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U.S. Bancorp, commonly referred to as US Bank, is a prominent financial institution headquartered in the United States. Established in 1998 through the merger of several regional banks, it has grown to become a leading player in the financial intermediation services sector, excluding insurance and pension funding. The company operates extensively across the US, providing a broad range of banking and financial services to individuals, businesses, and institutions.
Specialising in retail banking, commercial banking, and payment services, US Bank is recognised for its innovative digital banking solutions and customer-centric approach. Its strong market position is underpinned by a robust network of branches and a reputation for stability and reliability. As a key player in the financial services industry, US Bank continues to evolve, maintaining its status as a trusted provider in the competitive US banking landscape.
57
DitchCarbon score
+20 vs industry average
Us Bancorp’s score of 57 is higher than 71% 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
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Us Bancorp's reported carbon emissions
US Bancorp, a US-based company in the financial intermediation services sector, reported total carbon emissions of approximately 529.6 million kg CO2e in 2024. This included Scope 1 emissions of about 60.4 million kg CO2e, Scope 2 market-based emissions of roughly 354.8 million kg CO2e, and Scope 3 emissions. Key Scope 3 categories for 2024 were business travel at approximately 63.2 million kg CO2e, employee commute at around 58.3 million kg CO2e, downstream leased assets at about 77.3 million kg CO2e, waste generated in operations at roughly 47.1 million kg CO2e, and fuel and energy-related activities at approximately 6.8 million kg CO2e.
Looking at previous years, US Bancorp's total emissions were about 178.3 million kg CO2e in 2023, approximately 156.2 million kg CO2e in 2022, and around 221.7 million kg CO2e in 2021.
US Bancorp has established several climate commitments and reduction targets. The company aims for net-zero greenhouse gas emissions by 2050, including financed emissions. They have a target to source 100% renewable electricity within their operations by 2025. US Bancorp also committed to $50 billion in environmental financing by 2030.
The company previously set a near-term target in 2016 to reduce Scope 1 and 2 (market-based) emissions by 40% by 2029 from a 2014 baseline. They achieved this reduction early, by the end of 2019. US Bancorp is continuing to work towards a long-term absolute reduction target of 60% for Scope 1 and 2 (market-based) emissions by 2044, also against a 2014 baseline. The company has also joined the Partnership for Carbon Accounting Financials (PCAF) to measure and disclose financed emissions.
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Us Bancorp’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
5 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Us Bancorp8 months ago
57
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