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 33 is higher than 56% 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 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 and 37,212,000 kg CO2e from Scope 2 emissions. Additionally, the bank's Scope 3 emissions, primarily from business travel, accounted for about 7,519,000 kg CO2e. This data reflects a commitment to transparency in their environmental impact, with emissions disclosed across all three scopes. Comparatively, in 2022, M&T Bank's total emissions were approximately 59,350,000 kg CO2e, indicating a reduction in overall emissions in 2023. The breakdown for 2022 included 18,924,000 kg CO2e from Scope 1, 40,426,000 kg CO2e from Scope 2, and 4,700,000 kg CO2e from Scope 3 emissions. This trend suggests a positive trajectory towards reducing their carbon footprint. Despite the absence of specific reduction targets or initiatives outlined in their sustainability reports, M&T Bank's ongoing efforts to monitor and report emissions demonstrate a commitment to addressing climate change. The bank's emissions data is not cascaded from any parent organisation, ensuring that the figures are reflective of their direct operations. M&T Bank's headquarters is located in the United States, and their revenue for 2023 was approximately $8.998 billion, underscoring the scale of their operations and the importance of their climate commitments in the financial sector.
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| 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 | 0,000,000 | 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 participating in any of the initiatives that 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.
