Merrill Lynch, Pierce, Fenner & Smith Incorporated Sustainability Profile
Merrill Lynch, Pierce, Fenner & Smith Incorporated, commonly known as Merrill Lynch, is a prominent financial services firm headquartered in the United States. Established in 1914, the company has evolved into a key player in the wealth management and investment banking sectors, serving clients across North America and globally. Merrill Lynch offers a diverse range of core services, including investment advisory, asset management, and brokerage services, distinguished by its commitment to personalised client solutions. The firm has achieved notable milestones, such as its integration with Bank of America, enhancing its market position and expanding its service offerings. Recognised for its innovative approach and extensive research capabilities, Merrill Lynch continues to be a trusted partner for individuals and institutions seeking comprehensive financial strategies. With a legacy of excellence, the firm remains a leader in the competitive financial landscape.
DitchCarbon Score
How does Merrill Lynch, Pierce, Fenner & Smith Incorporated'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, Pierce, Fenner & Smith Incorporated's score of 40 is higher than 62% 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, Pierce, Fenner & Smith Incorporated, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. The organisation is a current subsidiary of Bank of America Corporation, which may influence its climate commitments and emissions reporting. As of now, there are no documented reduction targets or climate pledges from Merrill Lynch, Pierce, Fenner & Smith Incorporated. The absence of specific emissions data and reduction initiatives suggests that the firm may rely on broader corporate strategies and commitments established by its parent company, Bank of America Corporation. Given the lack of direct emissions data, it is important to note that Merrill Lynch's climate commitments may be aligned with industry standards and practices, but specific details are not provided. The firm’s approach to carbon emissions and climate action remains unclear without further information from its parent organisation or additional disclosures.
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Access structured emissions data, company-specific emission factors, and source documents
| 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, Pierce, Fenner & Smith Incorporated's Industry?
How Carbon Intensive is Merrill Lynch, Pierce, Fenner & Smith Incorporated's Location?
Merrill Lynch, Pierce, Fenner & Smith Incorporated's Scope 3 Categories Breakdown
Merrill Lynch, Pierce, Fenner & Smith Incorporated'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, Pierce, Fenner & Smith Incorporated'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, Pierce, Fenner & Smith Incorporated 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.
