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U.S. BancorpUnited States
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Last update: 2022-03-03 00:00:00

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U.S. Bancorp tower in Minneapolis, United States. Photo: Pdx.rollingthunder via Wikimedia commons (CC BY SA 4.0)

About U.S. Bancorp

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 a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment service products to consumers, businesses and institutions. It operates over 3,000 branches, mainly in the Mid-west.

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
Annual reports Annual report 2021
CSR Report 2020
Ownership
listed on NYSE

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

Complaints and 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.

Related Dodgy Deals

U.S. Bancorp has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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Policy Assessments

Banks and Climate

Bank net zero commitments

BankLast update
Country
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
Details
US Bancorp
2021-03-24
USA
0
United States
Profile
Target 2025
27.5
Target 2030
Net zero 2050
SBT
NZBA
CCCA
20210324
Last update: 2021-03-24
Explanation

Goal 2025/2030: None

Goal 2050: None

Explanation

This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.

  • A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
  • An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.

Abbreviations:

CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

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
external news
our news

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
blog
external news
our news

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
blog
external news
our news

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
external news
our news

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

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

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

2018-07-25 | Business-humanrights.org
blog
external news
our news

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
external news
our news

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
blog
external news
our news

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

2018-02-15 | Reuters
blog
external news
our news

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
blog
external news
our news

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

2017-12-20 | Desmog
blog
external news
our news

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
external news
our news

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

2017-05-18 | Oil Change International
blog
external news
our news

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

2017-05-16 | Yes! Magazine
blog
external news
our news

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

2017-05-15 | EcoWatch / 350.org

Documents

Type:
Year:
annual reports
2022-03-01 00:00:00

Annual report 2021

2022-03-01 00:00:00 | US Bancorp
csr policies
2021-12-15 00:00:00

Human rights statement

2021-12-15 00:00:00 | US Bancorp
csr policies
2021-12-14 00:00:00

Environmental and social risk policy statement

2021-12-14 00:00:00 | US Bancorp
annual reports
2021-08-03 00:00:00

CSR Report 2020

2021-08-03 00:00:00 | US Bancorp
our publications
2021-03-24 00:00:00

Banking on Climate Chaos 2021

Fossil Fuel Finance Report
2021-03-24 00:00:00 | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club
annual reports
2021-03-04 00:00:00

Annual report 2020

2021-03-04 00:00:00 | U.S. Bancorp
annual reports
2020-05-18 00:00:00

Annual report 2019

2020-05-18 00:00:00 | U.S. Bancorp
annual reports
2020-05-18 00:00:00

CSR report 2019

2020-05-18 00:00:00 | U.S. Bancorp
csr policies
2020-03-17 00:00:00

Code of ethics and business conduct

2020-03-17 00:00:00 | U.S. Bancorp
csr policies
2020-02-25 00:00:00

Approach to Environmental, Social, Governance

2020-02-25 00:00:00 | U.S. Bancorp
csr policies
2020-02-11 00:00:00

Environmental responsibility policy

2020-02-11 00:00:00 | U.S. Bancorp
csr policies
2019-05-20 00:00:00

Anti-money laundering policy

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

The Wall Street Banks Still Financing Private Prisons

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

Annual report 2018

2019-03-31 00:00:00 | US Bancorp
annual reports
2019-03-31 00:00:00

CSR report 2018

2019-03-31 00:00:00 | US Bancorp
csr policies
2018-07-24 00:00:00

Supplier diversity

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

Annual report 2017

2018-05-01 00:00:00 | US Bancorp
annual reports
2018-05-01 00:00:00

CSR report 2017

2018-05-01 00:00:00 | US Bancorp
ngo documents
2015-10-05 00:00:00

Financing Climate Chaos

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

Annual Report 2014

2015-04-02 00:00:00 | US Bancorp
annual reports
2015-04-02 00:00:00

Corporate Citizenship Report 2013

2015-04-02 00:00:00 | US Bancorp
annual reports
2014-04-28 00:00:00

US Bancorp 2013 Annual Report

2014-04-28 00:00:00 | US Bancorp
our publications
2014-04-17 00:00:00

Coal Finance Report Card 2014

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

Corporate Citizenship Report 2012

2014-01-01 00:00:00 | US Bancorp
our publications
2013-04-29 00:00:00

Coal Finance Report Card 2013

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

Annual Report 2012

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

Links

US Bancorp's CSR web page

https://www.usbank.com/community/environmental-sustainability.html

Policies

Voluntary standards

U.S. Bancorp has committed itself to the following voluntary standards:
  • Carbon Disclosure Project
  • Global Reporting Initiative
  • Global Reporting Initiative- Sector Supplement

Investment policies

US Bancorp's web page on corporate social responsibility can be accessed here.

Year:
csr policies
2021-12-15 00:00:00

Human rights statement

2021-12-15 00:00:00 | US Bancorp
csr policies
2021-12-14 00:00:00

Environmental and social risk policy statement

2021-12-14 00:00:00 | US Bancorp
csr policies
2020-03-17 00:00:00

Code of ethics and business conduct

2020-03-17 00:00:00 | U.S. Bancorp
csr policies
2020-02-25 00:00:00

Approach to Environmental, Social, Governance

2020-02-25 00:00:00 | U.S. Bancorp
csr policies
2020-02-11 00:00:00

Environmental responsibility policy

2020-02-11 00:00:00 | U.S. Bancorp
csr policies
2019-05-20 00:00:00

Anti-money laundering policy

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

Supplier diversity

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

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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