These financings help fund the construction or renewal of social and affordable housing and can help improve the lives of vulnerable people. of the Europe 2020 Project Bond Initiative, European Commission, July 3, 2016, http://ec.europa.eu/dgs/economy_finance/evaluation/pdf/eval_pbi_ pilot_phase_swd_en.pdf Corporate Trust Leads BNY Mellon’s Engagement with the BEI The Banking Environment Initiative (BEI) is made up of global banks, including BNY Mellon, with combined assets of more than $10 trillion.