Wells Fargo
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.
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
Wells Fargo's score of 37 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Wells Fargo's reported carbon emissions
Wells Fargo, headquartered in the US, has made significant strides in addressing its carbon emissions and climate commitments. In 2022, the bank reported total emissions of approximately 670,972,000 kg CO2e, with Scope 1 emissions at about 77,476,000 kg CO2e and Scope 2 emissions at approximately 593,495,000 kg CO2e. The Scope 3 emissions, which include indirect emissions from the value chain, were not specified in the latest data. Wells Fargo has committed to achieving net-zero emissions across all scopes by 2050, with a long-term target set to start in 2023. This commitment aligns with the Science Based Targets initiative (SBTi), which underscores the bank's dedication to reducing its carbon footprint in line with climate science. Historically, Wells Fargo's emissions have shown fluctuations, with total emissions reported at approximately 1,956,012,000 kg CO2e in 2008, gradually decreasing to about 1,714,775,000 kg CO2e in 2011. The bank's ongoing efforts reflect a broader industry trend towards sustainability and responsible environmental stewardship, aiming to mitigate climate change impacts while enhancing operational efficiency.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2008 | 2009 | 2010 | 2011 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 | 0,000,000,000 | 0,000,000,000 |
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.
Wells Fargo is committed to some reduction initiatives 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.
