Bank Of New York Mellon
The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is a leading global investments company headquartered in New York City. Established in 1784, it has a rich history marked by significant milestones, including the merger of The Bank of New York and Mellon Financial Corporation in 2007. BNY Mellon operates primarily in the financial services industry, focusing on asset management and securities services. With a presence in major operational regions across North America, Europe, Asia, and the Middle East, BNY Mellon offers a diverse range of core products and services, including investment management, custody, and treasury services. Its unique approach combines innovative technology with deep industry expertise, positioning it as a trusted partner for institutional investors. Recognised for its strong market position, BNY Mellon continues to achieve notable accolades, reinforcing its commitment to delivering exceptional financial solutions.
DitchCarbon Score
How does Bank Of New York Mellon'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
Bank Of New York Mellon's score of 38 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bank Of New York Mellon's reported carbon emissions
In 2023, Bank of New York Mellon reported total carbon emissions of approximately 71,470 tonnes CO2e from Scope 1, 1,289 tonnes CO2e from Scope 2, and 285,828 tonnes CO2e from Scope 3 emissions, primarily attributed to business travel. This reflects a continued commitment to reducing their carbon footprint, with significant reductions observed over the years. From 2016 to 2023, BNY Mellon's total emissions decreased from about 167 million tonnes CO2e to approximately 71 million tonnes CO2e, showcasing a substantial reduction in their overall environmental impact. The company has consistently received high scores from the Carbon Disclosure Project (CDP), achieving an "A" rating in multiple years, indicating strong climate governance and transparency. BNY Mellon has not publicly set specific reduction targets under the Science Based Targets initiative (SBTi) but remains committed to sustainability practices and reporting. Their ongoing efforts include enhancing energy efficiency and promoting sustainable business travel practices. The firm’s focus on reducing Scope 1 and 2 emissions, alongside managing Scope 3 emissions, aligns with industry standards for climate action and corporate responsibility.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 5,919,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 107,972,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 2,259,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Bank Of New York Mellon is committed to some reduction initiatives 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.
