Mellon Financial Corp., Network Services Electronic Funds Transfer Processing Unit Sustainability Profile
Mellon Financial Corporation, commonly referred to as Mellon, is a prominent player in the financial services industry, specialising in electronic funds transfer processing. Headquartered in the United States, the company has established a significant presence in major operational regions across North America and beyond. Founded in the early 20th century, Mellon has achieved numerous milestones, solidifying its reputation as a trusted provider of innovative financial solutions. Mellon's core offerings include a comprehensive suite of electronic payment processing services, designed to enhance transaction efficiency and security for businesses and consumers alike. What sets Mellon apart is its commitment to leveraging cutting-edge technology and industry expertise, ensuring seamless integration and exceptional customer service. With a strong market position and a history of notable achievements, Mellon Financial Corporation continues to be a leader in the electronic funds transfer sector, driving advancements in payment processing.
DitchCarbon Score
How does Mellon Financial Corp., Network Services Electronic Funds Transfer Processing Unit'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 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
Mellon Financial Corp., Network Services Electronic Funds Transfer Processing Unit's score of 23 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mellon Financial Corp., Network Services Electronic Funds Transfer Processing Unit, currently does not have specific carbon emissions data available for the most recent year. The organisation is part of a corporate family that cascades emissions data from U.S. Bancorp, which is at a cascade level of 3. However, no specific emissions figures or reduction targets have been provided. In terms of climate commitments, there are no documented reduction initiatives or targets from Mellon Financial Corp. itself. The absence of specific climate pledges or initiatives suggests that the organisation may be in the early stages of developing its sustainability strategy. As a merged entity, it is important to note that any climate-related data or commitments may be influenced by the broader policies and practices of U.S. Bancorp. This context highlights the need for further transparency and action in addressing carbon emissions and climate change within the financial services sector.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 60,412,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 354,799,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 114,415,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Mellon Financial Corp., Network Services Electronic Funds Transfer Processing Unit's Industry?
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Mellon Financial Corp., Network Services Electronic Funds Transfer Processing Unit's Scope 3 Categories Breakdown
Mellon Financial Corp., Network Services Electronic Funds Transfer Processing Unit's Scope 3 emissions, which increased by 24% last year and increased by approximately 17% since 2014, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 75% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 42% of Scope 3 emissions.
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Mellon Financial Corp., Network Services Electronic Funds Transfer Processing Unit'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.
Mellon Financial Corp., Network Services Electronic Funds Transfer Processing Unit 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.
