Tag: Northern Trust

Northern Trust Releases Annual Corporate Social Responsibility Report

Stuart Mitchell

Northern Trust released its latest Corporate Social Responsibility report, marking a full decade of transparent, detailed information across the company. “During a period of extraordinary social, health and economic challenges, 2020 was a year that for Northern Trust focused on compassion, communication and support,” Chairman and Chief Executive Officer Michael O’Grady said. “We are pleased to report on progress toward creating long-term value for our clients, employees, shareholders, communities and other key stakeholders.” Connie Lindsey, Head of Corporate Social Responsibility and Global Diversity, Equity & Inclusion, added, “Northern Trust is…

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Siemens Foundation and Northern Trust to Invest $10M in Community Development Financial Institutions to Support Racial and Social Equity in Underserved Communities

Stuart Mitchell

The Siemens Foundation and Northern Trust have announced a commitment of $10 million to two Community Development Financial Institutions Funds (CDFI) to support racial and social equity in underserved communities. CDFIs provide low-income, low-wealth, and other disadvantaged people with the capital they need for meaningful economic opportunity and development. The Siemens Foundation partnered with Northern Trust to identify the CDFIs selected and facilitate the investments. The Enterprise Community Loan Fund (ECLF) and Primary Care Development Corporation (PCDC) will provide capital, support and advocacy in the real estate and health care…

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Northern Trust Releases Latest Corporate Social Responsibility Report

Stuart Mitchell

Northern Trust Corporation announced today it has released its latest Corporate Social Responsibility Report. The report details progress toward enhancing our Diversity, Equity and Inclusion (DE&I) strategy, reducing our greenhouse gas emissions (GHG), and launching client-focused Environmental, Social and Governance (ESG) tools and investment vehicles. “This report reflects Northern Trust’s ongoing commitment to our stakeholders,” Northern Trust Chairman and Chief Executive Officer Michael O’Grady said. “While the report covers 2019, the challenges and uncertainty of 2020 have transformed the ways we work with one another, our clients, and our communities.…

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Northern Trust Provides $100 Million in Small Business Support

Stuart Mitchell

Northern Trust Corporation has announced it is providing $100 million in low-cost funding to assist Community Development Financial Institutions (CDFIs) as they provide loans to small businesses and non-profit organizations under the federal Paycheck Protection Program (PPP). “This funding in response to the COVID-19 pandemic will help meet urgent demand among small businesses and non-profit groups,” Chairman and Chief Executive Officer Michael O’Grady said. “Since 1995, we have provided capital to CDFIs with flexible terms and low rates to facilitate lending in underserved communities.” Under the CARES Act, the PPP…

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