- Challenges associated with data availability and quality
- Evolving standards and methodologies for measuring, reporting and verifying ESG-related metrics
- Evolving information security threats
Wells Fargo & Company
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Wells Fargo & Company disclosed greenhouse gas emissions of 86.0K MTCO2e (Scope 1 & 2 market-based). By scope: Scope 1: 82.4K MTCO2e; Scope 2: 558.6K MTCO2e (location-based); Scope 3: 3.4M MTCO2e (categories 3 and 7). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
86.0K MTCO2e (Scope 1 & 2 market-based)
2023
Renewable Energy
101% (of total electricity consumption)
of total energy
Water Usage
6.1M cubic meters
2023
Waste
51.4K short tons
2023
Energy Use
1.8M MWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 82.4K MTCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 558.6K MTCO2e (location-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 3.4M MTCO2e (categories 3 and 7) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 86.0K MTCO2e (Scope 1 & 2 market-based) |
| 2021 | 857.9K MTCO2e (Scope 1 & 2 location based) 2021 |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced total energy consumption by 18% from 2019 baseline
- Reduced water consumption by 22% from 2019 baseline
- Reduced total waste stream by 37% from 2019 baseline
- Met 100% of global electricity consumption with renewable energy (primarily unbundled Renewable Energy Certificates)
- Originated, committed, advised, or facilitated approximately $178 billion in sustainable finance (2021-2023)
🎯 Climate & Sustainability Targets
📅 Medium-term
- $500 billion in sustainable finance by 2030
🔭 Long-term
- Net zero emissions
🌱 ESG Focus Areas
Climate ActionCommunity ImpactCorporate Governance and EthicsRisk ManagementEmployee Well-being