6Cn[j8lWbhZ064khzfn4agiU^U6dOFJ)w*AMoc]ccUJ6T.uk#_=u'r~o',oI/-@$` UVi:yaoonv}^ gn-:]5 ZinQw_W~=y/b=Aeo}vc@R6trCWXyz;#]!g#0FFa7jh61t:R;q4rOC"=XZ)F30h6;q{M*IDX 5gl GsAjj. You must click the activation link to complete your subscription. EU Sustainable Finance Action Plan Solutions, Morningstar Sustainability Rating for Funds. hbspt.cta._relativeUrls=true;hbspt.cta.load(2328737, '3418f2bf-d564-4d02-bbe0-19b30c19c9d2', {"useNewLoader":"true","region":"na1"}); As more companies get on board with ESG, new statistics are emerging every day that show how it is shaping the business landscape. Reducing our energy, water, and resource consumption and greenhouse gas emissions, Deploying sustainable building design, construction, and operations into our corporate properties, Engaging employees in environmental activities and leveraging their skills. New York CNN Business . Learn about the Wells Fargo Institute for Sustainable Finance. Investors have become increasingly interested in ESG issues. EEO is the Law (PDF) ESG Goals and Performance Data (PDF) . In early 2021, Wells Fargo announced a goal of aligning our business activities with the goals of the Paris Climate Agreement and achieving net- . WellsFargo ranked No. Wells Fargo announced today the issuance of its second Inclusive Communities and Climate Bond, a $2 billion bond that will finance projects and programs supporting housing affordability, economic opportunity, renewable energy, and clean transportation. One major takeaway from the research is the breadth of companies that are embracing ESG. 30 on Fortunes 2020 rankings of Americas largest corporations. Explore real stories about how were helping our communities thrive. "Sustainability We're sorry, but some features of our site require JavaScript. The Institute will work with communities as they prepare for and adapt to changing weather-related impacts, and will advocate for policies that enable client transitions. performance . Environmental and social impact management. Banks and lenders can use our ESG Risk Ratings and data as a part of a broader analysis of their clients as well as for innovative product solutions such as sustainability linked loans. [Business and Sustainable Development Commission], 10. This is the companys second Sustainability Bond and its first to include consumer financing of electric vehicles as a project category. NMLSR ID 399801. Compare Wells Fargo & Co. with other industry peers. A trusted partner to our clients, we provide corporate and transactional banking, commercial real estate lending and servicing, investment banking, equity and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe. Companies need to hold themselves accountable for improved performance over time. Additional information may be found atwww.wellsfargo.com | Twitter:@WellsFargo. More than 200 companies have signed The Climate Pledge, a pact to reach the Paris Agreement goal of net zero carbon 10 years early. endstream endobj 970 0 obj <>/Metadata 30 0 R/Outlines 46 0 R/Pages 967 0 R/StructTreeRoot 71 0 R/Type/Catalog/ViewerPreferences<>>> endobj 971 0 obj <>/MediaBox[0 0 612 792]/Parent 967 0 R/Resources<>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 972 0 obj <>stream Our approach to environmental and social issues is becoming increasingly integrated in the work we do across our business and is subject to the governance and oversight of our management and Board structures. She was eventually fired. 2021 Annual Report. Wells Fargo is committed to working with nonprofits to build a more inclusive, sustainable future for all. You must click the activation link to complete your subscription. We're sorry, but some features of our site require JavaScript. Exposure refers to the extent to which a company is exposed to different material ESG issues. Organizations with the highest employee satisfaction had ESG scores 14% higher than the global average, likely due to their strong environmental performance [Marsh & McLennan], 14. 2. In April 2021, the Prince of Wales joined 40 banks worldwide in a working group called the . Wells Fargo . Together, Perillon and Lisam provide the most intuitive and the easiest-to-implement modern cloud platform for industrial corporations, setting the standard for how corporate leaders efficiently meet new Environmental, Social and Governance (ESG) goals. Investors have become increasingly interested in ESG issues. When these high sales goals were determined by Wells Fargo, for the manpower, it resulted in the employees' tension and pressure and further there was a trickle-down effect on the customers. Michelle Palomino, 7862961817 The ESG Risk Ratings can help investors to identify, understand and manage ESG risks at the security and portfolio level with the aim of improving the long-term performance of their equity and fixed income securities. Sustainability and Other Reporting. The bank is setting a goal of net zero greenhouse gas emissions . Highest Controversy level that has impacted Wells Fargo & Co.'s ESG Risk Rating in the last three years. NMLSR ID 399801, Environmental, Social, and Governance (ESG) Report (PDF), Diversity, Equity, and Inclusion Report (PDF), Task Force on Climate-related Financial Disclosures (TCFD) report (PDF), CO2eMission: Net-Zero Alignment Methodology (PDF), Environmental and Social Impact Management framework (PDF), Equal employment opportunity and affirmative action, Priority Recommendations of the Wells Fargo Human Rights Impact Assessment and Actions in Response (PDF), Women in Finance CharterUK and Ireland (PDF), Corporate responsibility committee charter (PDF), Code of Ethics and Business Conduct (PDF), Responsible lending principles for consumer credit, Wells Fargo Foundation IRS Form 990 (PDF), Sustainability bond second party opinion (PDF), Inclusive Communities and Climate Bond Report (PDF), 2021 UK Modern Slavery Act statement (PDF), 2020 UK Modern Slavery Act statement (PDF), 2019 UK Modern