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U.S. BancorpUnited States

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This profile is actively maintained
Last update: 2025-02-14 16:02:20
U.S. Bancorp tower in Minneapolis, United States. Photo: Pdx.rollingthunder via Wikimedia commons (CC BY SA 4.0)

Active

This profile is actively maintained
Last update: 2025-02-14 16:02:20
Bank info
BankTrack campaigns
All
About
Website https://www.usbank.com/index.html
Headquarters
800 Nicolett Mall
55402 Minneapolis
United States
CEO/chair Andrew J. Cecere
CEO and President
Supervisor
Federal Reserve
Ownership
listed on NYSE

US Bancorp's complete shareholder structure can be accessed here.

U.S. Bancorp, based in Minneapolis, Minnesota, is an American bank holding company and the parent company of US Bank, one of the largest banks in the United States. Established in 1968, U.S. Bancorp provides banking, brokerage, insurance, investment, mortgage, trust and payment services to consumers, businesses and institutions. It operates over 3,000 branches, mainly in the Mid-west.

Sustainability
Commitments
Policies
Voluntary standards

U.S. Bancorp's most important sustainability commitments can be found at the website sections listed below.

Links

Operating responsibly

Reports and policies

2023-11-30 00:00:00

Environmental and Social Risk Policy Statement

Bank policy
2023-11-30 00:00:00 | US Bancorp
2023-06-30 00:00:00

Human rights statement

Bank policy
2023-06-30 00:00:00 | US Bancorp
2020-03-17 00:00:00

Code of ethics and business conduct

Bank policy
2020-03-17 00:00:00 | U.S. Bancorp
2020-02-25 00:00:00

Approach to Environmental, Social, Governance

Bank policy
2020-02-25 00:00:00 | U.S. Bancorp
2020-02-11 00:00:00

Environmental responsibility policy

Bank policy
2020-02-11 00:00:00 | U.S. Bancorp
2019-05-20 00:00:00

Anti-money laundering policy

Date listed represents date as accessed on website
Bank policy
2019-05-20 00:00:00 | US Bancorp
2018-07-24 00:00:00

Supplier diversity

Date listed represents date as accessed on website
Bank policy
2018-07-24 00:00:00 | US Bank
U.S. Bancorp has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Global Reporting InitiativeTags: sustainable development | human rights
Global Reporting Initiative- Sector SupplementTags: transparency
Dodgy Deals

U.S. Bancorp is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of U.S. Bancorp's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

The 2024 Global Coal Exit List: Too much coal and too little exit

2024-10-30 | Berlin | urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

Energy supply financing ratios: the next milestone in banks’ climate strategy

The energy supply financing ratio is a key indicator that synthesizes two major challenges in limiting global warming to 1.5°C: the phase-out of fossil fuels and the development of sustainable alternatives.
2024-10-07 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JPMorgan Chase, Mizuho, and Bank of America are worst 3 funders

Annual Banking on Climate Chaos report with an updated methodology offers comprehensive look at who’s bankrolling the climate crisis
2024-05-13 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have not quit coal, 8 years after the Paris Agreement

Banks in China dominate global coal financing; those in Indonesia are outliers in having increased finance for coal since 2016
2024-05-03 | Nijmegen | Will O'Sullivan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New study: Financing for industrial livestock undermines U.S. banks’ climate commitments

Bank of America, Citigroup, and JPMorgan Chase responsible for more than half of the $134 billion in financing examined in the report
2024-04-10 | Washington D.C. | Friends of the Earth, Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonization: steel not making the cut

Analysis by Reclaim Finance shows that few financial institutions have steel targets, and that those that have been adopted are riddled with flaws
2023-08-23 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

US banks and climate-related policy: How the sector engages on sustainable finance and real economy climate policies

New report from InfluenceMap
2023-06-29 | InfluenceMap
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2023-04-13 | San Francisco | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

US banks: Financing coal expension, ignoring climate emergency

2022-09-19 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Where Banks Don’t Lend

In Chicago, lenders have invested more in a single white neighborhood than all the black neighborhoods combined. Call it modern-day redlining.
2020-06-03 | Chicago | WBEZ
BankTrack news BankTrack blog Partner news Partner blog

Big businesses face pressure to avoid investing in areas Trump wants to develop

A dozen-and-a-half senators wrote letters to 11 of the largest U.S. banks asking them to back down from financing any oil and gas activity in an unspoiled expanse of Arctic wilderness.
2020-02-03 | The Washington Post
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks step away from US private prisons

