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 41 is higher than 93% 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, the Bank of New York Mellon reported total carbon emissions of approximately 71,470,000 kg CO2e. This figure includes 7,147,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 96,117,000 kg CO2e from Scope 2 emissions, which are indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, the bank's Scope 3 emissions, primarily from business travel, amounted to approximately 142,914,000 kg CO2e. Over the years, BNY Mellon's emissions have shown fluctuations. For instance, in 2022, total emissions were about 94,000,000 kg CO2e, with Scope 1 emissions at 7,520,000 kg CO2e and Scope 2 emissions at approximately 94,371,000 kg CO2e. The bank's emissions peaked in 2018 at around 167,351,000 kg CO2e, indicating a significant reduction trend in subsequent years. Despite these reductions, BNY Mellon has not publicly committed to specific science-based targets or reduction initiatives. The absence of documented reduction targets suggests a need for further clarity on their long-term climate commitments. The bank continues to engage in sustainability practices, but detailed strategies or pledges to achieve net-zero emissions have not been disclosed.
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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 committed to any 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.
