Us Bancorp
U.S. Bancorp, the parent company of U.S. Bank, is a leading financial services provider headquartered in the United States. Founded in 1863, the company has established a strong presence across major operational regions, including the Midwest and West Coast. Operating within the banking industry, U.S. Bancorp offers a diverse range of services, including personal and commercial banking, investment management, and payment solutions. Renowned for its commitment to customer service and innovative financial products, U.S. Bancorp has achieved significant milestones, such as being consistently ranked among the top banks in the United States. Its core offerings, including digital banking solutions and tailored financial advice, set it apart in a competitive market. With a robust market position, U.S. Bancorp continues to drive growth and enhance its reputation as a trusted financial partner.
DitchCarbon Score
How does Us Bancorp's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Us Bancorp's score of 64 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Us Bancorp's reported carbon emissions
In 2023, U.S. Bancorp reported total carbon emissions of approximately 48,108,000 kg CO2e. This figure includes Scope 1 emissions of about 36,798,000 kg CO2e and Scope 2 emissions of approximately 7,584,000 kg CO2e (market-based). Notably, Scope 3 emissions were significant, with business travel contributing about 38,426,000 kg CO2e and employee commuting accounting for approximately 56,028,000 kg CO2e. U.S. Bancorp has set ambitious carbon reduction targets, aiming for a 40% reduction in greenhouse gas (GHG) emissions by 2029, using 2014 as the baseline year. This target encompasses both Scope 1 and Scope 2 emissions. Additionally, the company has committed to a long-term goal of achieving a 60% reduction by 2044. Furthermore, U.S. Bancorp has pledged to reach net zero GHG emissions by 2050, demonstrating a strong commitment to climate action. In 2022, the company reported total emissions of approximately 156,194,000 kg CO2e globally, with Scope 1 emissions at about 38,206,000 kg CO2e and Scope 2 emissions (market-based) at approximately 9,902,000 kg CO2e. The significant Scope 3 emissions in 2022 included business travel at around 23,206,000 kg CO2e and employee commuting at about 55,642,000 kg CO2e. Overall, U.S. Bancorp's climate commitments reflect a proactive approach to reducing its carbon footprint and addressing climate change, aligning with industry standards and expectations.
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| 2014 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 60,412,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 354,799,000 | - | - | 000,000,000 | 000,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 114,415,000 | - | - | - | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Us Bancorp is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
