Manufacturers and Traders Trust Company Sustainability Profile
Manufacturers and Traders Trust Company, commonly known as M&T Bank, is a prominent financial institution headquartered in the United States. Established in 1856, M&T Bank has grown to become 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, investment services, and mortgage lending, distinguished by its commitment to customer service and community engagement. M&T Bank has achieved significant milestones, including consistent recognition for its financial stability and customer satisfaction. With a strong market position, M&T Bank continues to innovate and adapt, ensuring it meets the evolving needs of its clients while maintaining a focus on responsible banking practices.
DitchCarbon Score
How does Manufacturers and Traders Trust Company'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
Manufacturers and Traders Trust Company's score of 42 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Manufacturers and Traders Trust Company (M&T Bank) currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The company is classified as a current subsidiary of M&T Bank Corporation, which may influence its climate commitments and reporting. While M&T Bank has not set specific reduction targets or made notable climate pledges, it is important to note that emissions data and climate initiatives may be inherited from its parent organization, M&T Bank Corporation. This relationship suggests that any climate commitments or emissions performance may align with the broader strategies of M&T Bank Corporation. As of now, M&T Bank has not disclosed any significant reduction initiatives or targets through the Science Based Targets initiative (SBTi) or other recognised frameworks. The lack of specific emissions data and reduction commitments indicates that the company may still be in the early stages of developing a comprehensive climate strategy. In summary, M&T Bank's current climate commitments and emissions data remain unspecified, reflecting a potential area for future development in sustainability practices within 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 |
How Carbon Intensive is Manufacturers and Traders Trust Company's Industry?
How Carbon Intensive is Manufacturers and Traders Trust Company's Location?
Manufacturers and Traders Trust Company's Scope 3 Categories Breakdown
Manufacturers and Traders Trust Company's Scope 3 emissions, which increased by 60% last year and increased by approximately 125% since 2017, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 12% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Manufacturers and Traders Trust Company'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.
Manufacturers and Traders Trust Company 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.
