Bank of New York Mellon Corp

Common Name
Bank of New York Mellon
Country
United States
Sector
Financial Services
Industry
Banks - Diversified
Employees
49,900
Ticker
BK
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Bank of New York Mellon Corporation, commonly known as BNY Mellon, is a prominent financial services company that provides investment management and investment services around the globe. Founded in 17...

Bank of New York Mellon's GHG Emissions Data Preview

In 2023, Bank of New York Mellon completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Bank of New York Mellon has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Bank of New York Mellon’s Greenhouse Gas (GHG) Emissions Data

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a. Bank of New York Mellon's Sustainability Report 2023
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Insights into Bank of New York Mellon's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Bank of New York Mellon amounted to 103,264 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Bank of New York Mellon increased by 1.35%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Bank of New York Mellon's Scope 1 Emissions Over Time

20182019202020212022202302.5 k5 k7.5 k10 ktCO2e+1%-27%+5%+21%-5%
  • Total Scope 1
  • Year-over-Year Change

What are Bank of New York Mellon's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Bank of New York Mellon were 7,147 metric tons of CO₂ equivalent (tCO₂e). a

Has Bank of New York Mellon reduced its Scope 1 emissions over time?

Since 2018, Bank of New York Mellon's Scope 1 emissions have decreased by 10.72%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Bank of New York Mellon's Scope 1 emissions decreased by 4.96%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Bank of New York Mellon's Scope 2 emissions?

In 2023, Bank of New York Mellon reported Scope 2 greenhouse gas (GHG) emissions of 1,289 tCO₂e using the market-based method and 96,117 tCO₂e using the location-based method. a

Has Bank of New York Mellon reduced its Scope 2 emissions over time?

Since 2018, Bank of New York Mellon's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 32.38%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Bank of New York Mellon's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Bank of New York Mellon 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Bank of New York Mellon use for Scope 2 reporting?

In 2023, Bank of New York Mellon reported its Scope 2 emissions using the market-based method and using the location-based method. a

Bank of New York Mellon's Scope 2 Emissions Over Time

201820192020202120222023040 k80 k120 k160 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Bank of New York Mellon's Value Chain Emissions

In 2023, Bank of New York Mellon reported 19,825 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Bank of New York Mellon includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Bank of New York Mellon's Scope 3 Emissions Over Time

2018201920202021202220230850 k1.7 M2.55 M3.4 MtCO2e-15%+22510%-100%+429%+207%
  • Total Scope 3
  • Year-over-Year Change

What are Bank of New York Mellon's Scope 3 emissions?

In 2023, Bank of New York Mellon reported total Scope 3 emissions of 19,825 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Bank of New York Mellon reduced its Scope 3 emissions over time?

Since 2018, Bank of New York Mellon's Scope 3 emissions have increased by 15.3%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Bank of New York Mellon's Scope 3 emissions increased by 207.36%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Bank of New York Mellon disclose?

In 2023, Bank of New York Mellon reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Bank of New York Mellon's Scope 3 emissions?

In 2023, the largest contributors to Bank of New York Mellon's Scope 3 emissions were: a

  • Business Travel (Cat. 6): 19,825 tCO₂e (100%)

Bank of New York Mellon's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(100.0%)

Insights into Bank of New York Mellon's Total Carbon Footprint

In 2023, Bank of New York Mellon reported a total carbon footprint of 123,089 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 13.61% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Bank of New York Mellon's total carbon footprint was Scope 2 emissions, accounting for 78.09% of the company's total carbon footprint, followed by Scope 3 emissions at 16.11%. a

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