Sustainability at U.S. Bank

Powering growth for clients and communities

Helping people, businesses and communities thrive is part of who we are. Our sustainable finance efforts empower clients while helping the bank work toward its corporate and social responsibility goals, including our net-zero commitment.

How does U.S. Bancorp define sustainable finance and its key areas?

Sustainable finance refers to financial activities that help capture opportunities in the environmental and social space. It can include loans, investments, syndications and more.

Green activities

Green activities are those which are at or near net-zero emissions, including:

  • Renewable energy and energy efficiency
  • Green buildings
  • Clean transportation
  • Pollution management and circular economy
  • Sustainable water and wastewater management
  • Management of living and natural resources

Social activities

Social activities target a specific social issue and seek to achieve positive social outcomes under specific themes, such as:

  • Affordable housing
  • Socioeconomic advancement and empowerment
  • Access to essential services
  • Access to basic infrastructure
  • Employment generation
  • Food security and sustainable food systems

 

Our sustainable finance capabilities.

We offer a variety of sustainable banking options for consumers, small businesses, large companies and non-profits.

Lending

Private equity

Tax credit investments

Tax credit syndications

Mortgage products

Labelled products

Cover and 2 interior pages of the 2023 U.S. Bank corporate responsibility report.

Read our Corporate Responsibility Report.

Learn how U.S. Bancorp pursues corporate sustainability and sustainable banking practices that address environmental and social risks while empowering clients and helping communities grow.

View 2023 report (PDF) View report archive

Learn more about sustainable finance at U.S. Bank.

Housed within U.S. Bancorp Impact Finance, our sustainable finance team leads the bank’s sustainable commercial strategy. We are leaders in developing new products and services to meet clients’ needs, including lending and investment activities that mobilize capital in pursuit of social and environmental commitments.

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See the bank’s finance and sustainability initiatives and impacts.

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Listen to our leader on the Leading Sustainability podcast.

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Meet Guillaume Mascotto, our head of Sustainable Finance.

Read about Guillaume

Let’s talk about your sustainability vision.

Contact the U.S. Bancorp Impact Finance team if you have questions about sustainable financing, corporate and social responsibility, ideas for a product or service, or how we could partner to make a positive impact.

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Disclosures

Investment products and services are:
Not a deposit • Not FDIC insured • May lose value • Not bank guaranteed • Not insured by any federal government agency

Deposit products are offered by U.S. Bank National Association. Member FDIC. All credit products offered by U.S. Bank National Association are subject to normal credit approval and program guidelines. Eligibility requirements, other fees and conditions may apply. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice.

Financing maximums and terms are determined by borrower qualifications and use of funds. For deferred payments, interest accrues and is amortized over the remaining balance and term.

The content in U.S. Bancorp’s ESG materials, including our Corporate Responsibility Reports, is accurate as of the date of each such report and is subject to change without notice. Our ESG materials supplement and should be read in conjunction with our other public disclosures, including the U.S. Bancorp 2023 Annual Report, 2024 Proxy Statement and our subsequent filings with the Securities and Exchange Commission (the “SEC”), all of which contain additional information about our company and can be found at ir.usbank.com.

Our approach to the disclosures included in our ESG materials differs from our approach to the disclosures we include in other reports, including our filings with the SEC and any disclosures we may make under any other regulatory frameworks. While our ESG materials include information about ESG topics that we believe may be important to us and our stakeholders, any importance attributed to such topics nor their inclusion in our ESG materials should be read to mean that they necessarily rise to the level of materiality used for the purposes of complying with applicable securities laws and regulations or other reporting frameworks even where we use the word “material” or “materiality.” Although our ESG materials may reference certain laws and regulations, any references to “ESG,” “sustainable finance,” “net zero” or similar terms in our ESG materials should not be read to meet any jurisdiction-specific regulatory definition that may exist.

Our ESG materials contain forward-looking statements, which may include our current expectations and assumptions regarding our future activities, goals, plans and objectives, as well as other future conditions. For discussion of the risks that may cause actual results to differ from those described in forward-looking statements, refer to the sections entitled “Risk Factors” and “Forward-Looking Statements” of U.S. Bancorp’s Form 10-K for the year ended December 31, 2023, and subsequent filings with the SEC. Readers are cautioned not to place undue reliance on any forward-looking statements.

In addition, the methodologies, assumptions and estimates underlying our ESG-related strategy, analysis and data have evolved and are likely to continue to change in future periods, including as a result of regulatory, industry, scientific and other developments. In addition, certain information in our ESG materials incorporates or otherwise relies upon data from third parties, which may have been prepared in ways that are not consistent with our methodologies or practices. Except as required by law, we do not independently verify such third-party information. As a result of these and other factors, the information we present in our ESG materials could differ from that included in our prior disclosures, and information in future disclosures may differ from information contained in current disclosures.

None of the content included in our ESG materials shall be deemed to be incorporated by reference in any documents we have filed or will file with the SEC, and no reports, documents or websites that are cited or referred to in our ESG materials shall be deemed to form part of, or to be incorporated by reference into, our ESG materials. U.S. Bancorp is not responsible for the information contained on third-party websites, nor do we guarantee their accuracy and completeness. Additionally, our ESG materials may contain statements based on hypothetical scenarios and assumptions. These statements should not necessarily be considered as being indicative of current or actual risk or forecasts of expected risk. Except as required by law, U.S. Bancorp undertakes no obligation to update any statement (including both forward-looking statements and statements regarding historical periods) in our ESG materials or future disclosures.