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DiversityPlus Magazine Names BNY Mellon's Claire Scanlon Among "Top 25 Women of Power Impacting Diversity"

Aug 3, 2012

Recognized for Leadership and Demonstrated Commitment to Diverse Suppliers

NEW YORK, August 3, 2012 — Claire Scanlon, head of supplier development for BNY Mellon, has been named among the "Top Women of Power Impacting Diversity" by DiversityPlus magazine. Selected by the magazine's editorial staff, the annual awards recognize women for their leadership and demonstrated commitment to supplier diversity.

"Claire is among the select few who have developed vibrant, expansive and embracing supplier diversity programs that show an unprecedented level of caring for the success of minority and women business owners," said Paul Lachhu, managing editor of DiversityPlus magazine. "She is determined and innovative, and not satisfied with a supplier diversity program that merely reports its spend."

Scanlon has guided the development of BNY Mellon's award-winning Supplier Development Program from its inception in 1994, while also helping to contribute to the financial viability of hundreds of small, diverse businesses. This includes companies with at least a 51% ownership stake attributed to women, minorities, veterans, lesbian, gay, bisexual and transgender individuals, and people with disabilities.

In addition to managing the fundamentals of the program, Scanlon has hosted capacity building sessions and workshops, bringing diverse suppliers together to network and build alliances that have enabled them to successfully bid on larger assignments.

"Over many years we have invested in capacity-building efforts and tools to help the supplier community and support the growth and sustainability of small businesses," Scanlon said. "Successful supplier development programs contribute to the sustainablity of our communities."

As noted in BNY Mellon's 2011 Corporate Social Responsibility report, the company exceeded its 2011 supplier diversity goal by seven percent, with 27 percent of all competitively bid contracts awarded to diverse suppliers. To learn more about BNY Mellon's supplier diversity program or to register your qualified business online, visit bnymellon.com/suppliers.

Corporate social responsibility at BNY Mellon reflects the company's global business priorities, with a strong emphasis on ethics, transparency, and operational reliability. Stakeholder engagement and talent management are core elements of the company's success in maintaining a leading CSR program. BNY Mellon's commitment to diversity and inclusion, community investment and environmental sustainability includes professionally managed CSR governance and oversight through a dedicated CSR Committee of the Board of Directors and CSR Council of senior company leaders.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $27.1 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.5 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Additional information is available on www.bnymellon.com or follow us on Twitter@BNYMellon.