Sustainability - Wells Fargo (2024)

FAQs

What is Wells Fargo's commitment to sustainability? ›

Wells Fargo has been meeting 100% of its electricity consumption with renewable energy primarily with unbundled Renewable Energy Certificates from existing assets, with a goal to transition to long-term agreements that directly support new sources of renewable energy.

Sustainability is ability to maintain or support a process over time. Sustainability is often broken into three core concepts: economic, environmental, and social. Many businesses and governments have committed to sustainable goals, such as reducing their environmental footprints and conserving resources.

Robyn Luhning is Wells Fargo & Company's Chief Sustainability Officer, responsible for driving enterprise Environmental, Social and Governance (ESG) programs, and leading progress against the company's climate and other sustainability initiatives.

The revelation that the bank had been creating fake accounts in the names of its customers without their knowledge or consent was a major blow to its reputation for honesty and integrity. In the aftermath of the scandal, Wells Fargo faced significant backlash from customers and the public.

Sustainable banking involves strategic planning and execution of banking operations and business activities while taking into consideration the environmental, social and governance (ESG) impact. Banks stand to play a major role in achieving the United Nations' Sustainable Development Goals (SDG).

Kristy Fercho is head of Diverse Segments, Representation and Inclusion (DSRI).

Overview. Marisa Buchanan is a Managing Director, Head of Sustainability at JP Morgan Chase & Co.

Smith told Net Zero Investor: “Out of the 30 individual providers nominated, BNP Paribas was highlighted as the best standout provider of sustainable/ESG finance across all products and services according to global treasurers.

What banks are not using ESG scores? ›

The American banks – Citi, Bank of America, JPMorgan Chase and Wells Fargo – are listed as having left the group of institutions that have signed the principles. The news was condemned by climate groups as “shocking” and “cowardly”.

We define our approach as "Vision Investing" which encompasses three key pillars: values alignment, investing with impact, and Environmental, Social and Governance (ESG) integration.

A commitment to sustainability will require that the company engage its suppliers in the move toward more sustainable business practices. This will require a critical analysis of suppliers' current social, environmental, and economic impacts.

Through green financing initiatives, including renewable energy projects and green bonds, JPMorgan Chase facilitated over $200 billion towards environmental solutions, contributing towards its ambitious $2.5 trillion sustainable development financing target by 2030.

We are committed to the journey — as a business partner, an employer, a community member, an environmental steward and a value creator for shareholders. By thinking and acting sustainably, we will deliver excellent customer service and strong financial results and position the company for a strong future.

We want to satisfy our customers' financial needs and help them succeed financially. This unites us around a simple premise: Customers can be better served when they have a relationship with a trusted provider that knows them well, provides reliable guidance, and can serve their full range of financial needs.