M&T Bank Sustainability Profile
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.
DitchCarbon Score
How does M&T Bank'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
M&T Bank's score of 41 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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M&T Bank's reported carbon emissions
In 2024, M&T Bank reported total carbon emissions of approximately 51,617,000 kg CO2e, comprising 17,889,000 kg CO2e from Scope 1 and 33,728,000 kg CO2e from Scope 2 emissions. This marks a reduction from 2023, where emissions totalled about 60,661,000 kg CO2e, with Scope 1 at 18,761,000 kg CO2e and Scope 2 at 41,900,000 kg CO2e. Over the past few years, M&T Bank has demonstrated a commitment to reducing its carbon footprint. In 2022, the bank's emissions were approximately 59,350,000 kg CO2e, indicating a downward trend in emissions. The bank has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from sources such as business travel and employee commuting. Despite the absence of specific reduction targets or initiatives, M&T Bank's emissions data reflects a proactive approach to sustainability. The emissions data is sourced directly from M&T Bank Corporation, with no cascaded data from a parent organisation. The bank continues to focus on transparency in its sustainability reporting, as evidenced by its published sustainability reports.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 35,166,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 29,992,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 3,345,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - | - | - |
How Carbon Intensive is M&T Bank's Industry?
How Carbon Intensive is M&T Bank's Location?
M&T Bank's Scope 3 Categories Breakdown
M&T Bank's Scope 3 emissions, which decreased by 31% last year and decreased by approximately 61% since 2017, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 3% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
M&T Bank'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.
M&T Bank 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.
