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. Make sure all people feel respected and have equal access to resources and opportunities to succeed. 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. [Quoted Companies Alliance], 4. Environmental and social impact management. Michelle Palomino, 7862961817 To opt in for email alerts, please enter your email address in the field below and select at least one alert option. The data can be challenging to track, which prompted the Wells Fargo Investment Institute team to develop a proprietary assessment framework to analyze a firm's ESG policies and practices. Categories include: renewable energy, energy-efficiency, green buildings, and clean transportation. Our CEO chairs the IBC and partnered closely on the development of these . We are committed to conducting on-going pay equity reviews and continuing to enhance our processes. We're leveraging our relationships and collaborating with our stakeholders on a number of initiatives to transition to a low-carbon, climate-resilient future, including: As part of our sustainability goals, Wells Fargo has committed to deploy $500 billion in sustainable finance between 2021 and 2030. Wells Fargo & Co.'s Management of ESG Material Risk is Average. Reporting and disclosures. At Wells Fargo, we remain excited about the future of sustainable finance, the transformative impact it will continue to . Explore how we're creating a more inclusive future in your neighborhood. Another reason for the rapid growth of ESG has to do with global mandates. More than three out of four (77%) small and mid-caps have a formal purpose statement related to ESG. A "net-zero greenhouse gas emissions by 2050" goal is grounded in an effort to limit the Earth's average temperature rise to no more than 1.5 C above pre-industrial levels. Based on our most recent ESG priority assessment, we have organized our ESG priorities into four leadership themes represented below: Opportunity, Sustainability, Community, and Ethics & Integrity. Wells Fargo & Company is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. 88% of consumers will be more loyal to a company that supports social or environmental issues [Cone Communications]. %PDF-1.6 % Sustainability and Other Reporting. 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. ESG strategies can affect operating profits by as much as 60% [McKinsey], 13. Numbers may difer from other Wells Fargo reports that count employees based on full-time equivalent methodology. Embarking on a formal ESG journey is no small feat. To meet this goal, we are taking a thorough view of how to address climate change, looking across our business and financial portfolios, reducing the impact of our operations, and driving resiliency in our communities. 11 ESG goals and performance data. U.S. companies from Wells Fargo to Delta Air Lines are under increasing pressure from investors to address climate change, and they have been making the environment (or ESG) a focal point of . Goals and reporting. In the past year, demand for ESG solutions from our corporate clients has surged across many areas, from subscription finance to equity capital markets, M&A, and bond issuance. 2021 Annual Report. However, much work is still needed to ensure that companies are ready for the ESG revolution. 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. 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. hb```@(1QXp 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. We value and promote diversity, equity, and inclusion in all aspects of business and at all levels. S&P Global ESG Scores provide an unparalleled depth and breadth of ESG insight, built upon multiple layers of ESG data, and underpinned by a rich bedrock of underlying data intelligence captured by the S&P Global Corporate Sustainability Assessment (CSA).. Our scores provide transparency to drill down into material environmental, social and governance criteria scores for up to 30 focus areas . These insights can be used to identify areas of ESG improvement to help inform future management decisions that align with your organization's sustainability goals. 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. We see differences as an asset. One major takeaway from the research is the breadth of companies that are embracing ESG. Those dimensions can include but are not be limited to age, gender, ethnic heritage, race, physical or mental abilities, sexual orientation, values, religion/spiritual practice, income, family status, education, and geographic location. Wells Fargo & Company ("Wells Fargo"or the"Bank") is a financial services company with approximately USD 1.9 trillion in assets, serving one in three U.S. households and more than 10% of all middle market companies in the U.S. 1 [Carrots and Sticks], 21. The bank is setting a goal of net zero greenhouse gas emissions . Wells Fargo has provided this link for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of this website. Learn about the Wells Fargo CO2eMission to help drive down greenhouse gas emissions to net zero by 2050. 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. About WellsFargo Learn more about our efforts and progress related to sustainability. Wells Fargo & Company and its subsidiary, Wells Fargo Bank, N.A., have agreed to pay $3 billion to resolve their potential criminal and civil liability stemming from a practice between 2002 and 2016 of pressuring employees to meet unrealistic sales goals that led thousands of employees to provide millions of accounts or products to customers under false pretenses or without consent, often by . 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. Starbucks Stories - Stories to inspire and nurture the human spirit 0 Learn More. We're sorry, but some features of our site require JavaScript. ESG-mandated assets could make up half of all professionally managed investments by 2025, totaling $35 trillion. Green, social, and sustainability bonds designed to funnel investments into ESG projects reached a new global record of over $700 billion in issuances in 2021, almost double the 2019 total of $358 billion. Wells Fargo & Co <WFC.N> Chief Executive Charles Scharf exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because . "Sustainability News, insights, and perspectives from WellsFargo are also available atWellsFargo Stories. [NAVEX Global], 2. Unfortunately this company is not yet rated by Sustainalytics or no matches were found. ESG portfolios constructed using the ratings of two well-known ESG ratings providers yield large performance dispersion and low correlation of returns. Originally from Montral, Canada, Pich earned her bachelors degrees in economics and international studies from Macalester College in St. Paul, Minnesota. With more than nine out of ten publicly traded companies adopting ESG, it's one of the biggest trends in the business world today. Introduction . In August 2020, the company released its first ESG Report and ESG Goals and Performance Data as part of a larger effort to move from a single, annual Corporate Responsibility Report to a suite of disclosures that more completely address WellsFargos approach to ESG risks and opportunities, and performance on ESG measures. News, insights and perspectives from Wells Fargo are also available at WellsFargo Stories. 