BNY Mellon Sustainability Profile
BNY Mellon, officially known as The Bank of New York Mellon Corporation, is a leading global investments company headquartered in the United States. Established in 1784, it has a rich history marked by significant milestones, including the merger of The Bank of New York and Mellon Financial Corporation in 2007. Operating primarily in North America, Europe, and Asia, BNY Mellon excels in the financial services industry, focusing on asset management and securities services. Its core offerings include investment management, custody services, and treasury services, distinguished by a commitment to innovation and client-centric solutions. Recognised for its strong market position, BNY Mellon serves a diverse clientele, including institutions, corporations, and individuals, and is celebrated for its expertise in navigating complex financial landscapes.
DitchCarbon Score
How does BNY Mellon'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
BNY Mellon's score of 35 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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BNY Mellon's reported carbon emissions
In 2022, BNY Mellon reported total carbon emissions of approximately 75,200,000 kg CO2e, comprising 7,520,000 kg CO2e from Scope 1, 1,450,000 kg CO2e from Scope 2 (market-based), and 6,450,000 kg CO2e from Scope 3 related to business travel. This marked a significant reduction from 2021, where total emissions were about 95,885,000 kg CO2e, with Scope 1 at 6,214,000 kg CO2e, Scope 2 at 89,671,000 kg CO2e, and Scope 3 at 1,219,000 kg CO2e. BNY Mellon has set an ambitious target to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 20% from a 2018 baseline by 2025. This commitment aligns with methodologies developed by the Science Based Targets initiative (SBTi), demonstrating the company's dedication to sustainable practices and climate responsibility. The emissions data is not cascaded from any parent organization, indicating that BNY Mellon independently reports its carbon footprint and climate commitments. The company continues to focus on reducing its environmental impact while enhancing transparency in its sustainability efforts.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 9,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 3,350,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 19,700,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is BNY Mellon's Industry?
How Carbon Intensive is BNY Mellon's Location?
BNY Mellon's Scope 3 Categories Breakdown
BNY Mellon's Scope 3 emissions, which increased by 429% last year and decreased by approximately 67% since 2012, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 42% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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BNY Mellon'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.
BNY Mellon 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.
