WELLS FARGO
Wells Fargo & Company, commonly known as Wells Fargo, is a leading financial services provider headquartered in the United States. Established in 1852, the company has grown to become a prominent player in the banking industry, with a significant presence across major operational regions, including the West Coast and the Midwest. Wells Fargo offers a diverse range of products and services, including personal and commercial banking, investment management, and mortgage solutions. Its commitment to customer service and innovative financial solutions sets it apart in a competitive market. The company has achieved notable milestones, such as being one of the largest banks in the US by assets, reflecting its strong market position and reputation for reliability. With a focus on community engagement and sustainable practices, Wells Fargo continues to shape the financial landscape.
DitchCarbon Score
How does WELLS FARGO'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 services, except insurance and pension funding services (65) 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's score of 13 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
WELLS FARGO's reported carbon emissions
In 2023, Wells Fargo reported total carbon emissions of approximately 82410000000 kg CO2e for Scope 1, 558616000000 kg CO2e for Scope 2, and significant Scope 3 emissions, including 455831000000 kg CO2e from capital goods and 1415876000000 kg CO2e from purchased goods and services. Over the years, the bank has shown fluctuations in its emissions, with Scope 1 emissions decreasing from about 86602000000 kg CO2e in 2019 to 82410000000 kg CO2e in 2023. Scope 2 emissions also saw a reduction from 771327000000 kg CO2e in 2019 to 558616000000 kg CO2e in 2023, indicating a positive trend towards lowering their carbon footprint. Wells Fargo has not publicly committed to specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. However, the bank's ongoing efforts to monitor and report its emissions reflect a commitment to addressing climate change and improving sustainability practices within its operations.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 86,602,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 4,988,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000,000 |
| Scope 3 | 3,603,193,000,000 | 0,000,000,000,000 | 0,000,000,000,000 | 0,000,000,000,000 | 0,000,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
WELLS FARGO is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
