M&T Bank Corp
M&T Bank's GHG Emissions Data Preview
In 2023, 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 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 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 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 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 |
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Verified Sources Behind M&T Bank’s Greenhouse Gas (GHG) Emissions Data
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Insights into M&T Bank's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of M&T Bank amounted to 54,582 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 M&T Bank decreased by 8.03%, 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 2023, the total Scope 1 emissions of M&T Bank were 17,124 metric tons of COâ‚‚ equivalent (tCOâ‚‚e). a
Has M&T Bank reduced its Scope 1 emissions over time?
Since 2018, M&T Bank's Scope 1 emissions have decreased by 15.28%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), M&T Bank's Scope 1 emissions decreased by 9.51%, 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 2023, M&T Bank reported Scope 2 greenhouse gas (GHG) emissions of 37,458 tCOâ‚‚e using the location-based method. a
Has M&T Bank reduced its Scope 2 emissions over time?
Compared to the previous year (2022), M&T Bank's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that M&T Bank 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does M&T Bank use for Scope 2 reporting?
In 2023, 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
- Total Scope 2 (Unspecified Calculation Method)
Insights into M&T Bank's Value Chain Emissions
In 2023, M&T Bank reported 7,349 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 2023 disclosure of M&T Bank 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
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 2023, M&T Bank reported total Scope 3 emissions of 7,349 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 2018, M&T Bank's Scope 3 emissions have remained relatively stable, indicating that M&T Bank 's emissions have plateaued with no significant change in its value chain footprint. a b
Compared to the previous year (2022), M&T Bank's Scope 3 emissions increased by 56.36%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does M&T Bank disclose?
In 2023, 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 2023, the largest contributors to M&T Bank's Scope 3 emissions were: a
- Business Travel (Cat. 6): 7,349 tCOâ‚‚e (100%)
M&T Bank's Scope 3 Emissions by Categories
Insights into M&T Bank's Total Carbon Footprint
In 2023, M&T Bank reported a total carbon footprint of 61,931 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.31% decrease compared to 2022, 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 60.48% of the company's total carbon footprint, followed by Scope 1 emissions at 27.65%. a