Wells Fargo

Wells Fargo's reported carbon emissions

In 2024, Wells Fargo reported total greenhouse gas emissions of approximately 82,000,000 kg CO2e, comprising 79,285,000 kg CO2e from Scope 1 and 2,372,000 kg CO2e from Scope 2 (market-based). The previous year, 2023, saw total emissions of approximately 86,044,000 kg CO2e, with Scope 1 emissions at 82,410,000 kg CO2e and Scope 2 emissions at 3,633,000 kg CO2e (market-based). Wells Fargo has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 greenhouse gas emissions by 70% from 2019 levels by 2030. This goal reflects a significant commitment to operational sustainability, building on earlier targets to reduce emissions by 45% from a 2008 baseline by 2020. The company has not disclosed Scope 3 emissions data, which includes indirect emissions from sources such as purchased goods and services. However, it is committed to engaging suppliers to set science-based targets for their emissions, representing 60% of applicable Scope 3 emissions by 2024. Wells Fargo's climate initiatives are supported by its membership in the Science Based Targets initiative (SBTi), reinforcing its commitment to long-term sustainability and net-zero emissions by 2050 across all scopes.