BNY Mellon Wealth Management Sustainability Profile
BNY Mellon Wealth Management, a division of The Bank of New York Mellon Corporation, is a leading player in the wealth management industry, headquartered in the United States. Established in 1784, the firm has a rich history marked by significant milestones, including its evolution into a global financial services provider. With a strong presence in major operational regions such as North America, Europe, and Asia, BNY Mellon Wealth Management offers a comprehensive suite of services, including investment management, private banking, and wealth planning. Its unique approach combines innovative technology with personalised service, catering to high-net-worth individuals and institutions. Recognised for its market position, BNY Mellon Wealth Management consistently ranks among the top wealth managers globally, reflecting its commitment to delivering exceptional client experiences and robust investment strategies.
DitchCarbon Score
How does BNY Mellon Wealth Management'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 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 Wealth Management's score of 44 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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BNY Mellon Wealth Management currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of reported figures. The organisation is a current subsidiary of The Bank of New York Mellon Corporation, which may influence its climate commitments and emissions reporting. While BNY Mellon Wealth Management has not outlined specific reduction targets or initiatives, it is important to note that emissions data and performance metrics may be cascaded from its parent company, The Bank of New York Mellon Corporation. This relationship suggests that any climate commitments or emissions strategies may align with the broader goals set by the parent organisation. As of now, BNY Mellon Wealth Management has not publicly committed to specific science-based targets or climate pledges. The lack of detailed emissions data and reduction initiatives highlights the need for further transparency in their environmental impact and sustainability efforts.
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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 BNY Mellon Wealth Management's Industry?
How Carbon Intensive is BNY Mellon Wealth Management's Location?
BNY Mellon Wealth Management's Scope 3 Categories Breakdown
BNY Mellon Wealth Management'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.
Top Scope 3 Categories
BNY Mellon Wealth Management'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.
BNY Mellon Wealth Management 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.
