M&T Bank
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 37 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
M&T Bank's reported carbon emissions
In 2023, M&T Bank reported total carbon emissions of approximately 54,281,000 kg CO2e, comprising 17,069,000 kg CO2e from Scope 1 emissions, 37,212,000 kg CO2e from Scope 2 emissions, and 7,519,000 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their environmental impact, as they disclose emissions across all three scopes. Over the years, M&T Bank has shown a trend of reducing its emissions. For instance, in 2021, the total emissions were about 38,049,000 kg CO2e, indicating a significant reduction in emissions by 2023. The bank's Scope 1 emissions decreased from 16,373,000 kg CO2e in 2021 to 17,069,000 kg CO2e in 2023, while Scope 2 emissions also saw a reduction from 21,676,000 kg CO2e to 37,212,000 kg CO2e. Despite these reductions, M&T Bank has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The bank's ongoing commitment to sustainability is evident in its annual reporting and efforts to manage its carbon footprint effectively.
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Access structured emissions data, company-specific emission factors, and source documents
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 35,166,000 | 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 |
| Scope 3 | 3,345,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
M&T Bank is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
