Wells Fargo Education Financial Services Sustainability Profile
Wells Fargo Education Financial Services, a division of Wells Fargo & Company, is headquartered in the United States and operates extensively across the nation. Founded in 1852, Wells Fargo has established itself as a leader in the financial services industry, particularly in education financing. The company offers a range of core products, including student loans, refinancing options, and financial literacy resources, designed to support students and families in achieving their educational goals. What sets Wells Fargo apart is its commitment to personalised service and comprehensive financial solutions tailored to individual needs. With a strong market position, Wells Fargo Education Financial Services has garnered recognition for its innovative approach to education financing, helping millions of students navigate the complexities of funding their education.
DitchCarbon Score
How does Wells Fargo Education Financial Services'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 Education Financial Services'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 Education Financial Services, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. As a current subsidiary of Wells Fargo & Company, any climate commitments or emissions data would be inherited from its parent organisation. Wells Fargo & Company has set various climate-related initiatives, including targets under the Science Based Targets initiative (SBTi) and commitments to renewable energy through the RE100 initiative. However, specific reduction targets or achievements for Wells Fargo Education Financial Services are not detailed in the available data. The organisation's climate strategy is aligned with broader corporate sustainability efforts, which include commitments to reduce greenhouse gas emissions across all scopes. As of now, there are no documented reduction targets or significant achievements reported for Wells Fargo Education Financial Services. For further insights into their climate commitments, it is advisable to refer to the overarching strategies of Wells Fargo & Company, which may provide a clearer picture of their environmental impact and goals.
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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 Education Financial Services's Industry?
How Carbon Intensive is Wells Fargo Education Financial Services's Location?
Wells Fargo Education Financial Services's Scope 3 Categories Breakdown
Wells Fargo Education Financial Services'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 Education Financial Services'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 Education Financial Services 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.
