Bank Of New York Mellon

Bank Of New York Mellon's reported carbon emissions

Bank of New York Mellon (BNY Mellon), headquartered in the US and operating within financial intermediation services, has disclosed its carbon emissions across various scopes. For the reporting year 2024, the company reported Scope 1 emissions of approximately 8,291,000 kg CO2e, Scope 2 market-based emissions of about 1,586,000 kg CO2e, and Scope 3 business travel emissions of approximately 22,522,000 kg CO2e. Scope 2 location-based emissions for 2024 were significantly higher, at roughly 91,036,000 kg CO2e. In 2023, BNY Mellon reported Scope 1 emissions of approximately 7,147,000 kg CO2e, Scope 2 market-based emissions of about 1,289,000 kg CO2e, and Scope 3 business travel emissions of approximately 19,825,000 kg CO2e. Scope 2 location-based emissions for 2023 stood at approximately 96,117,000 kg CO2e. BNY Mellon has established climate commitments, including a target to reduce its Scope 1 and Scope 2 (location-based) greenhouse gas emissions by 50% from a 2018 base year by 2030. This represents an absolute reduction target. The company also had a near-term target to reduce Scope 1 and Scope 2 (location-based) emissions by 20% from a 2018 base year, with a target year of 2023. It is noted as being on track for this specific target in the Scope 2 location-based category for 2023, but not for Scope 1 for the same target year. Additionally, a 20% absolute reduction target for Scope 1 and Scope 2 GHG emissions from a 2018 base year, developed with Science Based Targets initiative (SBTI) methodology, was set for completion by 2025. The company's emissions data is not cascaded from a parent organisation, and it operates as the source organisation for its disclosed performance metrics.