M&T Bank | Council for Inclusive Capitalism

Founded in 1856 in Buffalo, New York, we're a community-focused bank that serves customers in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, Washington D.C., and Florida. We are proud to continue our tradition of reliability in the way we serve our customers and support the communities where we live and work.

We offer advice, guidance, expertise, and solutions across the entire financial spectrum, combining M&T’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust.

We provide banking, insurance, investments, mortgage, and commercial financial services to more than 4 million customers through over 750 offices, nearly 1,800 ATMs, and a variety of digital services.

Purpose

Great companies have an enduring sense of purpose, and ours is to make a difference in people’s lives. We’re driven to help, and we encourage and enable our customers, colleagues and communities to thrive.

With our customers, we listen so we can understand their needs and aspirations, then provide the support, guidance and financial solutions they need to achieve their dreams.

With our colleagues, we work to understand their professional goals so we can empower them with technology, training, and opportunities to build a purpose-driven career with us.

With our communities, we partner to understand the challenges they face and their opportunities for growth so we can help every town and city we serve reach its fullest potential.

René Jones

Chairman and Chief Executive Officer, M&T Bank

Find out more

We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use

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People

Planet

Principles of Governance

Prosperity

Summary

M&T Bank will be carbon neutral by 2035.

Activities & Initiatives

M&T Bank’s goal of carbon neutrality by 2035 is based on our scope 1 and 2 emissions and will be achieved through continued energy savings and fuel replacements. In addition, we will explore offsetting residual emissions using instruments like credible and effective carbon offsets and/or carbon removals only credits.

Measures & Targets

M&T Bank will measure progress by tracking scope 1 and 2 emissions and the impact of continued use of energy saving and fuel replacement efforts, and by tracking the adoption of instruments like credible and effective carbon offsets and/or carbon removals only credits, with a goal of reaching carbon neutrality by 2035.

Summary

M&T Bank will reduce its operational greenhouse gas emissions by using 100% renewable power by 2030

Activities & Initiatives

M&T Bank is assessing renewable energy opportunities across our footprint to determine an impactful and cost effective approach to using renewable power. We plan to use a portfolio of solutions to meet this goal.

Measures & Targets

M&T Bank will measure progress by tracking the percent of energy sourced from renewable sources, including through Renewable Energy Certificates, with a goal of reaching 100% by 2030.

Summary

M&T Bank will support sustainable waste management by reducing waste to landfill by 20 percent by 2025

Activities & Initiatives

M&T Bank continues to monitor our annual waste streams, including contamination rates, and build upon the recycling programs and other waste reduction efforts we have accomplished to date. In addition, we continue to evaluate new programs and opportunities to meet our waste reduction target.

Measures & Targets

M&T Bank will measure progress by tracking pounds of non-diverted waste to landfill with a goal of 20% reduction by 2025.

Summary

M&T Bank will work to conserve and protect water resources by decreasing its water consumption by 20% by 2025

Activities & Initiatives

M&T will continue upgrading plumbing to be more efficient during site renovations, and will use water consumption data to identify opportunities for capital investment and behavior change to reduce water usage.

Measures & Targets

M&T Bank will measure progress by tracking gallons of water used with a goal of 20% reduction by 2025 (with 2019 as a baseline).

Summary

M&T Bank will support high-quality, durable infrastructure that has a substantial and positive environmental impact by investing $1 billion in renewable energy sector projects by 2027 (in line with our Community Growth Plan).

Activities & Initiatives

M&T Bank is expanding investments in renewable power, both for our own operations and by supporting renewable energy projects through tax equity-based investments. The renewable energy projects will enable us to facilitate the transition to a low-carbon economy.

Measures & Targets

M&T Bank will measure progress by tracking the investments in dollars in renewable energy projects with a goal of $1 billion invested (cumulative) by 2027.

Summary

The M&T Charitable Foundation will allocate $250,000 total, over the next 3 years, for the People United for Sustainable Housing (PUSH Buffalo)'s 2,500 square foot Net-Zero Sustainable Workforce Training Center.

Activities & Initiatives

The M&T Charitable Foundation will provide grant funding for PUSH Buffalo's workforce development programs with the purpose of aiding in meeting climate and energy standards while also increasing access for BIPOC communities in the fields of clean energy and sustainability. It will place workers in the renewable energy and green construction sector and offer training to Buffalo's low-income residents who are underemployed, jobless, returning citizens and youth not on a college track. Trainees will be subsequently matched with contractors, building relationships for long-term workforce development.

Measures & Targets

Over the next 3 years, the M&T Charitable Foundation will provide $250,000 total of grant funding to PUSH’s Net-Zero Sustainable Workforce Training Center.

Summary

M&T is committing to transparently and consistently communicating on our Environmental, Social and Governance performance and outcome by updating and expanding our ESG report, SASB report, and share our first TCFD report in 2022.

Activities & Initiatives

M&T is committed to adding transparency for all stakeholders on our societal and environmental impacts.

Measures & Targets

M&T has taken our first steps in 2021 by publishing an ESG report including our first Sustainability Accounting Standards Board (SASB) report. In 2022 we will update and expand our ESG report, SASB report, and share our first Task Force on Climate-related Financial Disclosures (TCFD) report.

Sign up your company

Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.