Bank Of New York Mellon Sustainability Profile
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 66% 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 123,089,000 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 48,086,000 kg CO2e from Scope 3 emissions, primarily attributed to business travel. Comparatively, in 2022, the bank's total emissions were about 103,341,000 kg CO2e, indicating a rise in emissions year-on-year. The Scope 1 emissions for 2022 were 7,520,000 kg CO2e, while Scope 2 emissions (market-based) were 1,450,000 kg CO2e, and Scope 3 emissions from business travel were 6,450,000 kg CO2e. The Bank of New York Mellon has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 (location-based) greenhouse gas emissions by 50% by 2030, using 2018 as the baseline year. Additionally, the bank has a near-term target to achieve a 20% reduction in Scope 1 and Scope 2 emissions by 2025. These commitments reflect the bank's proactive approach to addressing climate change and reducing its carbon footprint, aligning with industry standards for sustainability and emissions reduction. The emissions data and reduction targets are sourced directly from The Bank of New York Mellon Corporation, with no cascaded data from parent or related organizations.
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| 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 9,000,000 | 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 | 19,700,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
How Carbon Intensive is Bank Of New York Mellon's Industry?
How Carbon Intensive is Bank Of New York Mellon's Location?
Bank Of New York Mellon's Scope 3 Categories Breakdown
Bank Of New York Mellon's Scope 3 emissions, which increased by 646% last year and increased by approximately 144% since 2016, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Bank Of New York Mellon's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Bank Of New York Mellon has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
