U.S. Bancorp
#12 in North America for fossil fuel financing.
Your bank is failing on climate responsibility.
U.S. Bancorp is heavily involved in funding the fossil fuel industry, providing $4.9 billion for fossil fuel expansion and $12.8 billion in total fossil fuel funding in 2023.
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Despite having board-level climate governance and alignment with the Task Force on Climate-related Financial Disclosures (TCFD), its lack of fossil fuel exclusion policy, validated cliamte transition plan, and missing emissions report hinder its commitment to sustainability.
Your bank may be ignoring the Paris Agreement.
The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.
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