BNY Mellon
BNY Mellon, officially known as The Bank of New York Mellon Corporation, is a leading global investments company headquartered in the United States. Established in 1784, it has a rich history marked by significant milestones, including the merger of The Bank of New York and Mellon Financial Corporation in 2007. Operating primarily in North America, Europe, and Asia, BNY Mellon excels in the financial services industry, focusing on asset management and securities services. Its core offerings include investment management, custody services, and treasury services, distinguished by a commitment to innovation and client-centric solutions. Recognised for its strong market position, BNY Mellon serves a diverse clientele, including institutions, corporations, and individuals, and is celebrated for its expertise in navigating complex financial landscapes.
DitchCarbon Score
How does BNY 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
BNY Mellon's score of 36 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
BNY Mellon's reported carbon emissions
In 2023, BNY Mellon reported total carbon emissions of approximately 12,372,942,200 kg CO2e. This figure includes 1,408,476,500 kg CO2e from Scope 1 emissions, 99,100 kg CO2e from Scope 2 emissions, and a significant 10,964,465,700 kg CO2e from Scope 3 emissions, primarily attributed to business travel. Over the years, BNY Mellon has demonstrated a fluctuating trend in emissions. In 2022, total emissions were about 15,420,000 kg CO2e, with Scope 1 at 7,520,000 kg CO2e, Scope 2 at approximately 1,450,000 kg CO2e (market-based), and Scope 3 emissions reaching 6,450,000 kg CO2e. The company saw a notable reduction in total emissions from 2019, which were around 26,104,000 kg CO2e, to 2020, where emissions dropped to about 10,618,000 kg CO2e. Despite these figures, BNY Mellon has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to navigate its climate commitments within the broader context of the financial services industry, which is increasingly focused on sustainability and carbon footprint reduction.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 8,005,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000,000 |
| Scope 2 | 2,485,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 00,000 |
| Scope 3 | 17,194,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000,000 |
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.
BNY 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.
