Wells Fargo

Wells Fargo, a Commercial Banking institution headquartered in the US, reported its Scope 1 emissions as approximately 78,482,000 kg CO2e and its Scope 2 (market-based) emissions as around 1,426,000 kg CO2e for 2025. This follows reported Scope 1 emissions of approximately 79,285,000 kg CO2e and Scope 2 (market-based) emissions of about 2,372,000 kg CO2e in 2024. For 2023, the company's Scope 1 emissions were approximately 82,410,000 kg CO2e and Scope 2 (market-based) emissions were around 3,633,000 kg CO2e.

In 2022, Wells Fargo's Scope 1 emissions were approximately 77,476,000 kg CO2e, Scope 2 (market-based) emissions were about 4,424,000 kg CO2e, and Scope 3 emissions included approximately 1,300,698,000 kg CO2e from purchased goods and services, 293,289,000 kg CO2e from capital goods, 289,051,000 kg CO2e from employee commute, 123,938,000 kg CO2e from fuel and energy-related activities, 27,403,000 kg CO2e from business travel, and 12,730,000 kg CO2e from waste generated in operations.

Wells Fargo has set a long-term goal for net-zero greenhouse gas emissions by 2050 across its Scope 1, 2, and 3 financed emissions, with a start year of 2023. The company also has near-term targets to reduce Scope 1 and Scope 2 greenhouse gas emissions by 70% from 2019 levels by 2030. Additionally, Wells Fargo aims to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 50% from 2019 levels by 2030. Historically, the company targeted a 45% reduction in Scope 1 and Scope 2 greenhouse gas emissions from a 2008 baseline by 2020. An earlier target aimed for a 35% reduction in absolute greenhouse gas emissions below 2008 levels by 2020. The company also has a near-term target to reduce its power sector portfolio emissions intensity to 102 kgCO2e/MWh, representing a 63% reduction from 2019 levels by 2030.