In 2023, M&T Bank conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Waste Generated | 3,081.071a | 2,343.929a | 2,273.717a | |
Total Waste Recovered | 721.529a | 549.664a | 500.055a | |
Total Hazardous Waste Generated | N/A | N/A | N/A | |
Non-Hazardous Waste Disposed | N/A | N/A | N/A |
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In 2023, M&T Bank generated a total of 3,081metric tonnes of waste.a
Of this amount, 23.42% of M&T Bank's total waste generated was recovered through methods such as recycling, reuse, or composting, while 76.58% was disposed of through landfilling, incineration, or combustion.a
In 2023, M&T Bank reported a total waste generation of 3,081 metric tonnes, of which 23.42% was recovered through recycling, reuse, or composting.This low recovery rate highlights limited waste diversion and suggests that M&T Bank may be relying more heavily on landfill or incineration, underscoring opportunities for stronger resource recovery initiatives.a
Since 2019, M&T Bank's total waste generation increased by 20.34%, including a 31.45%increase in 2023, indicating a persistent upward trend that may reflect scaling operations, inefficiencies in resource use, or a lack of effective waste minimization practices.a
Over the same period, M&T Bank's waste recovery rate increased by 14.41%, while holding steady in 2023, suggesting past gains in recovery performance have stabilized.a
Overall, M&T Bank’s waste generation and recovery data show a mixed and inconsistent trend. A deeper analysis of the company's activities, industry benchmarks, and operational changes is needed to assess its sustainability performance more precisely.