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Financial Intermediation
US
updated 7 months ago

Wells Fargo Corporation

Company website

Wells Fargo Corporation, a leading financial services company headquartered in the United States, has established itself as a prominent player in the banking industry since its founding in 1852. With a strong presence across major operational regions, including the West Coast and Midwest, Wells Fargo offers a diverse range of services, including personal banking, investment management, and commercial finance. Renowned for its commitment to customer service, Wells Fargo provides unique products such as its innovative mobile banking solutions and comprehensive wealth management services. The company has achieved significant milestones, including being one of the largest banks in the US by assets, and has consistently ranked among the top financial institutions globally. With a focus on community engagement and sustainable practices, Wells Fargo continues to solidify its market position as a trusted financial partner.

DitchCarbon Score

How does Wells Fargo Corporation'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.

48

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.

30

Industry Benchmark

Wells Fargo Corporation's score of 48 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.

70%

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Wells Fargo Corporation's reported carbon emissions

Inherited from Wells Fargo & Company

Wells Fargo Corporation, headquartered in the US, currently does not provide specific carbon emissions data, as indicated by the absence of reported figures. The company is a merged entity that inherits its climate commitments and performance data from its parent organisation, Wells Fargo & Company. Despite the lack of detailed emissions data, Wells Fargo & Company has made significant climate commitments, including participation in initiatives such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). However, specific reduction targets or achievements have not been disclosed. Wells Fargo's climate strategy reflects a broader industry trend towards transparency and accountability in carbon emissions management, although concrete figures and targets remain unspecified at this time.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20082009201020112018201920202021202220232024
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
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Wells Fargo Corporation's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Wells Fargo Corporation is in US, which has a low grid carbon intensity relative to other regions.

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 Corporation is not participating in any of the initiatives that 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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