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 32 is higher than 76% 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
In 2022, Wells Fargo reported total carbon emissions of approximately 670,972,000 kg CO2e, with emissions distributed across various scopes: 77,476,000 kg CO2e from Scope 1, 593,495,000 kg CO2e from Scope 2, and significant contributions from Scope 3 emissions, including 293,289,000 kg CO2e from capital goods and 1,300,698,000 kg CO2e from purchased goods and services. Over the years, Wells Fargo has demonstrated a commitment to reducing its carbon footprint. For instance, in 2021, the bank's total emissions were about 642,952,000 kg CO2e, indicating a slight decrease in emissions from the previous year. However, specific reduction targets or initiatives have not been disclosed, and there are no documented reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges. Wells Fargo's emissions profile reflects a significant reliance on Scope 2 emissions, primarily from purchased electricity, which accounted for the majority of their total emissions. The bank's ongoing efforts to address climate change and reduce its carbon emissions are crucial in the context of the financial industry's increasing focus on sustainability and environmental responsibility.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 not committed to any 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.
