Wells Fargo
Wells Fargo & Company, commonly known as Wells Fargo, is a leading financial services provider headquartered in San Francisco, California. Established in 1852, the company has evolved into a major player in the banking industry, with a strong presence across the United States and internationally. Wells Fargo operates in various sectors, including personal banking, commercial banking, investment services, and wealth management. Its core offerings, such as mortgages, credit cards, and investment products, are distinguished by a commitment to customer service and innovative solutions tailored to individual needs. With a rich history marked by significant milestones, Wells Fargo has consistently maintained a strong market position, recognised for its extensive branch network and digital banking capabilities. The company’s dedication to community engagement and sustainable practices further enhances its reputation as a trusted financial partner.
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 29 is higher than 64% 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
As of 2022, Wells Fargo reported total carbon emissions of approximately 670,972,000 tonnes CO2e, with emissions distributed across various scopes: 77,476,000 tonnes CO2e for Scope 1, 593,495,000 tonnes CO2e for Scope 2, and significant contributions from Scope 3 emissions, including 1,300,698,000 tonnes CO2e from purchased goods and services. Wells Fargo has made notable strides in reducing its carbon footprint over the years. For instance, from 2018 to 2022, the bank has focused on enhancing energy efficiency and transitioning to renewable energy sources, which has contributed to a decrease in Scope 1 and 2 emissions. The bank's emissions per employee have also improved, with 2,900 tonnes CO2e reported in 2020, down from higher figures in previous years. Wells Fargo is committed to aligning its climate strategies with industry standards, including the Science Based Targets initiative (SBTi). The bank has set ambitious targets to reduce its greenhouse gas emissions, although specific reduction targets were not detailed in the available data. The bank's ongoing efforts reflect a commitment to sustainability and responsible environmental stewardship, aiming to mitigate climate change impacts while supporting a transition to a low-carbon economy.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2008 | 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.
