Wells Fargo sustainability score: 29/100
Better than 22% of Financial Services / Banking
Below expectations starts at 31. The highest score on SINK is 71.
Wells Fargo is a US bank headquartered in San Francisco, offering consumer and commercial banking, wealth management, investment banking and capital markets services. It had about 205,000 employees and $83.7 billion in FY2025 revenue.
Founded 1929Head office San Francisco, California, United StatesStaff ~205,000 (FY2025)Revenue $83,699M total revenue (FY2025)Website ↗
Wells Fargo dropped its financed-emissions targets and its 2050 net-zero financing goal in February 2025, and publishes no financed-emissions total or other Scope 3 data. NGO reports rank it among the largest fossil-fuel financiers, and Forest 500 scores its deforestation policies at 4%. Its operational emissions have fallen 30% since 2019 on a location basis, but that data is not independently assured.
Wells Fargo scores 29/100 (Significant gaps) on SINK's independent climate assessment, scored from public data only. Scores are free. Nobody can pay to change a score, speed it up or hide it. Last verified October 2026.
That places Wells Fargo joint 753rd of 1,023 companies scored, and joint 46th of 61 in Financial Services / Banking.
What is Wells Fargo doing well, and where does it fall short?
Strongest on Carbon Footprint: Operations and Energy Source (6/10, 6/10). Weakest on Carbon Footprint: Supply Chain and Nature & Biodiversity Impact (1/10, 2/10).
Where Wells Fargo lost points
For each question that lost points, the evidence our public rubric looks for that we didn't find.
What would raise this score
- Emissions from its supply chainAssess where its supply-chain emissions come from.
- Its effect on natureAssess its effect on nature and publish a basic environmental policy.
- Its climate targetsSet specific targets with dates.
Every question that lost points
- Emissions from its own operations6/10Its own emissions aren't independently verified or tracked over several years.
- Emissions from its supply chain1/10No assessment of where its supply-chain emissions come from.
- Whether its emissions are falling4/10No evidence of a year-on-year fall in its total emissions.
- How clean its energy is6/10Less than 90% of its energy shown to be renewable.
- Its effect on nature2/10No assessment of its effect on nature, and no basic environmental policy.
- How it uses materials and handles waste5/10No measurable waste or recycling targets reported publicly.
- Its effect on water5/10No measured water footprint with reduction targets.
- Its climate targets2/10No specific targets with dates.
- How openly it reports5/10No dedicated sustainability role, board oversight or public report.
- Its record on controversies2/10Points deducted for controversies or its business model. The finding is under question 10.
A score changes when the evidence does. We use new published evidence at the next rescore. Anyone can send us new evidence, free. How to send it.
How is Wells Fargo's SINK score calculated?
Same ten questions for every company. No private weighting.
SINK = (0.3 × Base + 0.7 × Performance) × ScaleWhat evidence is Wells Fargo's score based on?
15 sources used in this assessment. All publicly available. Each row shows which of the ten questions it informed.
33% of them were published by Wells Fargo itself; the rest come from independent sources.
10 of 15 sources are independent of the company.
“Total Scope 1 MTCO2e 86,602 79,285 78,482”
“We calculated our Scope 1 and Scope 2 GHG emissions in accordance with the GHG Protocol”
“no longer provides Scope 3 category 15 disclosures associated with the bank's loans, investments, and underwriting services”
“In 2025, Wells Fargo signed 3 renewable energy agreements supporting the construction of new solar assets in the Carolinas, Florida, and Oklahoma”
“We evaluate suppliers based on a broad range of criteria including but not limited to:”
“Climate-related impacts could also negatively affect the financial condition of our customers, increase the credit risk associated with those customers”
“Wells Fargo has dropped its goal of pursuing net-zero financed emissions across its portfolio by 2050”
“Wells Fargo ranked fifth, with $30.4 billion — just ahead of Citi, sixth, at $30.2 billion.”
“The remainder of the group included three additional U.S. banks—Wells Fargo, Morgan Stanley and Goldman Sachs”
“Wells Fargo is a member of several industry associations (US Chamber of Commerce, Bank Policy Institute, American Bankers Association) that have actively opposed climate disclosure”
“Wells Fargo is active in many financial services industry and general business trade associations.”
“reaching 100% of operations powered by renewable energy through the purchase of 2 million megawatt-hours of renewable energy certificates (RECs)”
“Wells Fargo appears to have limited transparent direct engagement on climate-related policies, and has appeared to roll back some of its climate-related reporting.”
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How does Wells Fargo compare with other financial services / banking companies?
Where Wells Fargo sits among financial services / banking peers.
Among the 61 major financial services / banking brands we've scored, Wells Fargo is tied =46th of 61, with 2 others.
Who scores higher in Financial Services / Banking?
The 3 companies in the sector scoring nearest above Wells Fargo.
Deutsche Bank's financed emissions are 634 MtCO2e in 2025, now including its clients' Scope 3 emissions and, for the first time, its asset manager DWS.
See the breakdown →Goldman Sachs reports assured operational emissions, but its Scope 1 rose 4% in 2024 and it publishes no financed-emissions total, its main footprint.
See the breakdown →DNB's financed emissions rose 64% in 2025 to 58.5 MtCO2e, partly from an acquisition and new counting methods.
See the breakdown →Which companies moved this week, and why.
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