Embracing our responsibility
Since 2008, we have invested more than $22 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 sixth 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.”
Andy Cecere
U.S. Bank Chairman, President and CEO
Environmental initiatives in action
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.
As of year-end 2018, we have reduced our emissions by 28% and are continuing to follow sustainable principles in the design of our new facilities with plans to maintain this focus in the future.
Our environmental policy
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.
Environmental reporting and recognition
We work hard to continuously strengthen our environmental governance and programs, which has been recognized through a significant increase in our CDP (formerly known as Carbon Disclosure Project) grade over the past few years. We’re proud to have received an A- from CDP in 2016, 2017, 2018 and 2019.
year U.S. Bank