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Throughout this document you will see the following callout to indicate where information about performance Wells Fargo does not endorse and is not responsible for their content, links, privacy, or security policies. Wells Fargo is committed to working with nonprofits to build a more inclusive, sustainable future for all. In addition, Wells Fargo is committed to attracting, developing, and retaining the best-qualified, most diverse group of employees. 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 ("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 You can sign up for additional alert options at any time. Key Points. More information on sustainability at Wells Fargo can be found on Wells Fargo Stories. It is almost entirely focused on the U.S. Wells Fargo & Co.'s Management of ESG Material Risk is Average. Jul 2015 - Jun 20172 years. Wells Fargo is the latest big bank to embrace ambitious lending goals to fight the climate crisis. Access ESG strategy, activities, performance, and reports. Wells Fargo has achieved carbon neutrality in its operations (scopes 1 and 2) since 2019, and has invested over $13.3 billion in clean energy projects across the country (between 2005 and 2021), making it a leading provider in the tax equity market. Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues. As part of a goal to cut about $2 billion in annual expenses by the end of 2018, Wells Fargo said it expects to close 200 branches this year and even more in 2018. 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. NMLSR ID 399801. Our public ESG Ratings & Climate corporate search tool allows you to search over 2,900 companies that are constituents of the MSCI All Country World Index (ACWI). Wells Fargo is committed to working with nonprofits to build a more inclusive, sustainable future for all. We value and promote diversity, equity, and inclusion in all aspects of business and at all levels. ESG factors are often interlinked, and it can be challenging to classify an ESG issue as only an environmental, social, or governance issue, as shown in the example below. Performance data quoted represent past performance and are no guarantee of . Environmental and social impact management. We're sorry, but some features of our site require JavaScript. Nearly a quarter (24%) of companies say that corporate silos are a barrier to ESG progress. To opt in for email alerts, please enter your email address in the field below and select at least one alert option. HW0T4*2~^ro}*;vpYkC10ht400(ut QL@d-+d10~"@,vD ?~? 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. A recent study conducted on behalf of Wells Fargo showed "large majorities" of respondents preferred digital modes to handle all their financial matters. Our goal is to achieve net-zero greenhouse gas emissions by 2050, including financed emissions. Between 2011 and 2016, approximately 5,300 employees were fired for fraudulent . The company is split into four primary segments . More than three out of four (77%) small and mid-caps have a formal purpose statement related to ESG. 2766 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. Exposure refers to the extent to which a company is exposed to different material ESG issues. 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. Compare Wells Fargo & Co. with other industry peers. Central to the digital infrastructure strategy is Wells Fargo's selection of two industry leaders as its public cloud providers: Microsoft Azure as its . p01XV8M1HV@l=+g~'D,L``^j8c 2. COVID-19 accelerated the pace at which global banks have invested in ESG initiatives, and PNC continues to lag behind some rivals. We're 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 . 71% of CEOs believe it is their personal responsibility to ensure that the organizations ESG policies reflect the values of their customers [KPMG], 23. 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. 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. For more information on WellsFargos approach to climate change and other ESG topics, Wells Fargos TCFD Report, ESG Report, and 2020 ESG Goals and Performance Data are available on wellsfargo.com. 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 . [Quoted Companies Alliance]3. About WellsFargo Wells Fargo is committed to fair and equitable compensation practices and we regularly review our compensation programs and practices for pay equity. This team is . The NZBA recognizes the vital role of banks in supporting clients in their net-zero transitions and working with governments to deliver on their decarbonization policies and pledges. The number of ESG reporting provisions issued by governmental bodies has grown 74% over the last four years. Please enable JavaScript on your browser and refresh the page. 0 Selecione Cancele para permanecer en esta pgina o Contine para ver nuestra pgina principal en espaol. hk\GJaXBQ/z^A6R{O9Yy3n^e7.f)~y`)#D)RePSbkXs8]J!mcb)}-vw^z.Wzv}v}{s?\?y}?=~v?/_xakgjj/~_mko(oncAN9/to^={zuW't a>q~9?S~1CJl51CcNb[B=z(^PC8pe?qCj8c}p Glendale, CA. Promoting diversity, equity, and inclusion awareness through education and training. 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. Sustainability and Other Reporting. One former employee said she could not meet sales goals in any ethical way and called the Wells Fargo's ethics hotline. Unless otherwise explicitly agreed in writing, usage for products and services, index creation, derivative work, portfolio or fund management, or any other usage are not permitted. >>> Next: ESG Is Not New, But It's The New Normal. We're sorry, but some features of our site require JavaScript. . 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. Numbers may difer from other Wells Fargo reports that count employees based on full-time equivalent methodology. Michelle Palomino, 7862961817 76% of consumers say they will stop buying from companies that treat the environment, employees, or the community in which they operate poorly [PwC], 9. Investors have become increasingly interested in ESG issues. Usage as a credit rating or as a benchmark is not permitted. Meeting the increasingly diverse needs of Wells Fargos global customer base is critical for our companys long-term growth and success. ESG Goals and Performance Data (PDF) . More than half of investors are interested in sustainable investing, and sustainable investments have grown 30-fold since 2010. Clients are increasingly focused on ESG-related solutions to meet sustainability goals, said Rob Engel, head of Banking at WellsFargo. These findings are from a recent Wells Fargo Investment Institute (WFII) report: Vision Investing: Values, Impact, and ESG (PDF). [FactSet], 5. Originally from Montral, Canada, Pich earned her bachelors degrees in economics and international studies from Macalester College in St. Paul, Minnesota. Once considered a niche market for the largest global companies, ESG has moved into the mainstream and been adopted by smaller, privately-owned companies as well. At Wells Fargo, we remain excited about the future of sustainable finance, the transformative impact it will continue to . %%EOF 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. Climate-related weather events are expected to cost businesses $1.3 trillion by 2026 [CDP], 8. destiny 2 all black shader hunter; josh aloiai wife; optimum suite mack industries Looking at these statistics, one thing is clear: ESG is a critical must-do for all companies, regardless of size or industry. Media March 9, 2019. Leverage Sustainalytics' ESG Risk Ratings to understand and promote your corporate ESG performance with internal and external stakeholders. ejbernacki@wellsfargo.com. E.J. Media These ESG factors can often be measured (e.g., what the employee turnover for a company is), but it can be difficult to assign them a monetary value (e.g., what the cost of . Goals and reporting. To create accountability and measure progress, diversity, equity, and inclusion metrics are reported in the annual Diversity, Equity & Inclusion Report. A Wells Fargo & Co. sign sits on display outside the company's offices in San Francisco, California, U.S., on Tuesday, April 27, 2010.