Wells Fargo & Co
Wells Fargo & Co's GHG Emissions Data Preview
In 2023, Wells Fargo & Co 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).
Wells Fargo & Co has also provided a category-level breakdown for 6 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 restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Wells Fargo & Co's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Wells Fargo & Co amounted to 641,026 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).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Wells Fargo & Co decreased by 4.46%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
Wells Fargo & Co's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Wells Fargo & Co's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Wells Fargo & Co were 82,410 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Wells Fargo & Co reduced its Scope 1 emissions over time?
Since 2018, Wells Fargo & Co's Scope 1 emissions have decreased by 13.54%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Wells Fargo & Co's Scope 1 emissions increased by 6.37%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are Wells Fargo & Co's Scope 2 emissions?
In 2023, Wells Fargo & Co reported Scope 2 greenhouse gas (GHG) emissions of 3,633 tCOâ‚‚e using the market-based method and 558,616 tCOâ‚‚e using the location-based method.
Has Wells Fargo & Co reduced its Scope 2 emissions over time?
Since 2018, Wells Fargo & Co's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 32.96%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), Wells Fargo & Co's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Wells Fargo & Co 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does Wells Fargo & Co use for Scope 2 reporting?
In 2023, Wells Fargo & Co reported its Scope 2 emissions using the market-based method and using the location-based method.
Wells Fargo & Co's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Wells Fargo & Co's Value Chain Emissions
In 2023, Wells Fargo & Co reported 2,405,365 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Wells Fargo & Co includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
Wells Fargo & Co's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Wells Fargo & Co's Scope 3 emissions?
In 2023, Wells Fargo & Co reported total Scope 3 emissions of 2,405,365 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Wells Fargo & Co reduced its Scope 3 emissions over time?
Since 2018, Wells Fargo & Co's Scope 3 emissions have decreased by 36.4%, reflecting a declining long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), Wells Fargo & Co's Scope 3 emissions increased by 17.5%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does Wells Fargo & Co disclose?
In 2023, Wells Fargo & Co reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Wells Fargo & Co's Scope 3 emissions?
In 2023, the largest contributors to Wells Fargo & Co's Scope 3 emissions were:
- Purchased Goods and Services (Cat. 1): 1,415,876 tCOâ‚‚e (58.86%)
- Capital Goods (Cat. 2): 455,831 tCOâ‚‚e (18.95%)
- Employee Commuting (Cat. 7): 253,813 tCOâ‚‚e (10.55%)
Wells Fargo & Co's Scope 3 Emissions by Categories
Insights into Wells Fargo & Co's Total Carbon Footprint
In 2023, Wells Fargo & Co reported a total carbon footprint of 3,046,391 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.08% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Wells Fargo & Co's total carbon footprint was Scope 3 emissions, accounting for 78.96% of the company's total carbon footprint, followed by Scope 2 emissions at 18.34%.