In addition, Wells Fargo is committed to attracting, developing, and retaining the best-qualified, most diverse group of employees. As part of our sustainability goals, Wells Fargo has committed to deploy $500 billion in sustainable . Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services to individuals . Additional information about the diversity of our Board of Directors is included in our annual proxy statement which is available on our Annual Reports and Proxy Statements page. Wells Fargo does not endorse and is not responsible for their content, links, privacy, or security policies. Our goal is to achieve net-zero greenhouse gas emissions by 2050, including financed emissions. This public search tool displays only a subset of companies in our . Only 50% of companies believe their company performs very effectively against environment metrics. tradingview no volume is provided by the data vendor. 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. 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. Please enable JavaScript on your browser and refresh the page. Jeenah Moon for The New York Times. 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 . The bank is setting a goal of net zero greenhouse gas emissions . Email us at corporateresponsibility@wellsfargo.com, 1999 - 2023 Wells Fargo. 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 Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues. And rightly so: ESG has the potential to reduce costs, boost stock performance, and increase customer and employee loyalty among other things. Wells Fargo & Co.'s Management of ESG Material Risk is Average. ESG Report, and 2020 ESG Goals and Performance Data are available . hb```@(1QXp Goals and Reporting. Investors have become increasingly interested in ESG issues. Wells Fargo is committed to working with nonprofits to build a more inclusive, sustainable future for all. "Being transparent about our approach to environmental and social governance issues and the risks associated with them helps . 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. 0 A Wells Fargo & Co. sign sits on display outside the company's offices in San Francisco, California, U.S., on Tuesday, April 27, 2010. 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. endstream endobj startxref Flexible work arrangements allow employees to select beginning and ending work times within a range of hours surrounding core operating hours of the business. Environmental, social, and governance (ESG) investing is used to screen investments based on corporate policies and to encourage companies to act responsibly. %PDF-1.6 % (ESG) Report, ESG Goals and Performance Data, and Environmental and Social Risk Management. March 9, 2019. Explore how we're creating a more inclusive future in your neighborhood. Sustainalytics' Peer Performance Insights gives an in-depth analysis of your company's ESG strengths and weaknesses compared to your competitors and industry performance. Wells Fargo . 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. Explore real stories about how were helping our communities thrive. Industrial & Commercial Bank of China Ltd. 2021 Workforce profile (as of December 31, 2021). 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. In a study commissioned by Financial Times' Agenda , stock-ratings firm HIP Investor rated Wells Fargo among the most transparent companies on environmental, social, and governance (ESG) metrics. We believe that climate change continues to be one of the most urgent environmental and social issues of our time, and we are working across our value chain to help accelerate the transition to a low-carbon economy and reduce the impacts of climate change on our business, communities, employees, and customers. 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 Wells Fargo's approach to ESG risks and opportunities, and performance on ESG measures. 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). We see differences as an asset. 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. Wells Fargo is committed to working with nonprofits to build a more inclusive, sustainable future for all. Finance and ESG are an increasingly interconnected proposition. Starbucks Stories - Stories to inspire and nurture the human spirit JPMorgan Chase is committed to helping our clients navigate the challenges and capitalize on the long-term economic opportunities and environmental benefits of . Hannah.Sloane@wellsfargo.com. 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 Mark Segal March 8, 2021. Reporting and disclosures. This is the companys second Sustainability Bond and its first to include consumer financing of electric vehicles as a project category. Success comes from inviting and incorporating diverse perspectives. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. ejbernacki@wellsfargo.com. Investors have become increasingly interested in ESG issues. [Quoted Companies Alliance], 4. Goals and reporting. 2. Climate change is one of the most urgent environmental and social issues of our time. WellsFargo 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. Highest Controversy level that has impacted Wells Fargo & Co.'s ESG Risk Rating in the last three years. Performance data quoted represent past performance and are no guarantee of . Learn about our environmental, social, and governance (ESG) strategy, activities, and performance through the disclosures below. 3. 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. ESG is far from a new concept, but it has taken off in popularity over the past few years. Their ESG Goals and Performance Data reflect progress against its goals in the following areas of priority: Diversity and inclusion Economic empowerment; Environmental sustainability; In 2020, Wells Fargo transitioned its annual corporate responsibility reporting to environmental, social, and governance (ESG) reporting. More than 200 companies have signed The Climate Pledge, a pact to reach the Paris Agreement goal of net zero carbon 10 years early. 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. Seleccione el enlace si desea ver otro contenido en espaol. More information on sustainability at Wells Fargo can be found on Wells Fargo Stories. 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. 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. 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. News, insights, and perspectives from WellsFargo are also available atWellsFargo Stories. 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. 4474 0 obj <>stream Glendale, CA. Contact Information A summary of the study appeared in the publication's April 8 edition. That's up from 84 closures in 2016. About WellsFargo HW0T4*2~^ro}*;vpYkC10ht400(ut QL@d-+d10~"@,vD ?