Wells Fargo Merchant Services LLC Sustainability Profile
Wells Fargo Merchant Services LLC, a subsidiary of the renowned Wells Fargo & Company, is headquartered in the United States and operates extensively across North America. Established in 1994, the company has become a key player in the financial services industry, specialising in payment processing solutions for businesses of all sizes. Wells Fargo Merchant Services offers a comprehensive suite of products, including credit card processing, point-of-sale systems, and e-commerce solutions, distinguished by their robust security features and user-friendly interfaces. The company is recognised for its commitment to customer service and innovative technology, positioning itself as a trusted partner for merchants seeking to enhance their payment capabilities. With a strong market presence and a reputation for reliability, Wells Fargo Merchant Services continues to achieve significant milestones, solidifying its status as a leader in the merchant services sector.
DitchCarbon Score
How does Wells Fargo Merchant Services LLC'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 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 Merchant Services LLC's score of 48 is lower than 100% 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 Merchant Services LLC, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Wells Fargo & Company, which may influence its climate commitments and reporting practices. As part of its corporate family, Wells Fargo Merchant Services LLC inherits climate initiatives and targets from Wells Fargo & Company, which operates at a cascade level of three. However, there are no documented reduction targets or significant climate pledges available for this subsidiary. Wells Fargo & Company has made commitments to address climate change, but specific details regarding emissions reductions or targets for Wells Fargo Merchant Services LLC are not disclosed. The lack of emissions data and reduction initiatives suggests that the company may still be in the early stages of formalising its climate strategy. In summary, while Wells Fargo Merchant Services LLC is part of a larger organisation with climate commitments, it currently lacks specific emissions data and reduction targets.
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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 Merchant Services LLC's Industry?
How Carbon Intensive is Wells Fargo Merchant Services LLC's Location?
Wells Fargo Merchant Services LLC's Scope 3 Categories Breakdown
Wells Fargo Merchant Services LLC'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 Merchant Services LLC'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 Merchant Services LLC 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.
