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Wells Fargo & Co

Country
United States
Sector
Financial Services
Industry
Banks - Diversified
Employees
210,821
Ticker
WFC
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Wells Fargo & Co. is a diversified financial services company providing a wide array of banking, investment, mortgage, and consumer and commercial finance services. Operating predominantly in the Unit...

Wells Fargo & Co's Energy Data Preview

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

Wells Fargo & Co 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, Wells Fargo & Co also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.

Finally, Wells Fargo & Co also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate Wells Fargo & Co's reliance on fossil fuels versus cleaner alternatives.

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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Limited Data Preview
You are viewing a limited preview of Wells Fargo & Co’s Energy dataset. The full dataset, available for download, includes reported energy consumption and production by energy type (e.g., electricity, heat, fuels), energy source, and renewability, with historical coverage back to 2019.
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Verified Sources Behind Wells Fargo & Co’s Energy Management 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 Wells Fargo & Co’s data sources below and access millions more through our Disclosure Search.

a. Wells Fargo & Co's Sustainability Report 2024

Insights into Wells Fargo & Co's Energy Renewability

In 2023, Wells Fargo & Co consumed a total of 6.62 million Gigajoules of energy across its operations. Of this total, 82.12% 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 17.88% 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

Wells Fargo & Co's Energy Renewability Rate

82%

How much of Wells Fargo & Co's energy consumed is renewable?

In 2023, Wells Fargo & Co consumed a total of 6.62 million Gigajoules of energy, of which 82.12% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.a

This high level of renewable energy use suggests that Wells Fargo & Co has taken strong steps toward decarbonizing its energy supply and reducing its dependence on fossil fuels.

Are Wells Fargo & Co's energy practices becoming more sustainable?

Since 2019, Wells Fargo & Co's total energy consumption decreased by 17.86%, including a further 5.16% drop in 2023, highlighting a continued decline in energy use.a

Over the same period, the share of renewable energy in Wells Fargo & Co's consumption decreased by 0.76%, showing a recent negative trend in clean energy adoption.Over the same period, the share of renewable energy in Wells Fargo & Co's mix has remained relatively stable, indicating no significant changes in sourcing practices.a

Wells Fargo & Co's Renewable vs Non-renewable Energy Over Time

8.86 M4.36 M136.98 k8.86 MGigajoules (GJ)2023202220212020201982%82%82%18%18%18%
  • Renewable Energy Consumed
  • Non-renewable Energy Consumed

Insights into Wells Fargo & Co's Energy Consumption & Production Mix

In 2023, Wells Fargo & Co disclosed detailed information on the sources and generation technologies of the energy it consumed.This disclosure enables a clearer assessment of the Wells Fargo & Co's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.a

Wells Fargo & Co's Energy Consumed by Sources and Technologies

Electricity(Unspecified Source)(81.2%)Natural Gas(17.1%)

What are the main sources and generation technologies behind Wells Fargo & Co's energy consumption?

In 2023, Wells Fargo & Co's total energy consumption was primarily sourced from a

  • Electricity (Unspecified Source) (81.17%)
  • Natural Gas (17.12%)
  • Fuel Oil and Propane (1.1%)

How diverse is Wells Fargo & Co’s energy consumption mix?

In 2023, Wells Fargo & Co consumed energy from 4 different sources or generation technologies, indicating a highly concentrated energy mix, with Electricity (Unspecified Source) alone accounting for 81.17% of total consumption.a

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