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M&T Bank Corp
M&T Bank's GHG Emissions Data Preview
In 2024, M&T Bank 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).
M&T Bank 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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind M&T Bank’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore M&T Bank’s data sources below and access millions more through our Disclosure Search.
Insights into M&T Bank's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofM&T Bank amounted to51,617metric 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 M&T Bankdecreased by 14.91%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
M&T Bank's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are M&T Bank's Scope 1 emissions?
In 2024, the total Scope 1 emissions of M&T Bank were 17,889 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has M&T Bank reduced its Scope 1 emissions over time?
Since 2019, M&T Bank's Scope 1 emissions have decreased by 19.05%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), M&T Bank's Scope 1 emissions decreased by 4.65%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are M&T Bank's Scope 2 emissions?
In 2024, M&T Bank reported Scope 2 greenhouse gas (GHG) emissions of 33,728 tCOâ‚‚e using the location-based method.a
Has M&T Bank reduced its Scope 2 emissions over time?
Since 2019, M&T Bank's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 29.51%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), M&T Bank's Scope 2 emissions(Location-Based) fell by 19.5% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does M&T Bank use for Scope 2 reporting?
In 2024, M&T Bank reported its Scope 2 emissions using the location-based method.a
M&T Bank's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
Insights into M&T Bank's Value Chain Emissions
In 2024, M&T Bank reported 6,814 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of M&T Bank includes a breakdown across 1of the 15 Scope 3 categories defined by the GHG Protocol,down from 2 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
M&T Bank's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are M&T Bank's Scope 3 emissions?
In 2024, M&T Bank reported total Scope 3 emissions of 6,814 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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 M&T Bank reduced its Scope 3 emissions over time?
Since 2019, M&T Bank's Scope 3 emissionshave remained relatively stable, indicating that M&T Bank's emissions have plateaued with no significant change in its value chain footprint.ab
Compared to the previous year (2023), M&T Bank's Scope 3 emissions decreased by 99.97%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does M&T Bank disclose?
In 2024, M&T Bank 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 M&T Bank's Scope 3 emissions?
In 2024, the largest contributors to M&T Bank's Scope 3 emissions were:a
- Business Travel (Cat. 6): 6,814 tCOâ‚‚e(100%)
M&T Bank's Scope 3 Emissions by Categories
Insights into M&T Bank’s GHG Emissions Intensity Compared to Industry Peers
In 2024, M&T Bank reported Scope 1 greenhouse gas (GHG) emissions of 17,889 tCOâ‚‚e and total revenues of USD 9,231 millions. This translates into an emissions intensity of 1.94 tCOâ‚‚e per millions USD.a
M&T Bank's Scope 1 Emissions Intensity Compared to Peers
How does M&T Bank's GHG emissions intensity compare to its peers?
In 2024, M&T Bank reported a Scope 1 emissions intensity of 1.94 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.25, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does M&T Bank rank on GHG emissions intensity within its industry?
In 2024, M&T Bank ranked 20 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places M&T Bank among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into M&T Bank's Total Carbon Footprint
In 2024, M&T Bank reported a total carbon footprint of 58,431 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.73% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to M&T Bank's total carbon footprint was Scope 2 emissions, accounting for 57.72% of the company's total carbon footprint, followed by Scope 1 emissions at 30.62%.a