Sign On
At Wells Fargo, we believe we have a role to play in addressing social, economic, and environmental sustainability. We recognize that we have a responsibility to do our part to help address the many global challenges facing the communities we serve. We are committed to strengthening our business for the future.
Climate action
As part of Wells Fargo’s overall corporate sustainability strategy, we have established a framework to prioritize the impact we aim to achieve through our activities. As described in more detail in our Sustainability & Governance Report (PDF),our focused impact areas are categorized around both Climate Action and Community Impact, with a critical area of overlap. The Climate Action areas not only reflect our desire to support clients and communities in tangible ways, but they also align with the collective steps we believe are needed to build a low-carbon economy, underpinned by a focus on an equitable transition.
Our climate action impact areas are:
- Scale clean energy.
- Increase sustainability where we live and work.
- Advance climate finance and innovation.
- Support an equity-focused transition.
For more information, please visit Wells Fargo Institute for Sustainable Finance (ISF).
CO2eMission
CO2eMission, our methodology for aligning financial portfolios to the 1.5 degree Celsius goal of the Paris Agreement and for setting interim, emissions-based targets to guide that alignment.
Sustainable finance
Since announcing our goal of deploying $500 billion in sustainable finance by 2030, we have taken meaningful steps forward.
In 2021, we launched the Wells Fargo Institute for Sustainable Finance to help increase understanding of sustainable finance and highlight initiatives that support a low-carbon economy.
From 2021 to 2023, Wells Fargo originated, committed, advised, or facilitated approximately $178 billion in sustainable finance activities, representing approximately 36% of our $500 billion sustainable finance goal.
Our second Inclusive Communities and Climate Bond, a $2 billion bond, supported sustainable finance efforts for projects and programs that contribute to housing affordability, economic opportunity, renewable energy, and clean transportation. We were recognized at the 8th Climate Bonds Awards for the Largest Financial Corporate Sustainability Bond of 2022 by the Climate Bonds Initiative.
Operational sustainability
Across our footprint, we have set operational sustainability goals for 2030, as listed below. We are working to make progress towards these goals. Refer to our Sustainability & Governance Report (PDF) for details.
- Reducing GHG emissions (Scope 1 and 2) from 2019 levels by 70%.
- Reducing energy usage from 2019 levels by 50%.
- Reducing total waste stream from 2019 levels by 50%.
- Reducing water usage from 2019 levels by 45%.
- Meeting 100% of our annual purchased electricity consumption needs with new renewable sources.
Human rights
Wells Fargo is committed to respecting human rights throughout our operations, products, and services. Our efforts are guided by the Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights, which identify a responsibility for corporations to respect human rights in their operations and through their business relationships, and to provide remedies when adverse impacts to these rights occur. For more information, please see our Human Rights Statement (PDF).
