Bank of New York Mellon

Banks

$ 47 0.32

Share price

$ 36 bn

Market Cap

$ 36 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.01x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

FY2022

Bank of New York Mellon aims to reduce Scope 1 + 2 by 20% by 2025 from a base year 2018

This target is most likely outdated and the company appears to have already achieved it

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Bank of New York Mellon reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 8.2 Kt (-0.17 /-2% y-o-y). At the same time, carbon intensity remained flat at 0.5 t.

Bank of New York Mellon's Scope 3 emissions was down at 1.2 Kt (-1 /-46% y-o-y). This is broadly in line with the declining trend (CAGR -41.6%) since 4Q'17.

The company is committed to reducing Scope 1 + 2 by 20% by 2025 from a base year 2018, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	8.2	6.2	2	1.2	16,162	0.5
2020Q4	8.4	5.9	2.4	2.3	15,472	0.5
2019Q4	11	8.1	3.4	15	16,487	0.7
2018Q4	10	8	2.5	17	16,403	0.6
2017Q4	11	8.3	2.2	18	15,567	0.7