- Data accuracy and availability remain a challenge in the industry for financed emissions calculations.
- Evolving regulatory landscape for climate and ESG disclosure and risk management.
- Potential for strategic and reputational risks related to climate change.
- Cybersecurity threats.
The Bank of New York Mellon Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, The Bank of New York Mellon Corporation disclosed greenhouse gas emissions of 28.3K mt CO2e (Scope 1 2 Market-Based 3 Category 6). By scope: Scope 1: 7.1K mt CO2e; Scope 2: 97.4K mt CO2e (Location-Based + Market-Based); Scope 3: 19.8K mt CO2e (Category 6). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
28.3K mt CO2e (Scope 1 2 Market-Based 3 Category 6)
2023
Renewable Energy
100%
of total energy
Water Usage
277 Megaliters
2023
Waste
12.1M pounds
2023
Energy Use
237.4K MWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 7.1K mt CO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 97.4K mt CO2e (Location-Based + Market-Based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 19.8K mt CO2e (Category 6) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 28.3K mt CO2e (Scope 1 2 Market-Based 3 Category 6) |
| 2021 | 97.1K tCO2e/year |
| 2020 | 110.6K Metric Tonnes of CO2e |
| 2019 | Zero net carbon emissions (Scope 1 and 2 and business travel emissions) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved carbon neutrality in operations for nine consecutive years.
- Reduced water consumption by 41% relative to a 2015 baseline.
- Achieved 81% landfill diversion rate.
- 100% of electricity used powered by renewable sources (through RECs).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 and Scope 2 (location-based) GHG emissions by 50% relative to a 2018 base year by 2030.
📅 Medium-term
- Reduce absolute financed emissions in Oil & Gas sector by 31% by 2030.
- Reduce portfolio physical emissions intensity (PEI) in Power sector by 46-55% by 2030.
🌱 ESG Focus Areas
An Inclusive EconomySustainable SolutionsTrustEnvironmentResponsible BusinessPeople and Communities