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 the United States. Founded in 1784, it has established itself as a key player in the financial services industry, with a strong presence in major operational regions including North America, Europe, and Asia-Pacific. BNY Mellon specialises in asset management and securities services, offering a diverse range of core products such as investment management, custody, and treasury services. Its unique approach combines innovative technology with deep industry expertise, positioning the bank as a trusted partner for institutional investors and corporations alike. With a rich history and notable achievements, BNY Mellon continues to be recognised for its commitment to excellence and leadership in the financial sector.
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 46 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Of New York Mellon's reported carbon emissions
In 2023, the Bank of New York Mellon reported total carbon emissions of approximately 154,000,000 kg CO2e. This figure includes 7,147,000 kg CO2e from Scope 1 emissions, 1,289,000 kg CO2e from Scope 2 (market-based), and a significant 142,914,000 kg CO2e from Scope 3 emissions, primarily attributed to business travel. The bank has set ambitious climate commitments, aiming for a 50% reduction in Scope 1 and Scope 2 (location-based) greenhouse gas emissions by 2030, using 2018 as the baseline year. This target reflects a strategic focus on reducing its operational carbon footprint. Additionally, BNY Mellon has previously established a near-term goal to achieve a 20% reduction in these emissions by 2025. Over the past few years, BNY Mellon has demonstrated a commitment to sustainability, with emissions in 2022 recorded at approximately 153,000,000 kg CO2e, showing a slight decrease from 2021's total of about 97,104,000 kg CO2e. The bank's ongoing efforts to monitor and reduce emissions align with industry standards and reflect a proactive approach to addressing climate change.
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| 2016 | 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 | 00,000,000 | 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 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.
