M&T Bank Corporation, commonly referred to as M&T Bank, is a prominent financial institution headquartered in the United States, specifically in Buffalo, New York. Founded in 1856, M&T Bank has established itself as a key player in the banking industry, primarily serving the Mid-Atlantic and Northeastern regions.
The bank offers a diverse range of services, including commercial banking, retail banking, and wealth management, distinguished by its commitment to personalised customer service and community engagement. M&T Bank has achieved significant milestones, including consistent growth in assets and a strong market presence, making it one of the largest banks in the United States. With a focus on innovation and customer satisfaction, M&T Bank continues to enhance its offerings, solidifying its reputation as a trusted financial partner.
+1 vs industry average
M&T Bank’s score of 36 is higher than 57% 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.
M&T Bank's reported carbon emissions
In 2024, M&T Bank reported total emissions of approximately 51.6 million kg CO2e, comprising 17.9 million kg CO2e from Scope 1 and 33.7 million kg CO2e from Scope 2 emissions. The bank has not disclosed any Scope 3 emissions data, indicating a gap in their reporting for upstream and downstream activities. Comparatively, in 2023, M&T Bank's total emissions were approximately 60.7 million kg CO2e, with Scope 1 emissions at 18.8 million kg CO2e and Scope 2 emissions at 41.9 million kg CO2e. This reflects a reduction in total emissions from the previous year, highlighting the bank's commitment to decreasing its carbon footprint. Despite these reductions, M&T Bank has not set specific science-based targets (SBTi) or documented reduction initiatives, which may limit their long-term climate strategy. The absence of a climate pledge further underscores the need for enhanced commitments to sustainability. M&T Bank's emissions data is not cascaded from any parent organisation, indicating that the figures are independently reported. The bank's sustainability efforts are crucial in the context of the financial sector's growing focus on climate responsibility.
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M&T Bank’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for M&T Bank yet.
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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M&T Bank
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