Merrill Lynch & Co., Inc. Sustainability Profile
Merrill Lynch & Co., Inc., commonly referred to as Merrill, is a leading financial services firm headquartered in the United States. Established in 1914, Merrill has evolved into a prominent player in the wealth management and investment banking sectors, serving clients across North America and globally. The firm offers a diverse range of services, including investment advisory, asset management, and brokerage services, distinguished by its commitment to personalised client solutions and innovative financial strategies. Merrill's strong market position is underscored by its extensive network and a reputation for excellence, making it a trusted partner for individuals and institutions alike. With a rich history of key milestones, Merrill continues to adapt and thrive in the ever-changing financial landscape.
DitchCarbon Score
How does Merrill Lynch & Co., Inc.'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
Merrill Lynch & Co., Inc.'s score of 40 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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Merrill Lynch & Co., Inc., headquartered in the US, currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The company is part of a corporate family relationship with Bank of America Corporation, from which it inherits emissions data and climate commitments. As a merged entity, Merrill Lynch's climate initiatives and performance metrics are influenced by Bank of America Corporation's sustainability strategies. However, no specific reduction targets or climate pledges have been outlined for Merrill Lynch itself. The absence of documented reduction initiatives suggests that the company may rely on broader corporate strategies established by its parent organisation. In the context of climate commitments, Merrill Lynch's performance is likely aligned with the overarching goals of Bank of America, which has made significant strides in addressing climate change. This includes participation in initiatives such as the Carbon Disclosure Project (CDP), from which it cascades relevant data. Overall, while specific emissions data for Merrill Lynch is not available, its climate commitments are expected to reflect the sustainability efforts of Bank of America Corporation, focusing on reducing carbon footprints and enhancing environmental responsibility within the financial services sector.
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| 2010 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 106,870,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,644,068,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,450,834,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Merrill Lynch & Co., Inc.'s Industry?
How Carbon Intensive is Merrill Lynch & Co., Inc.'s Location?
Merrill Lynch & Co., Inc.'s Scope 3 Categories Breakdown
Merrill Lynch & Co., Inc.'s Scope 3 emissions, which increased by 7% last year and increased by approximately 146% since 2010, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 48% of Scope 3 emissions.
Top Scope 3 Categories
Merrill Lynch & Co., Inc.'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.
Merrill Lynch & Co., Inc. 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.