Slavery Act statement (PDF), 2018 UK Modern Slavery Act statement (PDF), 2017 UK Modern Slavery Act statement (PDF), 2016 UK Modern Slavery Act statement (PDF), United Nations Environment Programme Finance Initiative, Sustainable Purchasing Leadership Council, 2020 Environmental, Social, and Governance (ESG) Report (PDF), 2019 Corporate Responsibility Highlights (PDF), 2018 Corporate Social Responsibility Report (PDF), 2017 Corporate Social Responsibility Report (PDF), 2016 Corporate Social Responsibility Interim Report (PDF). Leverage Sustainalytics' ESG Risk Ratings to understand and promote your corporate ESG performance with internal and external stakeholders. Wells Fargo has achieved carbon neutrality for Scope 1 and Scope 2 emissions for 2019 and 2020 operations, and we continue to leverage our annual energy spend to support the development of new renewable energy revenue, and grid resiliency in locations where our customers and employees live and work. Sustainalytics' Peer Performance Insights gives an in-depth analysis of your company's ESG strengths and weaknesses compared to your competitors and industry performance. In August 2022, Wells Fargo announced the issuance of its second Inclusive Communities and Climate Bond, a $2 billion bond that will fund projects and programs supporting housing affordability, economic opportunity, renewable energy, and clean transportation. Today there are nearly 400 reporting provisions in the 80 countries included in the study. NMLSR ID 399801, 45% of our U.S. workforce is ethnically/racially diverse, 8,072 veteran employees in the U.S. (self-identified). We prioritize the ESG issues that offer the greatest potential for Walmart to create shared value. Jul 2015 - Jun 20172 years. 4 Within the underlying E, S, and G dimensions, the sustainable counterpart to the S&P 500 . It is almost entirely focused on the U.S. The number of ESG reporting provisions issued by governmental bodies has grown 74% over the last four years. Sustainability. [Clearwater Analytics]. Categories include: renewable energy, energy-efficiency, green buildings, and clean transportation. Sustainalytics' Peer Performance Insights gives an in-depth analysis of your company's ESG strengths and weaknesses compared to your competitors and industry performance. 72% of European asset owners that receive ESG-related reports from asset managers would prefer to standardize reports across managers, yet only 18% are currently able to do so. With more than nine out of ten publicly traded companies adopting ESG, it's one of the biggest trends in the business world today. Wells Fargo & Co., the fourth-largest U.S. bank by assets and deposits, may raise its dividend once capital levels satisfy regulators and if the economic recovery continues, said Chief Executive Officer John Stumpf. We're sorry, but some features of our site require JavaScript. To opt in for email alerts, please enter your email address in the field below and select at least one alert option. Numbers may differ from other Wells Fargo reports that count employees based on full-time equivalent methodology. 22. With the support Wells Fargo provides its over 64,700 members participating in one or more groups, and the programming they create, ERNs play a key role in recruiting and retaining talent. Make sure all people feel respected and have equal access to resources and opportunities to succeed. %%EOF Our Environmental, Social and Governance (ESG) commitments are not separate layers of our business, but core to who we are. Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues. [PwC]. hbspt.cta._relativeUrls=true;hbspt.cta.load(2328737, '39d62033-905c-4285-b52a-83281a6a3ade', {"useNewLoader":"true","region":"na1"}); Perillon Western Regional Office:Denver, CO. Perillon is an established provider ofintegrated EHS Risk and Compliance Management softwaresolutions committed to customerexperience and service as its top priority. The company is split into four primary segments . Numbers may difer from other Wells Fargo reports that count employees based on full-time equivalent methodology. At the time, Wells Fargo was widely considered to be one of the top banks in America, with a strong focus on workplace, diversity and inclusion, and philanthropy. Central to the digital infrastructure strategy is Wells Fargo's selection of two industry leaders as its public cloud providers: Microsoft Azure as its . The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. In this newly created role, Pich will drive a cohesive approach to meet accelerated demand for ESG products in the Corporate and Investment Bank, spanning debt capital markets, equity capital markets, public finance, lending, M&A advisory, cash management products, and liquidity. ESG content includes: Stakeholder Capitalism Metrics developed by the International Business Council (IBC) of the World Economic Forum. 53% of revenues of the 500 largest US companies and 49% of revenues of the 1,200 largest global companies come from business activities that support SDGs [S&P Global], 11. Wells Fargo's net-zero . At Wells Fargo, we remain excited about the future of sustainable finance, the transformative impact it will continue to . Created supply chain sustainability strategy development across the Walt Disney Company, focused on Consumer Products and Parks and Resorts segments . 1013 0 obj <>stream Wells Fargo is committed to aligning our activities to support the goals of the Paris Agreement and helping transition to a net-zero carbon economy. 