In 2024, 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 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 8,291a | 7,147a | 7,520a | |
Total Scope 2 | ||||
Market-Based | 1,586a | 1,289a | 1,450a | |
Location-Based | 91,036a | 96,117a | 94,371a | |
Total Scope 3 | 22,522a | 19,825a | 6,450a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.4541a | 0.4133a | 0.469a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Bank of New York Mellon amounted to 99,327 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 2023, the total operational greenhouse gas (GHG) emissions of Bank of New York Mellon decreased by 3.81%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Bank of New York Mellon were 8,291 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Bank of New York Mellon's Scope 1 emissions have increased by 2.33%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Bank of New York Mellon's Scope 1 emissions increased by 16.01%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Bank of New York Mellon reported Scope 2 greenhouse gas (GHG) emissions of 1,586 tCO₂e using the market-based method and 91,036 tCO₂e using the location-based method.a
Since 2019, Bank of New York Mellon's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 30.08%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), 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
In 2024, Bank of New York Mellon reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Bank of New York Mellon reported 22,522 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 2024 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 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Bank of New York Mellon reported total Scope 3 emissions of 22,522 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
Since 2019, Bank of New York Mellon's Scope 3 emissions have increased by 54.21%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Bank of New York Mellon's Scope 3 emissions increased by 13.6%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, 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.
In 2024, the largest contributors to Bank of New York Mellon's Scope 3 emissions were:a
In 2024, Bank of New York Mellon reported Scope 1 greenhouse gas (GHG) emissions of 8,291 tCO₂e and total revenues of USD 18,258 millions. This translates into an emissions intensity of 0.45 tCO₂e per millions USD.a
In 2024, Bank of New York Mellon reported a Scope 1 emissions intensity of 0.45 tCO₂e per millions USD. Compared to the peer group median of 0.56, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Bank of New York Mellon ranked 11 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Bank of New York Mellon is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Bank of New York Mellon reported a total carbon footprint of 121,849 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.01% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Bank of New York Mellon's total carbon footprint was Scope 2 emissions, accounting for 74.71% of the company's total carbon footprint, followed by Scope 3 emissions at 18.48%.a