Arjuna Capital: BNY Mellon Joins Bank of America, Citi & Wells Fargo As 4th Bank In 4 Weeks Working To Close Gender Pay Gap

In less than a month, four of the biggest banks and financial institutions in the U.S. have disclosed efforts to remedy gender pay inequity. Responding to shareholder proposals from Arjuna Capital calling for detailed reports and wage data disclosure, the Bank of New York Mellon – the world’s largest custodian bank and asset servicing company – became the fourth bank since January 15th to agree to close both its gender and racial pay gaps.  In response, Arjuna Capital withdrew its shareholder proposal at BNY Mellon.  Four of the nine banks…

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