M&T Bank
M&T Bank Corporation, commonly referred to as M&T Bank, is a prominent financial institution headquartered in the United States, specifically in Buffalo, New York. Founded in 1856, M&T Bank has established itself as a key player in the banking industry, primarily serving the Mid-Atlantic and Northeastern regions. The bank offers a diverse range of services, including commercial banking, retail banking, and wealth management, distinguished by its commitment to personalised customer service and community engagement. M&T Bank has achieved significant milestones, including consistent growth in assets and a strong market presence, making it one of the largest banks in the United States. With a focus on innovation and customer satisfaction, M&T Bank continues to enhance its offerings, solidifying its reputation as a trusted financial partner.
DitchCarbon Score
How does M&T Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
M&T Bank's score of 39 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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M&T Bank's reported carbon emissions
In 2023, M&T Bank reported total carbon emissions of approximately 54,281,000 kg CO2e, comprising 17,069,000 kg CO2e from Scope 1, 37,212,000 kg CO2e from Scope 2, and 7,519,000 kg CO2e from Scope 3 emissions. This represents a decrease from 2022, where total emissions were about 59,350,000 kg CO2e, with Scope 1 emissions at 18,924,000 kg CO2e and Scope 2 emissions at 40,426,000 kg CO2e. The bank's emissions profile indicates a significant reliance on stationary combustion for Scope 1 emissions, which accounted for approximately 12,117,000 kg CO2e in 2023. Scope 2 emissions primarily stem from purchased electricity and steam, while Scope 3 emissions are largely attributed to business travel. Despite these figures, M&T Bank has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The bank's ongoing efforts in sustainability and emissions management reflect a growing awareness of climate impact within the financial sector, although further commitments may be necessary to align with industry standards and expectations.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 35,166,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 29,992,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 3,345,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
M&T Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
