Since 2008, we have invested more than $39 billion in environmentally beneficial business opportunities. We embrace a balanced approach that is centered on learning and partnering with our stakeholders as we address climate change and the needs of our communities, customers, employees and shareholders. This approach is one of the reasons why we were named a World’s Most Ethical Company by the Ethisphere Institute for the seventh year in a row.
We’re continuously working on reducing our impact on the environment. We do this by decreasing our use of natural resources, implementing environmentally responsible business practices, developing products and services that help our customers reduce their carbon footprint, investing in new products, services, and partnerships like renewable energy, and increasing our due diligence around lending in high impact industries. Our approach isn’t just better for the environment, it’s also a smarter way of doing business.
“We strive to be a responsible steward of the environment and acknowledge that we have a responsibility to our customers, employees, investors and the communities that we serve to better understand the impact of our operations on global climate change and to help reduce that impact.”
U.S. Bank Chairman, President and CEO
We are dedicated to operating in a more sustainable manner. Under a 2014 baseline, we set a goal to reduce our operational greenhouse gas (GHG) emissions by 40% by 2029 and 60% by 2044.
We are happy to share that as of year-end 2019, we have reduced our emissions by 44%, reaching our 2029 target 10 years early. We continue to work towards reaching our 2044 target and are continuing to follow sustainable principles in the design of our new facilities with plans to maintain this focus in the future.
The U.S. Bank Environmental Responsibility Policy is the centerpiece for our sustainability governance and guides us in improving our sustainability efforts today and in the future. We review our practices and policy every quarter and look for additional opportunities to make a positive impact.
We work hard to continuously strengthen our environmental governance and programs, which has been recognized through a significant increase in our CDP grade over the past few years.
We’re proud to have earned a place on CDP’s 2020 “A List” for tackling climate change. U.S. Bank is one of 53 U.S. companies and one of only six U.S. financial institutions honored for 2020. CDP, a global environmental nonprofit organization, recognized U.S. Bank for its actions to cut emissions, mitigate climate risks and develop the low-carbon economy. U.S. Bank previously received a score of A- for the last four years. Read more about our “A List” accomplishment.