Ditchcarbon
  • Contact
  1. Organizations
  2. Wells Fargo
Public Profile
Financial Intermediation
US
updated 9 days ago

Wells Fargo

Company website

Wells Fargo & Company, commonly known as Wells Fargo, is a leading financial services provider headquartered in the United States. Established in 1852, the company has grown to become a prominent player in the banking industry, with significant operations across North America and a presence in various international markets. Wells Fargo offers a diverse range of services, including personal and commercial banking, investment management, and mortgage lending. Its unique approach combines innovative technology with a commitment to customer service, setting it apart in a competitive landscape. The company has achieved notable milestones, including being one of the largest banks in the US by assets, reflecting its strong market position and reputation for reliability. With a focus on community engagement and sustainable practices, Wells Fargo continues to shape the future of banking.

DitchCarbon Score

How does Wells Fargo'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.

67

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.

30

Industry Benchmark

Wells Fargo's score of 67 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.

82%

Let us know if this data was useful to you

Wells Fargo's reported carbon emissions

In 2024, Wells Fargo reported total greenhouse gas emissions of approximately 79,285,000 kg CO2e for Scope 1 and about 2,372,000 kg CO2e for Scope 2 (market-based), resulting in a combined total of approximately 81,657,000 kg CO2e for both scopes. In 2023, the emissions were higher, with Scope 1 at about 82,410,000 kg CO2e and Scope 2 (market-based) at approximately 3,633,000 kg CO2e, leading to a total of around 86,044,000 kg CO2e. Wells Fargo has set ambitious climate commitments, aiming for a 70% reduction in Scope 1 and 2 emissions from 2019 levels by 2030. This goal follows a previous commitment to reduce emissions by 45% from a 2008 baseline by 2020, which they have been working towards. The company has also committed to achieving net-zero emissions across all scopes by 2050, as part of their Science Based Targets initiative (SBTi) commitments. In terms of specific emissions data, for 2022, Wells Fargo reported Scope 1 emissions of approximately 77,476,000 kg CO2e, Scope 2 emissions (market-based) of about 4,424,000 kg CO2e, and significant Scope 3 emissions, including approximately 1,300,698,000 kg CO2e from purchased goods and services. Wells Fargo's operational sustainability goals reflect a strong commitment to reducing their carbon footprint, with ongoing efforts to improve energy efficiency and transition to renewable energy sources. The company’s emissions data and reduction targets are sourced from Wells Fargo & Company, ensuring a comprehensive approach to their climate strategy.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20082009201020112018201920202021202220232024
Scope 1
147,099,000
000,000,000
000,000,000
000,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
Scope 2
1,701,639,000
0,000,000,000
0,000,000,000
0,000,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 3
107,274,000
000,000,000
000,000,000
000,000,000
0,000,000,000
-
-
0,000,000,000
0,000,000,000
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Wells Fargo's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Wells Fargo is in US, which has a low grid carbon intensity relative to other regions.

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.

Wells Fargo is participating in some 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Similar Organizations

Ubs

CH
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 12 hours ago

Wells Fargo Corporation

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 21 days ago

Paypal

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 5 days ago

Mastercard

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 1 day ago

Us Bancorp

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 days ago

Banorte

MX
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 4 days ago

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

Ditchcarbon
v251005.1
[email protected]+44 203 475 7875Ditch Carbon Ltd167-169 Great Portland StreetLondon W1W 5PF
UL Solutions verification badge
CDP logo
Gartner Cool Vendor 2025 badge
ProductPortalScope 3 Tool FunctionalityDataIntegrationsPricing
CustomersHaleonGrant ThorntonHikmaRead all stories
SolutionsProcurement teamsSustainability teamsPlatform ownersCarbon accountants
ResourcesCalculation MethodologyDocumentationBlogFAQOrganizationsIndustriesSBTI APITrust CentreChangelog
AboutTeamCareersLicense AgreementPrivacy