Bank of New York Mellon : Standish Intensifies Their Commitment to Sustainable Investing and Becomes a Climate Bonds Partner

BOSTON, June 20, 2016 -Standish Mellon Asset Management Company LLC ('Standish'), a BNY Mellon investment boutique, today announced it has joined the Climate Bond Initiative Partnership Program effective immediately. Standish is joining the Program because it supports efforts by the financial industry to use bond markets to positively impact climate change and ensure the industry uses consistent standards for the issuance of green or climate bonds. The firm is a global leader in fixed income investing which serves a diverse base of investors.

Standish considers the potential impact of climate change and associated regulations in its investments. There is an increasing demand for innovative, sustainable investment solutions to address climate, carbon and environmental issues, and Standish is able to offer strategies to investors who wish to make climate change mitigation an explicit investment objective.

Standish COO, Mike Faloon said, 'We believe that green and climate bonds will become core holdings for investors seeking to minimize climate degradation within their fixed income allocations. We are pleased to collaborate with an organization whose mission is to mobilize the debt markets for climate change solutions and to ensure consistent standards are applied to debt issues labeled as green or climate bonds.'

'Standish's commitment to sustainable investing dates back to 2007 when we took significant steps to incorporate Socially Responsible Investing (SRI) screens into our investment process. In 2012, we further strengthened our commitment by becoming a signatory to UN Principles of Responsible Investing (PRI) and today we have a fully integrated, proprietary Corporate Environmental, Social and Governance (ESG) Risk Metrics & Analytics process in place,' states Stephan Bonte, CFA, Director of Sustainable Investing at Standish.

Climate Bonds CEO, Sean Kidney, commented 'Standish's knowledge of global fixed income and debt markets is admirable. Their decision to join our partnership program adds significant depth and capability. As we intensify our efforts to build robust and sustainable green bond markets, being able to work with such an experienced asset manager provides a welcome opportunity.'

As a firm, BNY Mellon strives to integrate climate change risks and opportunities into its operations, products and services and supply chain. These investments continue to return impressive results. BNY Mellon was recognized in 2015 by CDP's Climate 'A' List and the S&P Climate Disclosure Leadership Index (CDLI). BNY Mellon is also a signatory as part of the White House's American Business Act on Climate Pledge and the UN's Paris Pledge.

Notes for Journalists:

About Climate Bonds Initiative: The Climate Bonds Initiative is an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy.

Partners Program: NGOs, banks, institutional investors and governments are eligible to join as Climate Bond Partners to help rapidly grow a market of green and climate bonds. Other recent partners include leading information provider Thomson Reuters, global audit firm EY and asset manager BlackRock Inc.

Climate Bonds Partners: Develop initiatives to grow investment in climate solutions, participate in different market development committees and help define policy agendas for sector, country & sub-national programs.

About Standish Mellon Asset Management Company LLC: With approximately $158 billion of assets under management, the firm provides investment management services across a broad spectrum of fixed income asset classes. These include: Absolute Return (Opportunistic), Total Return (Global Core Plus, Core Plus, Core), Global Credit, Emerging Market Debt (Sovereign, Corporate), LDI Solutions, Insurance Client Strategies, Tax Sensitive and Crossover Strategies. The firm also includes assets managed by Standish personnel acting as dual officers of The Dreyfus Corporation and The Bank of New York Mellon. Standish, Dreyfus and The Bank of New York Mellon are affiliated subsidiaries of BNY Mellon. For more information please visit http://www.standish.com/.

Assets under management (AUM) as of March 31, 2016. This figure includes assets managed by Standish personnel acting as dual officers of The Dreyfus Corporation or The Bank of New York Mellon; high yield assets managed by personnel of Alcentra NY, LLC acting as dual officers of Standish; and mortgage assets managed by personnel of Amherst Capital Management LLC acting as dual officers of Standish. Standish, Dreyfus, Alcentra and Amherst Capital are registered investment advisers. Standish, Dreyfus, Alcentra and The Bank of New York Mellon are wholly-owned subsidiaries of The Bank of New York Mellon Corporation. Amherst Capital is a majority-owned subsidiary of The Bank of New York Mellon Corporation.

ABOUT BNY MELLON: BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2016, BNY Mellon had $29.1 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

BNY Mellon offers a wide range of social finance products and services that help mainstream investors meet their return/risk goals, while considering the environmental, social and governance (ESG) impact of their investments. Learn more about social finance at BNY Mellon at www.bnymellon.com/socialfinance.

This press release is qualified for issuance in the US only and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance. A BNY Mellon Company.

© 2016 The Bank of New York Mellon Corporation. All rights reserved.