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. Website www.wellsfargo.com. Climate change is one of the most urgent environmental and social issues of our time. Wells Fargo is committed to working with nonprofits to build a more inclusive, sustainable future for all. Between 2011 and 2016, approximately 5,300 employees were fired for fraudulent . Please enable JavaScript on your browser and refresh the page. The minimum account size for this program is $500. 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. After submitting your request, you will receive an activation email at the requested email address. The differences are even greater at the individual ratings level for environmental, social, and governance scores. Glendale, CA. This represents a 63% increase in ESG mentions from the previous quarter, and the highest number of ESG mentions in the last ten years. Learn more about our approach to diversity, equity, and inclusion, goals, and performance. We're sorry, but some features of our site require JavaScript. 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. In April 2021, the Prince of Wales joined 40 banks worldwide in a working group called the . And rightly so: ESG has the potential to reduce costs, boost stock performance, and increase customer and employee loyalty among other things. . Wells Fargo Joins Net-Zero Banking Alliance. (pCG!aAT The results of the review are shared with our Boards Human Resources Committee. 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. %PDF-1.6 % Fintech and turnkey asset management platform Orion Advisor Solution is launching an on-demand education dashboard that allows advisors to learn strategies for improving and growing their business . hbbd```b`` j""Yl5``! Relevant military experience is considered for veterans and transitioning service men and women. 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. 991 0 obj <>/Filter/FlateDecode/ID[<7B34167B9934B64DBAF6CE4D686DE989><6189A443B2C36D419B9A7BC009226A0D>]/Index[969 45]/Info 968 0 R/Length 110/Prev 200620/Root 970 0 R/Size 1014/Type/XRef/W[1 3 1]>>stream Email us at corporateresponsibility@wellsfargo.com, 1999 - 2023 Wells Fargo. 25 ESG Statistics You Need to Know in 2023, three out of four (77%) small and mid-caps, could unlock $12 trillion a year in opportunities, Business and Sustainable Development Commission, come from business activities that support SDGs, highest employee satisfaction had ESG scores 14% higher, ESG propositions had a positive impact on equity returns, half of all professionally managed investments, ensure that the organizations ESG policies reflect the values of, only 39% believe their company performs well. As of 2020, 88% of publicly traded companies, 79% of venture and private equity-backed companies, and 67% of privately-owned companies had ESG initiatives in place. The $1.9 trillion-asset company said that it will pay 75% of the transaction's underwriting fees to firms owned by women, people of color and disabled . Our purpose is to advance sustainable economic growth and financial opportunity. [Climate Bonds Initiative], 18. Sustainalytics' Peer Performance Insights gives an in-depth analysis of your company's ESG strengths and weaknesses compared to your competitors and industry performance. This is the companys second Sustainability Bond and its first to include consumer financing of electric vehicles as a project category. 2758 0 obj <>/Filter/FlateDecode/ID[<6DC46A0024834C4582CAFF16DB74A66E><2A133B070528D64983A832B5E1A57119>]/Index[2749 18]/Info 2748 0 R/Length 63/Prev 503325/Root 2750 0 R/Size 2767/Type/XRef/W[1 2 1]>>stream She was eventually fired. All these benefits aside, one major reason ESG has taken off in the last few years has to do with investors. Michelle.Palomino@wellsfargo.com, Hannah Sloane, 3478025942 Hannah.Sloane@wellsfargo.com. Done right, it requires a significant investment of money and resources. EEO Supplemental Information (PDF), 1999 - 2023 Wells Fargo. Investing with impact is the practice of using investments to generate identifiable and measurable positive impact in additional to financial returns. Created supply chain sustainability strategy development across the Walt Disney Company, focused on Consumer Products and Parks and Resorts segments . hUOeZK;V^c; Key Points. Our reports and statements on sustainability, conduct, and more can be . Creating Specific, Measurable, Achievable . You can sign up for additional alert options at any time. Our office locations span the Americas, Europe, and Asia-Pacific. 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. That's about to change. WellsFargo& Company (NYSE: WFC) is a leading financial services company that has approximately $1.9trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is the leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Sustainability. Building a diverse pipeline of candidates for positions at all levels of the company, including leadership positions. More information on sustainability at Wells Fargo can be found on Wells Fargo Stories. EEO is the Law (PDF) 4025 0 obj <> endobj Wells Fargo . More than 200 companies have signed The Climate Pledge, a pact to reach the Paris Agreement goal of net zero carbon 10 years early. The company also . Exposure refers to the extent to which a company is exposed to different material ESG issues. 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). We disclose our ESG strategy, policies and practices in our Annual Report and Proxy Statement. Wells Fargo has provided this link for your convenience, but does not endorse and is not responsible for the content, links, privacy policy, or security policy of this website. Access ESG strategy, activities, performance, and reports. Security goals pertaining to ESG-related information is critical as well. Environmental, social, and governance (ESG) investing is used to screen investments based on corporate policies and to encourage companies to act responsibly. ESG is far from a new concept, but it has taken off in popularity over the past few years. 2766 0 obj <>stream In March of 2021, Wells Fargo set a goal of netzero greenhouse gas emissions by 2050, including client emissions attributable to its financing; committed to set targets for interim financed emission targets for the Oil & Gas and Power sectors by the end of 2022; and reset its sustainable finance commitment to $500 billion between 2021 and 2030. 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. tradingview no volume is provided by the data vendor. Were taking an active role in addressing pressing societal challenges to drive positive impact. A Lean Six Sigma Green Belt (LSSGB) and Lean Six Sigma Black Belt (LSSBB) certified "Performance Driven Professional" bringing in professional business acumen and record of achievements developed in over 19 years Experience in managing entire process operations with an aim to accomplish corporate plans & goals successfully Used instincts . In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. We provide links to external websites for your convenience. All Rights Reserved. Naveg a una pgina que no est disponible en espaol en este momento.
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