New report highlights long-term value of U.S. Bank corporate responsibility work

The report illustrates the bank’s commitment to being an ethical and responsible financial services provider

U.S. Bancorp today released its 2024 Corporate Responsibility Report, which addresses how corporate responsibility and sustainability activities are integrated into the bank’s business strategy.

The report covers the bank’s efforts throughout 2024 to make an impact on the communities it serves, including:

• Contributing $111.2 million in U.S. Bank corporate donations and U.S. Bank Foundation* giving
• Investing $4.6 billion in renewable energy tax equity and loans
• Providing financial education to 1.8 million individuals
• Offering $2.9 billion in affordable housing tax equity and loans
• Committing $509.1 million to community development financial institutions and other intermediaries**

The approach U.S. Bank takes to corporate responsibility is grounded in core principles encompassing ethics, integrity, a strong governance culture and a focus on people. These commitments drive the bank’s focus on risk management, product innovation, meeting Community Reinvestment Act goals, helping to close the wealth gap, focusing on customer needs, delivering for clients and building an inclusive workplace.  

“Corporate responsibility is a driver of long-term value for our business and our stakeholders,” said Greg Cunningham, senior executive vice president and chief community impact and inclusion officer. “We’re proud to share this report that highlights our commitment to the communities where we live and work, and demonstrates the positive impact we aim to make on the world around us.”

The report has been informed by external frameworks such as the Sustainability Accounting Standards Board standards and the Global Reporting Initiative reporting standards.

*U.S. Bank Foundation is a tax-exempt private foundation described in section 501(c)(3) of the Internal Revenue Code. The foundation is funded primarily through contributions from U.S. Bank National Association and its affiliates and subsidiaries. The foundation’s mission is to close the gaps between people and possibility in the areas of work, home and play.

**Figure represents total 2024 loans, equity investments, foundation grants and corporate contributions.