Bank of New York Mellon

Banks
BK
$ 40 1.7
Share price
$ 32 bn
Market Cap
$ 32 bn
Enterprise Value

Carbon footprint

0.26 Ton
GHG emissions per $ 1 mln investment
0.01x the weighted average for S&P 500
FY2021
How is this calculated?
-2%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

+34%
Proj. YOY change in GHG emissions (all Scopes)
FY2022
How is this calculated?

Bank of New York Mellon aims to reduce all Scopes 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This target is most likely outdated and the company appears to have already achieved it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
Bank of New York Mellon's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Bank of New York Mellon's GHG emissions (market-based) (Kt of CO2e)
Bank of New York Mellon's Carbon intensity (Tons per 1 USDm)

Bank of New York Mellon's carbon footprint

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 all Scopes 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.

Company environmental metrics

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