Wells Fargo Bank, National Association
Wells Fargo Bank, National Association, commonly known as Wells Fargo, is a prominent financial institution headquartered in the United States. Established in 1852, the bank has evolved into a leading provider of financial intermediation services, excluding insurance and pension funding. With a strong presence across major operational regions, including the West Coast and Midwest, Wells Fargo serves millions of customers nationwide.
The bank offers a diverse range of core products and services, including personal banking, commercial lending, and wealth management, distinguished by its commitment to customer service and innovative solutions. As a key player in the financial sector, Wells Fargo has achieved significant milestones, including being one of the largest banks in the US by assets. Its reputation for reliability and extensive service offerings solidifies its market position as a trusted partner in financial growth and stability.
+5 vs industry average
Wells Fargo Bank, National Association’s score of 40 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Wells Fargo Bank, National Association's reported carbon emissions
Wells Fargo Bank, National Association, a financial intermediation services provider headquartered in the US, reported Scope 1 emissions of approximately 79.3 million kg CO2e for 2024. Scope 2 emissions, using the location-based method, were approximately 540.9 million kg CO2e for the same year. The market-based Scope 2 emissions were approximately 2.4 million kg CO2e. The bank has previously set targets to reduce greenhouse gas emissions by 45% from a 2008 baseline by 2020 for both Scope 1 and Scope 2. These reduction targets are inherited from its ultimate parent, Wells Fargo & Company, indicating a cascaded approach to climate commitments. While specific Scope 3 emissions data for 2024 is not available, missing data points include purchased goods and services, suggesting this is a category for further reporting.
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Wells Fargo Bank, National Association’s Climate Goals (2030 & 2050)
2 goals2020
45% reduction in Scope 1
Reduce greenhouse gas emissions 45% from 2008 baseline.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Wells Fargo Bank, National Association
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