Sustainability at U.S. Bank

Helping people, businesses and communities thrive

We’re committed to empowering communities; driving more equitable access to financial resources and capital; and supporting the transition to a low-carbon economy.

“We work hard to leverage our resources – both human and financial – to make a positive impact for people and the planet.”

– Reba Dominski, U.S. Bank Senior Executive Vice President and Chief Social Responsibility Officer

Sustainability priorities

Key environmental, social and governance pillars

Our work is guided by three pillars: lead with core values; enable a sustainable future; and increase equity, access and economic empowerment.

Our One U.S. Bank approach to sustainability.

Our approach to sustainability

We drive sustainable practices and products through a variety of strategic initiatives and teams, aiming to create a positive impact.

  • Our commitment to diversity, equity and inclusion (DEI) shows up in what we do and finds its focus in U.S. Bank Access Commitment®.
  • Our wealth management and corporate clients have access to products and services to address their ESG needs. We have an ESG Advisory team that guides clients through customized ESG financing options.
  • U.S. Bancorp Impact Finance creates positive impact for communities and the environment. It also works across the company to facilitate environmental and sustainable finance opportunities.
  • Philanthropic support includes U.S. Bank Foundation grant making, employee matching gifts, U.S. Bank corporate contributions and volunteerism to make an impact on the communities we serve.

ESG impact

At U.S. Bank, we care deeply about meeting our stakeholders’ needs, promoting sustainable business practices and supporting economic growth. We are committed to transparency in our sustainability activities.


Amount of renewable electricity sourced for our operations through a mix of strategies2


Housing units financed through our affordable housing team as of March 31, 2024


Individuals who received financial education in 2023, with a focus on underserved communities


Amount spent with minority-owned businesses in 2023

Eco-friendly debit cards

Made from recovered ocean-bound plastic

Recovered ocean-bound plastic is used in three of our eco-friendly debit card designs. CPI Card Group estimates that for every million cards produced, more than 1 ton of plastic will be diverted from entering the world's oceans, waterways and shorelines.

We partner with First Mile®, an initiative that specializes in living income, human rights and creating solutions for recycled-material supply chains in waste collector communities. First Mile created a human-powered recyclable-plastic supply chain that provides jobs for the people of Haiti and enables entrepreneurs to create real solutions for the country’s waste.

Eco-friendly debit card adoption

More than 20% of U.S. Bank debit cardmembers choose eco-friendly designs.

Our ESG initiatives in action

Diversity, equity and inclusion

U.S. Bank named one of 2024 World’s Most Ethical Companies

Environmental financing and investing

Read the full 2023 Corporate Responsibility Report.

The 2023 Corporate Responsibility Report highlights our ethical and inclusive culture and our governance practices. It also shows how we manage environmental and social risks while enabling growth for our clients and communities.

Policies and statements

Frequently asked questions

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  1. The 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.

  2. As of 2022 (the most recent data available). Strategies include purchasing renewable energy credits (RECs), energy reduction efforts within our operational footprint, and purchasing renewable energy through our utility providers.

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Investment and insurance products and services including annuities are:
Not a deposit • Not FDIC insured • May lose value • Not bank guaranteed • Not insured by any federal government agency.

U.S. Bank does not offer insurance products but may refer you to an affiliated or third party insurance provider.

The content in U.S. Bancorp’s ESG materials, including our Corporate Responsibility Reports, is accurate as of the date of each such report and is subject to change without notice. Our ESG materials supplement and should be read in conjunction with our other public disclosures, including the U.S. Bancorp 2023 Annual Report, 2024 Proxy Statement and our subsequent filings with the Securities and Exchange Commission (the “SEC”), all of which contain additional information about our company and can be found at

Our approach to the disclosures included in our ESG materials differs from our approach to the disclosures we include in other reports, including our filings with the SEC and any disclosures we may make under any other regulatory frameworks. While our ESG materials include information about ESG topics that we believe may be important to us and our stakeholders, any importance attributed to such topics nor their inclusion in our ESG materials should be read to mean that they necessarily rise to the level of materiality used for the purposes of complying with applicable securities laws and regulations or other reporting frameworks even where we use the word “material” or “materiality.” Although our ESG materials may reference certain laws and regulations, any references to “ESG,” “sustainable finance,” “net zero” or similar terms in our ESG materials should not be read to meet any jurisdiction-specific regulatory definition that may exist.

Our ESG materials contain forward-looking statements, which may include our current expectations and assumptions regarding our future activities, goals, plans and objectives, as well as other future conditions. For discussion of the risks that may cause actual results to differ from those described in forward-looking statements, refer to the sections entitled “Risk Factors” and “Forward-Looking Statements” of U.S. Bancorp’s Form 10-K for the year ended December 31, 2023, and subsequent filings with the SEC. Readers are cautioned not to place undue reliance on any forward-looking statements.

In addition, the methodologies, assumptions and estimates underlying our ESG-related strategy, analysis and data have evolved and are likely to continue to change in future periods, including as a result of regulatory, industry, scientific and other developments. In addition, certain information in our ESG materials incorporates or otherwise relies upon data from third parties, which may have been prepared in ways that are not consistent with our methodologies or practices. Except as required by law, we do not independently verify such third-party information. As a result of these and other factors, the information we present in our ESG materials could differ from that included in our prior disclosures, and information in future disclosures may differ from information contained in current disclosures.

None of the content included in our ESG materials shall be deemed to be incorporated by reference in any documents we have filed or will file with the SEC, and no reports, documents or websites that are cited or referred to in our ESG materials shall be deemed to form part of, or to be incorporated by reference into, our ESG materials. U.S. Bancorp is not responsible for the information contained on third-party websites, nor do we guarantee their accuracy and completeness. Additionally, our ESG materials may contain statements based on hypothetical scenarios and assumptions. These statements should not necessarily be considered as being indicative of current or actual risk or forecasts of expected risk. Except as required by law, U.S. Bancorp undertakes no obligation to update any statement (including both forward-looking statements and statements regarding historical periods) in our ESG materials or future disclosures.

This is not intended to provide financial advice or any type of advice or recommendations concerning the products and services offered by U.S. Bank and its affiliates or any financial institution.

U.S. Bank named one of the “World’s Most Ethical Companies®” Ethisphere Institute, February 2024 (also 2015–2023); for more information about the ‘World’s Most Ethical Company’ designation and scoring methodology, please visit

“World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC.

Investment advisory services are offered by U.S. Bancorp Asset Management, Inc., PFM Asset Management LLC.

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Loans and lines of credit are offered by U.S. Bank National Association. Deposit products are offered by U.S. Bank National Association. Member FDIC.