Our Approach to Environmental Responsibility

At U.S. Bank, we care deeply about promoting sustainable business practices while supporting economic growth – it is one of the reasons that we have invested more than $18 billion in environmentally beneficial business opportunities since 2008. It is also one of the reasons U.S. Bank was named a World’s Most Ethical Company by the Ethisphere Institute for the fourth year in a row.

Since we serve a broad spectrum of enterprises across a diverse array of industries –we embrace a balanced approach as we address climate change and the needs of our communities, customers, employees and shareholders.

U.S. Bank embraces our responsibility to be a good steward of our natural resources. We have implemented a 'continuous improvement' approach by protecting and conserving our natural resources through methods such as:

  • Developing business practices that protect and conserve our natural resources.
  • Embracing opportunities for new products, services and partnerships that improve how environmentally sustainable we are.
  • Adopting new technologies, such as renewable resources, that continue to reduce our carbon footprint.

Many of these approaches can create long-term value for our stakeholders through increased revenues, reduced costs and reduced risks. But just as importantly, these tactics can help improve the world we all share.

Leading the Change

Our commitment to the environment starts with our President and CEO, Andy Cecere:

"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. We do this through reducing our use of natural resources, environmentally beneficial lending and investments, developing products and services that help our customers reduce their environmental impact and increased due diligence around our lending practices for high impact industries."

Our Initiatives

U.S. Bank leads and participates in numerous initiatives to become more environmentally responsible.  This includes setting goals to measure our progress.

We have committed to reducing our operational greenhouse gas (GHG) emissions by 40% by 2029 and 60% by 2044, using a 2014 baseline.

Learn more about our programs -view articles, statistics and other information that showcases how we are committed to empowering environmental change.

Visit Environmental Initiatives

Our Environmental Policy

U.S. Bank's Environmental Responsibility Policy is the centerpiece for our sustainability governance and guides us in how we improve our sustainability efforts today and in the future.

Download Our Environmental Policy

Governance

We are dedicated to making a positive contribution to a sustainable environment by developing business practices to protect and conserve natural resources. We believe that being good environmental stewards is good not just for communities but for our business. This commitment is led by our Board of Directors and senior leaders:

CEO - Our Chief Executive Officer leads our Company's work to take proactive steps to integrate a corporate social responsibility and environmental lens across our business decision making.

Board Governance - Our Board's Public Responsibility Committee reviews and considers our Comapny's position and practices on matters of public interest and public responsibility. This includes specific oversight of the Company's policies and programs related to corporate social responsibility matters, including environmental responsibility.

Corporate Social Responsibility team - The Chief Corporate Social Responsibility Officer oversees the Company's committment to being a good steward of the environemnt through philanthropic giving and employee engagement. This position plays a critical role in ensuring the Company takes proactive steps to integrate a corporate social responsibility and environmental lens across business decision making. As part of this effort the Chief Corporate Social Responsibility Officer provides regular updates on the Company's environmental sustainability efforts to the Board's Public Responsibility Committee.

Environmental Reporting and Recognition

We have worked hard over the past two years to strengthen our environmental governance and programs, which has been recognized through a significant increase in our CDP (formerly known as Carbon Disclosure Project) grade.  We’re proud to have received an A- from CDP in both 2016 and 2017.

We report on our environmental responsibility efforts through annual submission of the CDP questionnaire.

2017 Report

2016 Report

2015 Report

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