touche LLP provided external assurance for the 2012 CSR report.
To view the full 2012 CSR report or a summary: https://www.northerntrust.com/documents/annual-reports/csr/northern-trust-corporate-social-responsibility-annual-report-2012.pdf
About Northern Trust
Northern Trust Corporation (NAS: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 17 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2013, Northern Trust had assets under custody of US$5 trillion, and assets under investment management of US$810.2 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter @NorthernTrust.
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