Sustainability at Wells Fargo
Wells Fargo is committed to accelerating the transition to a low-carbon economy through its business, operations and culture, and strategic philanthropy. Below are a few examples of how this commitment comes to life.
Wells Fargo is one of the largest energy lenders in the U.S. – to both conventional and renewable energy, and has a rapidly expanding clean tech commercial banking group. In April 2018, the company announced it will provide $200 billion in financing to sustainable businesses and projects by 2030. More than 50 percent of that financing will be focused on renewable energy, clean technology and green-building transactions that directly support the transition to a low-carbon economy, including clean energy (renewables), green buildings (LEED, ENERGY STAR, etc.), green bonds, and alternative transportation.
Operations and Culture:
Wells Fargo began meeting 100% of its global electricity needs with renewable energy in 2017, and since 2008, it has reduced greenhouse gas emissions by more than 47 percent, among progress against other sustainability goals focused on water and energy efficiency, waste reduction and LEED certification.
More than 9,000 team members across the enterprise participate on Green Teams and volunteer thousands of hours annually on environmental projects in their communities.
Wells Fargo’s environmental philanthropy supports an overarching goal to accelerate the transition to a low-carbon economy and minimize the impacts of climate change on customers and communities. Philanthropy is focused on three broad categories – community resiliency, clean technology and innovation, and environmental education.