Wells Fargo Capital Finance, Inc. Sustainability Profile
Wells Fargo Capital Finance, Inc., a prominent division of Wells Fargo & Company, is headquartered in the United States and operates extensively across North America. Established in 1998, the firm has carved a niche in the financial services industry, specialising in asset-based lending, factoring, and equipment financing. Wells Fargo Capital Finance is renowned for its tailored financial solutions that cater to a diverse range of industries, including manufacturing, retail, and healthcare. Its unique approach combines deep industry expertise with a commitment to customer service, positioning the company as a trusted partner for businesses seeking flexible financing options. With a strong market presence, Wells Fargo Capital Finance has achieved significant milestones, including consistent growth in its portfolio and a reputation for reliability in the capital finance sector.
DitchCarbon Score
How does Wells Fargo Capital Finance, Inc.'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 Business Services 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 Capital Finance, Inc.'s score of 46 is higher than 70% 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 Capital Finance, Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Wells Fargo & Company, which may influence its climate commitments and initiatives. While there are no documented reduction targets or specific climate pledges from Wells Fargo Capital Finance, it is important to note that any climate-related initiatives or targets would likely be aligned with those set by its parent company, Wells Fargo & Company. This includes potential commitments to the Science Based Targets initiative (SBTi) and other sustainability frameworks, as the data cascades from the parent organisation at a level 4 relationship. In the broader context, Wells Fargo & Company has made various commitments to reduce its carbon footprint and enhance sustainability practices, which may indirectly impact Wells Fargo Capital Finance's operational strategies. However, without specific emissions data or reduction targets from Wells Fargo Capital Finance, a detailed assessment of its climate commitments remains limited.
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| 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 Capital Finance, Inc.'s Industry?
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Wells Fargo Capital Finance, Inc.'s Scope 3 Categories Breakdown
Wells Fargo Capital Finance, Inc.'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.
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Wells Fargo Capital Finance, Inc.'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 Capital Finance, Inc. 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.
