Us Bancorp Sustainability Profile
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 56 is higher than 79% 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 178,331,000 kg CO2e. This figure includes Scope 1 emissions of about 36,798,000 kg CO2e, Scope 2 emissions (market-based) of approximately 7,584,000 kg CO2e, and significant Scope 3 emissions, which include business travel (about 38,426,000 kg CO2e), employee commute (approximately 56,028,000 kg CO2e), downstream leased assets (around 21,203,000 kg CO2e), and waste generated in operations (about 18,293,000 kg CO2e). U.S. Bancorp has set ambitious carbon reduction targets, aiming for a 40% reduction in greenhouse gas emissions by 2029, with a long-term goal of achieving a 60% reduction by 2044. These targets encompass both Scope 1 and Scope 2 emissions, using 2014 as the base year. Additionally, the company has committed to reaching net-zero emissions by 2050, demonstrating a strong commitment to climate action and sustainability. The emissions data and reduction targets are sourced directly from U.S. Bancorp, with no cascading from a parent organization. The company actively discloses its emissions and climate strategies, aligning with industry standards for transparency and accountability in environmental performance.
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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 |
How Carbon Intensive is Us Bancorp's Industry?
How Carbon Intensive is Us Bancorp's Location?
Us Bancorp's Scope 3 Categories Breakdown
Us Bancorp's Scope 3 emissions, which increased by 67% last year and increased by approximately 21% since 2014, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 76% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 41% of Scope 3 emissions.
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Us Bancorp's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Us Bancorp has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
