Wells Fargo

Wells Fargo's reported carbon emissions

Wells Fargo, a financial intermediation services provider headquartered in the US, has disclosed its carbon emissions data. In 2024, the company reported Scope 1 emissions of approximately 79,285,000 kg CO2e and Scope 2 emissions of approximately 2,372,000 kg CO2e (market-based). For 2023, Scope 1 emissions were approximately 82,410,000 kg CO2e and Scope 2 emissions were approximately 3,633,000 kg CO2e (market-based). Looking at Scope 1, 2, and 3 emissions for earlier years, in 2022, Wells Fargo reported Scope 1 emissions of approximately 77,476,000 kg CO2e, Scope 2 market-based emissions of approximately 4,424,000 kg CO2e, and significant Scope 3 emissions including approximately 1,300,698,000 kg CO2e from purchased goods and services. In 2021, Scope 1 emissions were around 73,319,000 kg CO2e, Scope 2 market-based emissions were approximately 1,792,000 kg CO2e, and Scope 3 purchased goods and services were approximately 1,429,619,000 kg CO2e. Wells Fargo has previously set targets to reduce greenhouse gas emissions by 45% from a 2008 baseline by 2020 for both Scope 1 and Scope 2. More recently, the company has set new operational sustainability goals for 2030, aiming to reduce Scope 1 and 2 GHG emissions by 70% from 2019 levels. Additionally, there is a stated goal to reduce absolute greenhouse gas emissions by 50% from 2019 levels by 2030. Wells Fargo also has a commitment to a net-zero target by 2050.