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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
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).
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.
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).
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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:
- 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.
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%.