U.S. Bancorp published its 2024 Corporate Responsibility Report in November 2025, providing an account of the bank's environmental, social, and governance performance during the preceding financial year. The report disclosed that U.S. Bancorp had invested USD 22.9 billion in environmental initiatives between 2021 and the end of 2024, towards a goal of USD 50 billion by 2030, and that it has a goal of net zero greenhouse-gas emissions by 2050.
The report also showed Scope 1 and Scope 2 (market-based) emissions roughly 90% below the bank's 2014 baseline year, with U.S. Bancorp sourcing 99.9% of its electricity from renewable sources at year-end 2024.
RENEWABLE ELECTRICITY
The bank's renewable electricity comes through renewable energy certificates from projects financed via its renewable energy tax credit investing and renewable energy purchased through utility providers, alongside energy reduction efforts.
The USD 22.9 billion was invested in environmental initiatives from 2021 to the end of 2024, primarily in clean transportation and renewable energy. The figure is tracked against the bank's goal of USD 50 billion in environmental initiatives by 2030.
COMMUNITY INVESTMENT
Beyond the environmental data, the 2024 Corporate Responsibility Report documents social investment activity. U.S. Bancorp provided USD 509 million of capital to Community Development Financial Institutions and other intermediaries in 2024. The bank also reports progress on its five-year, USD 100 billion Community Benefits Plan. CDFIs are mission-driven lenders in underserved communities.
The report stated that nearly 1.8 million people received financial health support through U.S. Bancorp's philanthropy, volunteerism and education programmes during 2024. Under the five-year, USD 100 billion Community Benefits Plan, which U.S. Bank began implementing on 1 January 2023, the bank reported USD 61.2 billion invested nationally from the plan's launch through year-end 2024. The 2024 Corporate Responsibility Report is available on U.S. Bancorp's sustainability and investor relations pages and maps its disclosures to the SASB and GRI reporting standards and includes an emissions verification letter.