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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.
37
DitchCarbon score
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.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
M&T Bank's reported carbon emissions
M&T Bank, a financial intermediation services provider headquartered in the US, has reported its greenhouse gas emissions for recent years, primarily focusing on Scope 1 and Scope 2.
For 2024, M&T Bank reported Scope 1 emissions of approximately 17.9 million kg CO2e and Scope 2 emissions of about 33.7 million kg CO2e. In 2023, Scope 1 emissions were approximately 18.8 million kg CO2e, and Scope 2 emissions were around 41.9 million kg CO2e. The previous year, 2022, saw Scope 1 emissions of approximately 18.9 million kg CO2e and Scope 2 emissions of about 40.4 million kg CO2e.
Historical data shows that in 2021, M&T Bank's Scope 1 emissions totalled approximately 16.4 million kg CO2e, with Scope 2 emissions at approximately 21.7 million kg CO2e. Scope 3 emissions, specifically business travel, were reported at around 1.3 million kg CO2e for that year. In 2020, Scope 1 emissions were approximately 18.1 million kg CO2e and Scope 2 emissions were about 22.6 million kg CO2e, with business travel contributing around 1.9 million kg CO2e in Scope 3.
Looking further back, Scope 1 emissions in 2019 were approximately 22.1 million kg CO2e, and Scope 2 emissions were around 26.0 million kg CO2e, with business travel accounting for about 7.1 million kg CO2e in Scope 3. In 2018, M&T Bank reported Scope 1 emissions of approximately 20.2 million kg CO2e and Scope 2 emissions of about 29.6 million kg CO2e. Scope 3 emissions for 2018 included approximately 3.5 million kg CO2e for business travel and about 3.4 million kg CO2e for employee commute. For 2017, Scope 1 emissions were approximately 18.0 million kg CO2e, Scope 2 emissions were about 30.0 million kg CO2e, and Scope 3 emissions included roughly 3.3 million kg CO2e for employee commute.
M&T Bank's sustainability reporting indicates that Scope 3 data for purchased goods and services is a missing data point across these reporting years. The provided information does not detail any specific reduction targets or climate commitments, nor are there any indications of data cascading from a parent organisation.
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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
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Climate Action 100
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Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
M&T Bank6 months ago
37
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