2019-07-01 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
BankTrack news BankTrack blog Partner news Partner blog

USA: Govt. contractors accused of profiting from separation & detention of migrant & asylum seeking families

2018-07-25 | Business-humanrights.org
Blog
BankTrack news BankTrack blog Partner news Partner blog

Big Banks Face Fossil Fuel Resistance at Annual Meetings

Guest blog by Ben Cushing, Campaign Representative Beyond Dirty Fuels
2018-06-07 | Ben Cushing, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

US Bank raises $2 billion in oil and gas pipeline finance since pledge to stop pipeline financing

Empty Promise: A new report by Oil Change International
2018-04-13 | Washington DC | Oil Change International
BankTrack news BankTrack blog Partner news Partner blog

U.S. Bancorp to pay $613 million for money-laundering violations

2018-02-15 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Indigenous and Environmental Justice Groups Rally at U.S. Bank Headquarters to Protest the Bank’s Investment in Pipeline Projects

2018-02-03 | Nasdaq GlobeNewswire
BankTrack news BankTrack blog Partner news Partner blog

US Bank Declares End to Oil and Gas Pipeline Loans—Then Quietly Joins $4B Deal with Dakota Access Owner

2017-12-20 | Desmog
Blog
BankTrack news BankTrack blog Partner news Partner blog

Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline

Tribal Nations based in Minnesota oppose the project and the Minnesota Department of Commerce has condemned it
2017-09-21 | Minneapolis, MN | Honor the Earth, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

The Money Behind the Mountain Valley Pipeline: Is Your Bank Financing Another Fracked-Gas Disaster?

2017-05-18 | Oil Change International
BankTrack news BankTrack blog Partner news Partner blog

But Wait, U.S. Bank Has Not Stopped Funding Pipelines

2017-05-16 | Yes! Magazine
BankTrack news BankTrack blog Partner news Partner blog

U.S. Bank Becomes First Major Bank to Stop Financing Pipeline Construction

2017-05-15 | EcoWatch / 350.org
Blog
BankTrack news BankTrack blog Partner news Partner blog

U.S. Bank Becomes First Major Bank to Stop Financing Pipeline Construction

2017 | BankTrack
Resources
Documents
Links
2024-06-30 00:00:00

CSR report 2023

Annual report
2024-06-30 00:00:00 | US Bancorp
2024-05-13 00:00:00

Banking on climate chaos 2024

Fossil fuel finance report 2024
BankTrack publication
2024-05-13 00:00:00 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club
2024-05-02 00:00:00

Still Banking on Coal press release

Commercial Banks Still Deep into Coal 8 Years After Paris
Partner publication
2024-05-02 00:00:00 | Urgewald
2024-05-02 00:00:00

Commercial Banks Still Deep into Coal 8 Years After Paris

NGO document
2024-05-02 00:00:00 | Urgewald
2024-04-16 00:00:00

Annual report 2023

Annual report
2024-04-16 00:00:00 | U.S. Bancorp
2023-11-30 00:00:00

Environmental and Social Risk Policy Statement

Bank policy
2023-11-30 00:00:00 | US Bancorp
2023-06-30 00:00:00

Human rights statement

Bank policy
2023-06-30 00:00:00 | US Bancorp
2023-04-13 00:00:00

Banking on Climate Chaos 2023

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
BankTrack publication
2023-04-13 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, Urgewald
2023-04-03 00:00:00

