Wells Fargo

Wells Fargo, a US-based commercial banking company, reported Scope 1 and Scope 2 market-based emissions of approximately 79,908,000 kg CO2e for 2025. In 2024, these emissions were around 81,657,000 kg CO2e. For 2023, the combined Scope 1 and 2 market-based emissions were about 86,044,000 kg CO2e.

Looking further back, in 2022, Wells Fargo's total disclosed emissions (Scope 1, 2, and 3) were approximately 2,053,251,000 kg CO2e. This included Scope 1 emissions of 77,476,000 kg CO2e, Scope 2 market-based emissions of 4,424,000 kg CO2e, and Scope 3 emissions totalling about 1,778,766,000 kg CO2e. Key categories for Scope 3 in 2022 included purchased goods and services (1,300,698,000 kg CO2e), capital goods (293,289,000 kg CO2e), and employee commuting (289,051,000 kg CO2e).

Wells Fargo has set a long-term net-zero goal for all Scope 1, 2, and 3 financed emissions by 2050. 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, they aim for a 63% reduction in power sector portfolio emissions intensity (102 kgCO2e/MWh) by 2030 from a 2019 baseline. Earlier targets included a 45% reduction in Scope 1 and Scope 2 greenhouse gas emissions from a 2008 baseline by 2020. The Science Based Targets initiative (SBTi) indicates Wells Fargo has committed to net-zero, with a target year of 2050.