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.
+8 vs industry average
Bank Of New York Mellon’s score of 43 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Bank Of New York Mellon's reported carbon emissions
The Bank of New York Mellon (BNYM) reported approximately 107,304,000 kg CO2e for Scope 2 (location-based) emissions in 2024. Scope 1 emissions were about 8,291,000 kg CO2e and Scope 3 business travel emissions amounted to approximately 22,522,000 kg CO2e in the same year. For 2023, BNYM's Scope 1 emissions were approximately 7,147,000 kg CO2e. Scope 2 (location-based) emissions were around 96,117,000 kg CO2e, and Scope 3 business travel emissions totalled approximately 19,825,000 kg CO2e. The company also reported a Scope 1 and 2 emission factor of approximately 0.0004820020569077819 kg CO2e per USD revenue. BNYM has set climate targets, including a commitment to reduce Scope 1 and Scope 2 (location-based) greenhouse gas emissions by 50% from a 2018 base year by 2030. This is an absolute reduction target. The company also previously had a target to reduce Scope 1 and Scope 2 emissions by 20% from a 2018 base year by 2025, utilising methodology developed by the Science Based Targets initiative (SBTI). Their sustainability reports indicate they are on track for this 2025 target. The company's emissions data is not cascaded from a parent organisation.
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Bank Of New York Mellon’s Climate Goals (2030 & 2050)
5 goals2030
50% reduction in Scope 2
we have set a new 2030 target to reduce our Scope 1 and Scope 2 (location-based) GHG emissions by 50% relative to a 2018 base year, as summa…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Bank Of New York Mellon
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