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M&T Bank Corp
M&T Bank's Climate Target Data Preview
As of 2024, M&T Bank has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into M&T Bank's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2027 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Verified Sources Behind M&T Bank’s Climate Targets Data
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Insights into M&T Bank's Greenhouse Gas Emissions Pathways
As of 2024, M&T Bank has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.a
Does M&T Bank have a target to reduce the emissions from its operations?
As of 2024, M&T Bank has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
M&T Bank's most ambitious operational target is to reduce these emissions by 45% by 2030, compared to a baseline of 60,661 Metric Tonnes of CO2 equivalent (mtCO2e) in 2023.a
As of 2024, M&T Bank is ahead of schedule on its operational emissions reduction target, having achieved 33.13% of the planned reduction.a