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M&T Bank Corporation, commonly referred to as M&T Bank, is a prominent financial institution headquartered in the United States. Established in 1856, the bank has a long-standing history of providing comprehensive financial intermediation services, excluding insurance and pension funding. Its core operations span across the US, with a strong presence in the northeastern and mid-Atlantic regions.
Specialising in retail banking, commercial banking, and wealth management, M&T Bank is recognised for its customer-centric approach and innovative financial solutions. The bank’s notable achievements include a solid market position and a reputation for stability and reliability within the financial services industry. As a key player in the financial intermediation sector, M&T Bank continues to serve a diverse client base with tailored banking products and services.
0 vs industry average
M&T Bank’s score of 37 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Financial Intermediation is among the least carbon-intensive industries
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
M&T Bank's latest reported emissions for 2024 totalled approximately 51,617,000 kg CO2e for Scope 1 and Scope 2 combined. This comprised about 17,889,000 kg CO2e from Scope 1 emissions and approximately 33,728,000 kg CO2e from Scope 2 emissions.
In 2023, the financial services provider recorded total Scope 1 and 2 emissions of approximately 60,661,000 kg CO2e, with Scope 1 emissions at around 18,761,000 kg CO2e and Scope 2 emissions at roughly 41,900,000 kg CO2e. For 2022, combined Scope 1 and 2 emissions were approximately 59,350,000 kg CO2e, consisting of about 18,924,000 kg CO2e from Scope 1 and 40,426,000 kg CO2e from Scope 2.
In 2021, M&T Bank reported approximately 38,049,000 kg CO2e for combined Scope 1 and location-based Scope 2 emissions. Scope 1 emissions were about 16,373,000 kg CO2e, including 1,253,000 kg CO2e from mobile combustion and 14,412,000 kg CO2e from stationary combustion. Location-based Scope 2 emissions, entirely from purchased electricity, were approximately 21,676,000 kg CO2e. Scope 3 emissions for business travel in 2021 were about 1,305,000 kg CO2e.
For 2020, total Scope 1 and location-based Scope 2 emissions were approximately 40,731,000 kg CO2e. Scope 1 emissions were roughly 18,121,000 kg CO2e, comprising 1,168,000 kg CO2e from mobile combustion and 16,263,000 kg CO2e from stationary combustion. Location-based Scope 2 emissions from purchased electricity amounted to approximately 22,610,000 kg CO2e. Scope 3 emissions from business travel were about 1,882,000 kg CO2e.
In 2019, M&T Bank's combined Scope 1 and location-based Scope 2 emissions were approximately 48,141,000 kg CO2e. Scope 1 emissions were about 22,098,000 kg CO2e, with 1,506,000 kg CO2e from mobile combustion and 19,784,000 kg CO2e from stationary combustion. Location-based Scope 2 emissions from purchased electricity were approximately 26,043,000 kg CO2e. Scope 3 business travel emissions were about 7,103,000 kg CO2e.
M&T Bank has not disclosed any specific emissions reduction targets, including SBTi-validated targets or participation in The Climate Pledge. The company does not currently have Scope 3 emissions data available for all relevant categories, specifically noting missing data points for "purchased goods and services" across all reported years.
No climate goals have been disclosed for M&T Bank yet.
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