Bank Of New York Mellon

The Bank of New York Mellon (BNY Mellon), headquartered in the US and operating in financial intermediation services, has reported its carbon emissions across various scopes. For 2024, its Scope 1 emissions were approximately 8,291,000 kg CO2e. Scope 2 emissions, using the market-based approach, were about 1,586,000 kg CO2e, while the location-based calculation was approximately 91,036,000 kg CO2e. Scope 3 emissions for business travel in 2024 were around 22,522,000 kg CO2e.

In 2023, BNY Mellon's Scope 1 emissions amounted to approximately 7,147,000 kg CO2e. Its Scope 2 emissions were about 1,289,000 kg CO2e (market-based) and 96,117,000 kg CO2e (location-based). Scope 3 business travel emissions for this year were approximately 19,825,000 kg CO2e.

BNY Mellon has established several climate commitments. Notably, the organisation set a target to reduce its Scope 1 and Scope 2 (location-based) greenhouse gas emissions by 50% by 2030, using 2018 as a baseline year. This target is classified as absolute. Previously, BNY Mellon also had an intensity-based target to reduce Scope 1 and Scope 2 (location-based) emissions by 20% from a 2018 base year by 2025. Additionally, an absolute reduction target of 20% for Scope 1 and Scope 2 GHG emissions from a 2018 base year was set by 2025, with methodology developed by the Science Based Targets initiative (SBTI). The company has indicated progress, with its 2023 report suggesting it was on track for some near-term targets. For example, the Scope 2 location-based reduction target for 2030 was reported as being on track for both near-term (two-year) and longer-term (five-year) progress in 2023.