Wells Fargo Limited Sustainability Profile
Wells Fargo Limited, a prominent player in the financial services industry, is headquartered in the United States and operates extensively across North America. Founded in 1852, the company has a rich history marked by significant milestones, including its evolution into a diversified financial institution. Wells Fargo offers a wide range of core products and services, including banking, investment, mortgage, and insurance solutions, distinguished by their commitment to customer service and innovation. The company holds a strong market position, recognised for its extensive branch network and robust digital banking capabilities. With a focus on community engagement and sustainable practices, Wells Fargo Limited continues to adapt to the changing financial landscape, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Wells Fargo Limited'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 Limited's score of 68 is higher than 82% 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 Limited, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company is part of a corporate family that includes Wells Fargo & Company, from which it inherits its climate commitments and initiatives. Wells Fargo & Company has set ambitious climate targets, which are cascaded down to Wells Fargo Limited. These include commitments to reduce emissions in line with the Science Based Targets initiative (SBTi) and other sustainability frameworks. However, specific reduction targets or achievements for Wells Fargo Limited are not detailed. The company is engaged in various climate initiatives, including participation in the RE100 and the Climate Pledge, although specific metrics or outcomes from these initiatives are not provided. As a merged entity, Wells Fargo Limited aligns its climate strategy with that of its parent company, focusing on long-term sustainability and carbon reduction efforts. In summary, while Wells Fargo Limited does not disclose specific emissions data, it is committed to climate action through inherited targets and initiatives from Wells Fargo & Company, reflecting a broader industry trend towards sustainability and accountability in carbon emissions management.
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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 Limited's Industry?
How Carbon Intensive is Wells Fargo Limited's Location?
Wells Fargo Limited's Scope 3 Categories Breakdown
Wells Fargo Limited'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 Limited'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 Limited 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.
