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.
+27 vs industry average
Us Bancorp’s score of 62 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Us Bancorp's reported carbon emissions
In 2024, U.S. Bancorp reported total carbon emissions of approximately 179.5 million kg CO2e. This figure includes Scope 1 emissions of about 34.0 million kg CO2e, Scope 2 emissions (market-based) of approximately 7.1 million kg CO2e, and Scope 3 emissions, which encompass employee commuting (about 58.3 million kg CO2e) and downstream leased assets (approximately 13.9 million kg CO2e). U.S. Bancorp has set ambitious climate commitments, aiming for a 40% reduction in greenhouse gas emissions by 2029, relative to a 2014 baseline. This target encompasses both Scope 1 and Scope 2 emissions. Additionally, the company has established a long-term goal of achieving a 60% reduction by 2044. Furthermore, U.S. Bancorp has committed to reaching net zero emissions by 2050, demonstrating its dedication to addressing climate change and reducing its carbon footprint across all scopes. The emissions data is not cascaded from any parent organization, indicating that U.S. Bancorp independently reports its climate impact and commitments.
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Us Bancorp’s Climate Goals (2030 & 2050)
8 goals2044
60% reduction in Scope 2
Target reference number Abs 2. Year target was set 2016. Target coverage Company-wide. Scope(s) (or Scope 3 category) Scope 1+2 (market-base…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Us Bancorp
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