~? Another reason for the rapid growth of ESG has to do with global mandates. 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. Wells Fargo is committed to fair and equitable compensation practices and we regularly review our compensation programs and practices for pay equity. WellsFargo ranked No. 15. With more than nine out of ten publicly traded companies adopting ESG, it's one of the biggest trends in the business world today. %%EOF More than half of investors are interested in sustainable investing, and sustainable investments have grown 30-fold since 2010. 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. 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). 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 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. p01XV8M1HV@l=+g~'D,L``^j8c 6. We are committed to conducting on-going pay equity reviews and continuing to enhance our processes. Central to the digital infrastructure strategy is Wells Fargo's selection of two industry leaders as its public cloud providers: Microsoft Azure as its . Management refers to how well a company is managing its relevant ESG issues. View of city skyline and tree lined streets. Usage as a credit rating or as a benchmark is not permitted. . All these benefits aside, one major reason ESG has taken off in the last few years has to do with investors. 1. Wells Fargo Joins Net-Zero Banking Alliance. Wells Fargo Sustainability Bond Framework . To create accountability and measure progress, diversity, equity, and inclusion metrics are reported in the annual Diversity, Equity & Inclusion Report. 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. Leverage Sustainalytics' ESG Risk Ratings to understand and promote your corporate ESG performance with internal and external stakeholders. Clients are increasingly focused on ESG-related solutions to meet sustainability goals, said Rob Engel, head of Banking at WellsFargo. Copyright 2023 Sustainalytics. Florida, United States. EU Sustainable Finance Action Plan Solutions, Morningstar Sustainability Rating for Funds. We have a terrific opportunity to bring solutions to our clients that will help them achieve future growth and an enhanced market position, said Pich. 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. Appointment reflects surge in client demand for ESG products and services. We're sorry, but some features of our site require JavaScript. %%EOF Its top executives say that because they . Learn More. 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 . No of Employees 243,674. 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. We're sorry, but some features of our site require JavaScript. Relevant military experience is considered for veterans and transitioning service men and women. ESG strategies can affect operating profits by as much as 60% [McKinsey], 13. These data were collected in 2017 when Wells Fargo was in the middle of . Print. Access ESG strategy, activities, performance, and reports. Sources: Bloomberg and Wells Fargo Investment Institute, as of December 31, 2021. More than three out of four (77%) small and mid-caps have a formal purpose statement related to ESG. I am currently working as Senior Business Systems Consultant at Wells Fargo, where I contribute to planning, designing and implementing a new end to end automation system to deliver Regulatory Reports. 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. Identifying, assessing, and managing environmental and social impacts associated with our commercial clients and financings. 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. To opt in for email alerts, please enter your email address in the field below and select at least one alert option. 2766 0 obj <>stream That's about to change. Learn more about our Peer Performance Insights solution, Connect with us about an ESG Risk Rating License, Download our product brochure to learn about our product solutions. ESG propositions had a positive impact on equity returns 63% of the time [McKinsey], 16. Creating Specific, Measurable, Achievable . We're sorry, but some features of our site require JavaScript. Wells Fargo is the latest big bank to issue a sustainability bond, working with diverse firms to raise $1 billion for investments in projects such as renewable energy and affordable housing. The company has a ESG Pulse of 0.52 which is calculated using alternative data outside of company disclosure to provide an 'outside-in' view on company ESG performance. By way of exception, usage is permitted only to the rated company, limited to a single reference of its own information in annual reporting and sustainability website, mentioning Sustainalytics as a source. Explore how we're creating a more inclusive future in your . Environmental, social, and governance (ESG) reporting . [FactSet], 5. WellsFargo Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. Environmental and social impact management (PDF), Environmental, social, and governance (ESG) reporting. 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. Created supply chain sustainability strategy development across the Walt Disney Company, focused on Consumer Products and Parks and Resorts segments . We value and promote diversity, equity, and inclusion in all aspects of business and at all levels. It's important to understand ESG data and engagement before making investment choices. Promoting diversity, equity, and inclusion awareness through education and training. We include both gender and race/ethnicity in our reviews. Meeting the increasingly diverse needs of Wells Fargos global customer base is critical for our companys long-term growth and success. 4025 0 obj <> endobj (Photo: Wells Fargo) "Through the issuance of this second Sustainability Bond, Wells Fargo is . 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. Key Points. We're taking an active role in addressing pressing societal challenges to drive positive impact. Please enable JavaScript on your browser and refresh the page. This team is . 20. Bernacki, 4158233523 [Carrots and Sticks], 21. 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. 0 991 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 All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. EEO is the Law (PDF) Learn More. Today there are nearly 400 reporting provisions in the 80 countries included in the study. @F,qtS "3rTUZ7qG;,,{\{N$tux~G9\1pFp=CTE.t4$ `ch3 pHt`h``h zAn`RL2y %. Share. The company also announced the launch of an Institute for Sustainable Finance to manage the deployment of $500 billion of financing to sustainable businesses and .