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Public Profile
Wholesale Trade
SG
updated 3 months ago

Merrill Lynch Markets Singapore Pte. Ltd. Sustainability Profile

Company website

Merrill Lynch Markets Singapore Pte. Ltd., a prominent subsidiary of Bank of America, is headquartered in Singapore and serves as a key player in the financial services industry across the Asia-Pacific region. Founded in 1914, the firm has established itself as a leader in investment banking, wealth management, and trading services, catering to a diverse clientele that includes corporations, institutions, and high-net-worth individuals. Merrill Lynch Markets offers a unique suite of products and services, including equity and fixed-income trading, investment advisory, and risk management solutions. Its commitment to innovation and client-centric strategies has positioned the firm as a trusted partner in navigating complex financial landscapes. With a strong market presence and a reputation for excellence, Merrill Lynch Markets continues to achieve notable milestones in the competitive financial sector.

DitchCarbon Score

How does Merrill Lynch Markets Singapore Pte. Ltd.'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.

40

Industry Average

Mean score of companies in the Wholesale Trade 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.

26

Industry Benchmark

Merrill Lynch Markets Singapore Pte. Ltd.'s score of 40 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.

70%

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Merrill Lynch Markets Singapore Pte. Ltd.'s reported carbon emissions

Inherited from Bank of America Corporation

Merrill Lynch Markets Singapore Pte. Ltd., headquartered in Singapore (SG), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The organisation is a current subsidiary of Bank of America Corporation, which may influence its climate commitments and performance metrics. As a part of its corporate family, Merrill Lynch Markets Singapore Pte. Ltd. inherits climate-related initiatives and targets from Bank of America Corporation, which operates under various sustainability frameworks. However, specific reduction targets or achievements for Merrill Lynch Markets Singapore Pte. Ltd. have not been disclosed, and there are no documented climate pledges or SBTi (Science Based Targets initiative) commitments available at this time. In the context of the financial services industry, it is essential for organisations like Merrill Lynch Markets Singapore Pte. Ltd. to align with broader climate goals and initiatives, particularly as they relate to reducing carbon footprints and enhancing sustainability practices. The lack of specific emissions data highlights an opportunity for the organisation to establish clearer climate commitments and reporting in the future.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201020192020202120222023
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 Markets Singapore Pte. Ltd.'s Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Merrill Lynch Markets Singapore Pte. Ltd.'s primary industry is Wholesale Trade, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Merrill Lynch Markets Singapore Pte. Ltd.'s Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Merrill Lynch Markets Singapore Pte. Ltd. is in SG, which has a very low grid carbon intensity relative to other regions.

Merrill Lynch Markets Singapore Pte. Ltd.'s Scope 3 Categories Breakdown

Merrill Lynch Markets Singapore Pte. Ltd.'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

2023
Purchased Goods and Services
48%
Downstream Transportation & Distribution
28%
Employee Commuting
10%
Fuel and Energy Related Activities
5%
Upstream Transportation & Distribution
4%
Business Travel
3%
Capital Goods
1%
Waste Generated in Operations
<1%
End-of-Life Treatment of Sold Products
<1%
Use of Sold Products
<1%

Merrill Lynch Markets Singapore Pte. Ltd.'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 Markets Singapore Pte. Ltd. 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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