US Bancorp

Country
United States
Sector
Financial Services
Industry
Banks - Regional
Employees
70,000
Ticker
USB
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
U.S. Bancorp provides a wide array of financial services through its primary subsidiary, U.S. Bank, which is one of the largest banks in the United States. It offers services such as commercial bankin...

US Bancorp Energy Data Preview

In 2023, US Bancorp disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.

US Bancorp also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.

Additionally, US Bancorp also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

However, US Bancorp did not provide a breakdown of its energy sources or generation technologies, limiting visibility into its energy mix and the role of renewables versus fossil fuels.

Metric (GJ)2023202220212020 - 2017
Total Energy Consumed
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Renewable Energy Consumed
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Non-renewable Energy Consumed
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Electricity Consumed
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Verified Sources Behind US Bancorp’s Energy Management Data

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a. US Bancorp's TCFD Report 2023
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Insights into US Bancorp's Energy Renewability

In 2023, US Bancorp consumed a total of 2.18 million Gigajoules of energy across its operations. Of this total, 62.75% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 37.25% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power. a

US Bancorp's Energy Renewability Rate

63%

How much of US Bancorp's energy consumed is renewable?

In 2023, US Bancorp consumed a total of 2.18 million Gigajoules of energy, of which 62.75% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power. a

This moderate level of renewable energy adoption indicates that US Bancorp is transitioning toward cleaner energy sources, though a significant share of its energy mix still relies on non-renewable inputs.

Are US Bancorp's energy practices becoming more sustainable?

Since 2020, US Bancorp's total energy consumption decreased by 12.96%, including a further 2.57% drop in 2023, highlighting a continued decline in energy use. a

Over the same period, the share of renewable energy increased by 217.63%, while holding steady in 2023, indicating past gains that have recently stabilized. a

Overall, US Bancorp’s energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the company’s environmental impact.

US Bancorp's Renewable vs Non-renewable Energy Over Time

2.21 M712.95 k2.21 MGigajoules (GJ)202020212022202320%31%62%63%80%69%38%37%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed
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