Wells Fargo Equipment Finance, Inc. Sustainability Profile
Wells Fargo Equipment Finance, Inc., a prominent subsidiary of Wells Fargo & Company, is headquartered in the United States and operates extensively across North America. Established in 1990, the company has carved a niche in the equipment finance industry, specialising in providing tailored financing solutions for a diverse range of sectors, including construction, manufacturing, and transportation. With a robust portfolio of services, Wells Fargo Equipment Finance offers unique products such as equipment leasing, loans, and fleet management solutions, designed to meet the specific needs of businesses. The company is recognised for its strong market position, leveraging the extensive resources of its parent company to deliver exceptional customer service and innovative financing options. Notable achievements include a consistent ranking among the top equipment finance providers in the industry, underscoring its commitment to excellence and client satisfaction.
DitchCarbon Score
How does Wells Fargo Equipment 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 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 Equipment Finance, Inc.'s score of 46 is higher than 68% 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 Equipment Finance, Inc., 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 emissions data or climate commitments would be inherited from its parent organisation. Wells Fargo & Company has set various climate commitments, including science-based targets (SBTi) and initiatives aimed at reducing carbon emissions across its operations. However, specific reduction targets or achievements for Wells Fargo Equipment Finance, Inc. are not detailed in the available information. The company is part of a broader corporate family that is actively engaged in climate initiatives, including commitments to the RE100 and Climate Pledge, although specific details on these initiatives are not provided. As such, while Wells Fargo Equipment Finance, Inc. is aligned with its parent company's climate strategies, precise emissions figures and reduction 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 Equipment Finance, Inc.'s Industry?
How Carbon Intensive is Wells Fargo Equipment Finance, Inc.'s Location?
Wells Fargo Equipment Finance, Inc.'s Scope 3 Categories Breakdown
Wells Fargo Equipment 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 Equipment 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 Equipment 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.