Annual report 2022

Annual report
2023-04-03 00:00:00 | U.S. Bancorp
2022-07-05 00:00:00

CSR report 2021

Annual report
2022-07-05 00:00:00 | U.S. Bancorp
2022-03-01 00:00:00

Annual report 2021

Annual report
2022-03-01 00:00:00 | US Bancorp
2021-11-10 00:00:00

U.S. Bancorp sets goal to achieve net zero greenhouse gas emissions by 2050

Other bank document
2021-11-10 00:00:00 | U.S. Bancorp
2021-08-03 00:00:00

CSR Report 2020

Annual report
2021-08-03 00:00:00 | US Bancorp
2021-03-04 00:00:00

Annual report 2020

Annual report
2021-03-04 00:00:00 | U.S. Bancorp
2020-05-18 00:00:00

Annual report 2019

Annual report
2020-05-18 00:00:00 | U.S. Bancorp
2020-05-18 00:00:00

CSR report 2019

Annual report
2020-05-18 00:00:00 | U.S. Bancorp
2020-03-17 00:00:00

Code of ethics and business conduct

Bank policy
2020-03-17 00:00:00 | U.S. Bancorp
2020-02-25 00:00:00

Approach to Environmental, Social, Governance

Bank policy
2020-02-25 00:00:00 | U.S. Bancorp
2020-02-11 00:00:00

Environmental responsibility policy

Bank policy
2020-02-11 00:00:00 | U.S. Bancorp
2019-05-20 00:00:00

Anti-money laundering policy

Date listed represents date as accessed on website
Bank policy
2019-05-20 00:00:00 | US Bancorp
2019-04-30 00:00:00

The Wall Street Banks Still Financing Private Prisons

2019 Data Brief
NGO document
2019-04-30 00:00:00 | ITPI, Public Accountability Initiative, Center for Popular Deocracy
2019-03-31 00:00:00

Annual report 2018

Annual report
2019-03-31 00:00:00 | US Bancorp
2019-03-31 00:00:00

CSR report 2018

Annual report
2019-03-31 00:00:00 | US Bancorp
2018-07-24 00:00:00

Supplier diversity

Date listed represents date as accessed on website
Bank policy
2018-07-24 00:00:00 | US Bank
2018-05-01 00:00:00

Annual report 2017

Annual report
2018-05-01 00:00:00 | US Bancorp
2018-05-01 00:00:00

CSR report 2017

Annual report
2018-05-01 00:00:00 | US Bancorp
2015-10-05 00:00:00

Financing Climate Chaos

How Minnesota’s Banking Giants Prioritize Profit in the Face of Climate Change
NGO document
2015-10-05 00:00:00 | MN 350
2015-04-02 00:00:00

Annual Report 2014

Annual report
2015-04-02 00:00:00 | US Bancorp
2015-04-02 00:00:00

Corporate Citizenship Report 2013

Annual report
2015-04-02 00:00:00 | US Bancorp
2014-04-28 00:00:00

US Bancorp 2013 Annual Report

Annual report
2014-04-28 00:00:00 | US Bancorp
2014-04-17 00:00:00

Coal Finance Report Card 2014

Extreme Investments; Extreme Consequences
BankTrack publication
2014-04-17 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
2014-01-01 00:00:00

Corporate Citizenship Report 2012

Annual report
2014-01-01 00:00:00 | US Bancorp
2013-04-29 00:00:00

Coal Finance Report Card 2013

Extreme investments - US Banks and the Coal Industry
BankTrack publication
2013-04-29 00:00:00 | Rainforest Action Network, Sierra Club, BankTrack
2013-02-22 00:00:00

Annual Report 2012

Annual report
2013-02-22 00:00:00 | US Bancorp

US Bancorp's CSR web page

Accountability
Grievances

U.S. Bancorp does not operate a compaints channel for individuals or communities who might have been adversely affected by the bank's finance.

This page evaluates U.S. Bancorp's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Banks and Climate

Banks and Climate

The 2024 Banking on Climate Chaos report showed that US Bancorp provided US$ 97.274 billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, US Bancorp provided US$ 4.933 billion for oil, gas and coal companies expanding fossil fuels. Find further details on US Bancorp fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

Banking on Climate Chaos fossil fuel finance data

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of U.S. Bancorp’s fossil fuel policy below.

Assessment of US Bancorp in the Coal Policy Tool

Assessment of US Bancorp in the Oil and Gas Policy Tracker

Good Moves

Good moves

Year:

2019

Banks step away from US private prisons

As of June 2019, six banks, Fifth Third Bank, BNP Paribas, SunTrust Bank, JPMorgan Chase, Wells Fargo and Bank of America, have announced that they will no longer finance companies that operate private prison and detention centers, including CoreCivic and GEO Group. Two other banks, U.S. Bank and Barclays,…

2017

U.S. Bank Becomes First Major Bank to Stop Financing Pipeline Construction

In May 2017 Bancorp subsidiary US Bank became the first major bank in the US to exclude gas and oil pipelines from project financing. The commitment does not extend to general corporate finance for builders of pipelines, although relationships with clients in the oil and gas industries will be subject to…
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