Wells Fargo Clearing Services, LLC Sustainability Profile
Wells Fargo Clearing Services, LLC, a prominent player in the financial services industry, is headquartered in the United States. Established in 2001, the firm has evolved to become a key provider of clearing and custody services, catering primarily to broker-dealers and investment advisors. With a strong presence across major operational regions in the US, Wells Fargo Clearing Services offers a comprehensive suite of products, including trade execution, settlement, and asset servicing. What sets Wells Fargo Clearing Services apart is its commitment to innovation and client-centric solutions, ensuring that financial professionals have access to the tools they need to succeed. The company has achieved notable milestones, reinforcing its market position as a trusted partner in the financial landscape. With a focus on regulatory compliance and risk management, Wells Fargo Clearing Services continues to support the evolving needs of its clients in a dynamic market.
DitchCarbon Score
How does Wells Fargo Clearing Services, LLC'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 Clearing Services, LLC's score of 44 is higher than 67% 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 Clearing Services, LLC, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. The organisation is a current subsidiary of Wells Fargo & Company, which may influence its climate commitments and emissions reporting. As part of its corporate family, Wells Fargo Clearing Services, LLC inherits climate initiatives and targets from Wells Fargo & Company, which operates at cascade level 4. However, there are no documented reduction targets or significant climate pledges specifically attributed to Wells Fargo Clearing Services, LLC. The absence of emissions data and reduction initiatives suggests that the company may still be in the process of establishing its own specific climate commitments, relying on the broader strategies of its parent organisation. This context highlights the importance of corporate responsibility in addressing climate change within the financial services sector.
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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 | 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 | - | - |
How Carbon Intensive is Wells Fargo Clearing Services, LLC's Industry?
How Carbon Intensive is Wells Fargo Clearing Services, LLC's Location?
Wells Fargo Clearing Services, LLC's Scope 3 Categories Breakdown
Wells Fargo Clearing Services, LLC's Scope 3 emissions, which decreased by 100% last year and decreased by approximately 98% since 2008, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 32% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 56552% of Scope 3 emissions.
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Wells Fargo Clearing Services, LLC'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 Clearing Services, LLC 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.