27% of revenues of the 500 largest US companies and 31% of revenues generated of the 1,200 largest global companies come from activities aligned with the EU Taxonomy for Sustainable Activities [S&P Global], 12. ESG propositions had a positive impact on equity returns 63% of the time [McKinsey] 16. [Carrots and Sticks]. NMLSR ID 399801. Security goals pertaining to ESG-related information is critical as well. LifeSync offers "one cohesive approach to goal tracking for clients regardless of their level of wealth or stage in life", says Michelle Moore, head of consumer and wealth and . %PDF-1.6 % Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services to individuals . WellsFargo Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. Wells Fargo has spent years publicly apologizing for deceiving customers with fake bank accounts, unwarranted fees and unwanted products. Media Wells Fargo Company (NYSE: WFC) announced today its new digital infrastructure strategy, combining a multi-cloud approach with third-party data centers to drive technological speed, agility, and scalability for its customers and employees. Explore how we're creating a more inclusive future in your neighborhood. By completing your subscription, you are providing consent to Wells Fargo Newsroom to send you email alerts and you are agreeing to our Digital Privacy and Cookies Policy. Throughout this document you will see the following callout to indicate where information about performance Meeting the increasingly diverse needs of Wells Fargos global customer base is critical for our companys long-term growth and success. Environmental, social, and governance (ESG) investing is used to screen investments based on corporate policies and to encourage companies to act responsibly. Support clients or client activities that promote environmental sustainability. Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. Seleccione el enlace si desea ver otro contenido en espaol. 80% of the worlds largest companies are reporting exposure to physical or market transition risks associated with climate change [S&P Global Market Intelligence], 7. Back in July 2020, I penned an article on RedState titled "Wells Fargo Risks Reputation Over Private "Chokepoint" Policy Against Gun Industry," noting that the bank was under scrutiny that it might be changing its stance on accounts with the firearms industry to follow the policies of what is known in policy circles as a privatized version of the discredited government initiative known . Wells Fargo today announced it has joined the Net-Zero Banking Alliance (NZBA), an industry-led leadership group designed to foster collaboration and support banks in aligning their financing with the goal of achieving net-zero greenhouse gas (GHG) emissions by mid-century. There are many factors to take into consideration when choosing an investment portfolio and ESG data is only one component to potentially consider. second Inclusive Communities and Climate Bond, Working with clients to help finance their emissions reduction efforts, support science-based research on low-carbon solutions, and advocate for policies that enable client transactions, Driving innovation and accelerating market-based solutions to the climate crisis, Disclosing our progress to eventually include all Scope 3 financed emissions as sufficiently reliable data becomes available, Enhancing energy and resource efficiency in our own physical assets to help promote operational sustainability, adaptation, and resilience. That includes: Additional information about our diversity, equity, and inclusion efforts can be found in our Environmental, Social, and Governance (ESG) Report and our DE&I Report. A broader sustainability lens reveals that the index achieved an S&P DJI ESG Score improvement of 8% (at the index level), representing 23% of the overall ESG-improvement potential, given the sustainability characteristics of the starting universe. At Wells Fargo, we are working to embed environmental sustainability throughout our products, services, operations, and culture to drive efficiencies and responsible resource use while creating comfortable, safe, and healthy workplaces. More than three out of four (77%) small and mid-caps have a formal purpose statement related to ESG. Setting the right ESG goals will help your company demonstrate your long-term business vision to your customers, investors, and other relevant stakeholders. Were committed to advancing diversity, equity, and inclusion by helping ensure that all people across our workforce, our communities, and our supply chain feel valued and respected and have equal access to resources, services, products, and opportunities to succeed. After submitting your request, you will receive an activation email at the requested email address. However, the following statistics prove that these efforts will pay off in the long run. (pCG!aAT These data were collected in 2017 when Wells Fargo was in the middle of . I am also comfortable in using tools like Erwin Data Modeler, Power BI, SQL Developer and Alteryx. Business has an important role to play in helping to address some of the most pressing environmental and social challenges of our time; whether helping address the racial wealth gap or advancing solutions and innovations needed for the low-carbon transition. ESG investments to grow market share and improve transparency . endstream endobj startxref To opt in for email alerts, please enter your email address in the field below and select at least one alert option. 1. This kind of focus by Wells Fargo can be characterized as unethical and illegal which created a sense of doubt among the regulators, manpower, and . Wells Fargo Investment Institute is a registered investment advisor and wholly owned subsidiary of Wells Fargo Bank, N.A., a bank affiliate of Wells Fargo & Company. We strive to leverage our employees differences to anticipate and meet the needs of our customers and communities while tapping into the innovation and creativity that comes from diverse perspectives. Social Impact & Sustainability leads the development of strategic initiatives and corporate commitments to drive positive, innovative social impact and sustainability, manage critical environmental and social issues, and enhance Wells Fargo's reputation as a leader in Environmental, Social and Governance (ESG) performance.