Wells Fargo & Company

Banks
WFC
$ 42 (3.7)%
Share price
$ 160 bn
Market Cap
$ 160 bn
Enterprise Value

Carbon footprint

0.54 Ton
GHG emissions per $ 1 mln investment
0.02x the weighted average for S&P 500
FY2020
How is this calculated?
-11%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

Secondary Climate Goal

-3.3%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -6.9% weighted average for S&P 500
FY2021
How is this calculated?

Wells Fargo & Company aims to achieve net zero for all Scopes by 2050


This target has not been verified as science based according to SBTi
Wells Fargo & Company's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Wells Fargo & Company's GHG emissions (market-based) (Kt of CO2e)
Wells Fargo & Company's Carbon intensity (Tons per 1 USDm)

Wells Fargo & Company's carbon footprint

Wells Fargo & Company reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2020 at 86 Kt (-11 /-11.3% y-o-y). At the same time, carbon intensity climbed to 1.2 t (+0.1/+9.1% y-o-y).

Wells Fargo & Company's Scope 3 emissions was down at 2,468 Kt (-1,143 /-31.6% y-o-y). The decline accelerated compared to the CAGR of -11% since 4Q'17.

The company is committed to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -85 Kt per annum over the period of FY2021 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Wells Fargo & Company achieved carbon neutrality across its operations (Scope 1 + 2) in 2019. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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