US Bancorp
US Bancorp's GHG Emissions Data Preview
In 2024, US Bancorp completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
US Bancorp has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  b | 0000000 |
Location-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  b | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  b | 0000000 |
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aVerified Sources Behind US Bancorp’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore US Bancorp’s data sources below and access millions more through our Disclosure Search.
Insights into US Bancorp's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of US Bancorp amounted to 193,916 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of US Bancorp decreased by 4.9%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
US Bancorp's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are US Bancorp's Scope 1 emissions?
In 2024, the total Scope 1 emissions of US Bancorp were 34,015 metric tons of CO₂ equivalent (tCO₂e).a
Has US Bancorp reduced its Scope 1 emissions over time?
Since 2019, US Bancorp's Scope 1 emissions have decreased by 30.07%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), US Bancorp's Scope 1 emissions decreased by 7.56%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are US Bancorp's Scope 2 emissions?
In 2024, US Bancorp reported Scope 2 greenhouse gas (GHG) emissions of 7,113 tCO₂e using the market-based method and 159,901 tCO₂e using the location-based method.a
Has US Bancorp reduced its Scope 2 emissions over time?
Since 2019, US Bancorp's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 37.52%, reflecting a declining long-term trend in Scope 2 emissions over time.ad
Compared to the previous year (2023), US Bancorp's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that US Bancorp's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does US Bancorp use for Scope 2 reporting?
In 2024, US Bancorp reported its Scope 2 emissions using the market-based method and using the location-based method.a
US Bancorp's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into US Bancorp's Value Chain Emissions
In 2024, US Bancorp reported 138,342 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of US Bancorp includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
US Bancorp's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are US Bancorp's Scope 3 emissions?
In 2024, US Bancorp reported total Scope 3 emissions of 138,342 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 89.95% of these emissions originated from upstream activities such as purchased goods and capital goods, while 10.05% came from downstream activities like product use, distribution, and end-of-life treatment.a
Has US Bancorp reduced its Scope 3 emissions over time?
Since 2019, US Bancorp's Scope 3 emissions have decreased by 18.9%, reflecting a declining long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), US Bancorp's Scope 3 emissions decreased by 99.17%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does US Bancorp disclose?
In 2024, US Bancorp reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of US Bancorp's Scope 3 emissions?
In 2024, the largest contributors to US Bancorp's Scope 3 emissions were:a
- Employee Commuting (Cat. 7): 58,305 tCO₂e (42.15%)
- Business Travel (Cat. 6): 38,608 tCO₂e (27.91%)
- Waste Generated in Operations (Cat. 5): 20,709 tCO₂e (14.97%)
US Bancorp's Scope 3 Emissions by Categories
Insights into US Bancorp’s GHG Emissions Intensity Compared to Industry Peers
In 2024, US Bancorp reported Scope 1 greenhouse gas (GHG) emissions of 34,015 tCO₂e and total revenues of USD 27,334 millions. This translates into an emissions intensity of 1.24 tCO₂e per millions USD.a
US Bancorp's Scope 1 Emissions Intensity Compared to Peers
How does US Bancorp's GHG emissions intensity compare to its peers?
In 2024, US Bancorp reported a Scope 1 emissions intensity of 1.24 tCO₂e per millions USD. Compared to the peer group median of 1.31, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does US Bancorp rank on GHG emissions intensity within its industry?
In 2024, US Bancorp ranked 12 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
US Bancorp is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into US Bancorp's Total Carbon Footprint
In 2024, US Bancorp reported a total carbon footprint of 332,258 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 98.04% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to US Bancorp's total carbon footprint was Scope 2 emissions, accounting for 48.13% of the company's total carbon footprint, followed by Scope 3 emissions at 41.64%.a