Wells Fargo Bank, National Association Sustainability Profile
Wells Fargo Bank, National Association, commonly known as Wells Fargo, is a leading financial institution headquartered in the United States. Established in 1852, the bank has a rich history marked by significant milestones, including its expansion into various financial services. With a strong presence across major operational regions, Wells Fargo serves millions of customers nationwide. Operating within the banking and financial services industry, Wells Fargo offers a diverse range of core products, including personal banking, investment services, and commercial lending. What sets Wells Fargo apart is its commitment to customer service and innovative financial solutions tailored to meet individual and business needs. As one of the largest banks in the US, Wells Fargo has achieved notable recognition for its extensive network and robust market position, making it a trusted choice for consumers and businesses alike.
DitchCarbon Score
How does Wells Fargo Bank, National Association'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 Bank, National Association's score of 46 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Wells Fargo Bank, National Association, currently does not have specific carbon emissions data available for the most recent year. However, it is important to note that the bank is a current subsidiary of Wells Fargo & Company, which may influence its climate commitments and emissions data. As part of its climate initiatives, Wells Fargo & Company has set various reduction targets, although specific details regarding these targets for Wells Fargo Bank, National Association are not disclosed. The bank's climate commitments are likely aligned with those of its parent company, which has made pledges to address climate change and reduce its carbon footprint. Wells Fargo & Company has engaged in initiatives such as the Science Based Targets initiative (SBTi) and the RE100 commitment, which aim to promote sustainable practices and reduce greenhouse gas emissions across its operations. However, specific reduction targets or achievements for Wells Fargo Bank, National Association have not been provided. In summary, while Wells Fargo Bank, National Association does not currently report specific emissions data or reduction targets, it is part of a larger corporate family that is actively engaged in climate commitments and sustainability initiatives.
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Access structured emissions data, company-specific emission factors, and source documents
| 2008 | 2009 | 2010 | 2011 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | - | - |
How Carbon Intensive is Wells Fargo Bank, National Association's Industry?
How Carbon Intensive is Wells Fargo Bank, National Association's Location?
Wells Fargo Bank, National Association's Scope 3 Categories Breakdown
Wells Fargo Bank, National Association's Scope 3 emissions, which decreased by 4% last year and increased significantly since 2008, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 64% of Scope 3 emissions.
Top Scope 3 Categories
Wells Fargo Bank, National Association's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Wells Fargo Bank, National Association has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
