Wells Fargo Corporation Sustainability Profile
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.
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 Corporation's score of 70 is higher than 83% 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 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.
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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 Corporation's Industry?
How Carbon Intensive is Wells Fargo Corporation's Location?
Wells Fargo Corporation's Scope 3 Categories Breakdown
Wells Fargo Corporation'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 Corporation'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 Corporation 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.
