A Wells Fargo & Co. sign sits on display outside the company's offices in San Francisco, California, U.S., on Tuesday, April 27, 2010. "Sustainability No of Employees 243,674. Nearly one out of five (18.5%) small and mid-caps are using ESG standards, such as the UN SDG, GRI, or SASB. Numbers may differ from other Wells Fargo reports that count employees based on full-time equivalent methodology. 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. 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 22. In response, many major banks and investing firms including JP Morgan, Wells Fargo, and Blackrock have incorporated ESG investing criteria into their processes and products. [Carrots and Sticks]. Make sure all people feel respected and have equal access to resources and opportunities to succeed. 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. Nearly a quarter (24%) of companies say that corporate silos are a barrier to ESG progress. Our reports and statements on sustainability, conduct, and more can be . Sustainability. Key Points. We are using our resources as a global bank to help address society's greatest challenges, including championing pay equity, addressing the racial wealth gap, increasing economic mobility and confronting the climate crisis. 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. Diversity, equity, and inclusion leaders across the company help to strategically implement inclusive practices and behaviors. Accelerate transition to a low-carbon economy to help reduce climate change impacts. The creation of the ESG Solutions group is the latest in a series of recent of ESG-related initiatives at WellsFargo. ESG is far from a new concept, but it has taken off in popularity over the past few years. We believe the scale and reach of our business and our approach to ESG matters helps . 20. ServiceNow. [FactSet], 5. Starbucks Stories - Stories to inspire and nurture the human spirit Copyright 2023 Sustainalytics. Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services to individuals . Past performance is no guarantee of future results. endstream endobj startxref As such, we view sustainability through a broad lens, spanning our work with clients, how we manage the firm, and how we engage with external stakeholders. (pCG!aAT Seleccione el enlace si desea ver otro contenido en espaol. 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). The bank is setting a goal of net zero greenhouse gas emissions . >>> Next: ESG Is Not New, But It's The New Normal. Wells Fargo has agreed to pay $3 billion to settle criminal charges and a civil action stemming from its widespread mistreatment of customers in its community . Media In April 2021, the Prince of Wales joined 40 banks worldwide in a working group called the . We're sorry, but some features of our site require JavaScript. E.J. Unfortunately this company is not yet rated by Sustainalytics or no matches were found. 1980s clothing stores; based on a true story: jesse 1988. joseph rosendo heritage; neil morrison motogp commentator; what is a meet and greet ticket; muskoka boat crash video. 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. Clients are increasingly focused on ESG-related solutions to meet sustainability goals, said Rob Engel, head of Banking at WellsFargo. Telephone 1 612 6671234. We see differences as an asset. You can sign up for additional alert options at any time. 4474 0 obj <>stream 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 . Learn More. Sources: Bloomberg and Wells Fargo Investment Institute, as of December 31, 2021. 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. 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. Success comes from inviting and incorporating diverse perspectives. 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. NMLSR ID 399801, 45% of our U.S. workforce is ethnically/racially diverse, 8,072 veteran employees in the U.S. (self-identified). ESG-mandated assets could make up half of all professionally managed investments by 2025, totaling $35 trillion. 11 ESG goals and performance data. . Explore real stories about how were helping our communities thrive. Our management score assesses the robustness of a company's ESG programs, practices and policies. 15. hbbd``b$ EH0; ` $y q[Azb``$`NQbsG`4G8%FB F We are proud to join so many other banks in this important alliance., As a financial institution serving many sectors of the economy, we acknowledge our role in deploying resources and working closely with our clients to support their respective low-carbon transitions, Hurst continued. In early 2021, Wells Fargo announced a goal of aligning our business activities with the goals of the Paris Climate Agreement and achieving net- . Wells Fargo has spent years publicly apologizing for deceiving customers with fake bank accounts, unwarranted fees and unwanted products. Please enable JavaScript on your browser and refresh the page. 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. . Hannah.Sloane@wellsfargo.com. HW0T4*2~^ro}*;vpYkC10ht400(ut QL@d-+d10~"@,vD ?~? To opt in for email alerts, please enter your email address in the field below and select at least one alert option. NMLSR ID 399801. 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. 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. 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. [Business and Sustainable Development Commission], 10. I am also comfortable in using tools like Erwin Data Modeler, Power BI, SQL Developer and Alteryx. Our CEO chairs the IBC and partnered closely on the development of these . Learn More. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services. %PDF-1.6 % Performance data quoted represent past performance and are no guarantee of . The rigid, relentless sales goals that prompted Wells Fargo & Co. employees to open more than 2 million unauthorized customer accounts are on their way out, the company said yesterday.The day . 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. New York CNN Business . 2021 Annual Report. [Climate Bonds Initiative], 18. 1. ESG offers numerous benefits, including reduced business risks, better financial performance, and higher returns on investment. Our goal is to achieve net-zero greenhouse gas emissions by 2050, including financed emissions. Additional information may be found atwww.wellsfargo.com | Twitter:@WellsFargo. Looking at these statistics, one thing is clear: ESG is a critical must-do for all companies, regardless of size or industry.