More than half of investors are interested in sustainable investing, and sustainable investments have grown 30-fold since 2010. &06ZMI@v -%d`3_.D @ nK After submitting your request, you will receive an activation email at the requested email address. All these benefits aside, one major reason ESG has taken off in the last few years has to do with investors. Genevive brings extensive leadership experience and a passion for all aspects of ESG and we look forward to seeing her leadership and partnership across the CIB platform. Explore real stories about how were helping our communities thrive. We prioritize the ESG issues that offer the greatest potential for Walmart to create shared value. Those dimensions can include but are not be limited to age, gender, ethnic heritage, race, physical or mental abilities, sexual orientation, values, religion/spiritual practice, income, family status, education, and geographic location. 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. 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's execution on strategic priorities, including a continued focus on efficiency improvements, a recovering economy, and our ongoing work to put legacy issues behind us contributed to significantly improved year -over-year financial results. Hannah.Sloane@wellsfargo.com. We define diversity as the unique combination of various dimensions that makes each of us different from and similar to others. Wells Fargo is committed to working with nonprofits to build a more inclusive, sustainable future for all. 15. In 2018, WellsFargo announced it will provide $200 billion in financing to sustainable businesses and projects by 2030, with more than 50% focused on clean technology and renewable energy transactions that directly support the transition to a low-carbon economy. To opt in for email alerts, please enter your email address in the field below and select at least one alert option. This represents a 63% increase in ESG mentions from the previous quarter, and the highest number of ESG mentions in the last ten years. Total Shareholder Return (1) (USD) 30 35 40 45 50 +61%. Our exposure score takes into consideration subindustry and company-specific factors such as its business model. In August 2022, Wells Fargo announced the issuance of its second Inclusive Communities and Climate Bond, a $2 billion bond that will fund projects and programs supporting housing affordability, economic opportunity, renewable energy, and clean transportation. Explore how we're creating a more inclusive future in your neighborhood. Notice: The information provided is for informational, non-commercial purposes only, does not constitute investment advice and is subject to conditions available in our Legal Disclaimer. ESG is far from a new concept, but it has taken off in popularity over the past few years. Accelerate transition to a low-carbon economy to help reduce climate change impacts. LifeSync offers "one cohesive approach to goal tracking for clients regardless of their level of wealth or stage in life", says Michelle Moore, head of consumer and wealth and . @F,qtS "3rTUZ7qG;,,{\{N$tux~G9\1pFp=CTE.t4$ `ch3 pHt`h``h zAn`RL2y %. Environmental, social, and governance (ESG) reporting. "Enterprises should improve data security and privacy controls to meet certain ESG disclosures," Hirth said. 11 ESG goals and performance data. When Parnassus invested in Wells Fargo Bank, the company had positive fundamental and ESG profiles. The $1.9 trillion-asset company said that it will pay 75% of the transaction's underwriting fees to firms owned by women, people of color and disabled . Wells Fargo is committed to aligning our activities to support the goals of the Paris Agreement and helping transition to a net-zero carbon economy. News, insights and perspectives from Wells Fargo are also available at WellsFargo Stories. 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. Access ESG strategy, activities, performance, and reports. Selecione Cancele para permanecer en esta pgina o Contine para ver nuestra pgina principal en espaol. In 2019, Perillon became part of Lisam,a global leader in SDS/ChemicalManagement software, serving morethan 1,700 customers from 24 worldwidelocations. Done right, it requires a significant investment of money and resources. Learn More. . 2. Our diversity, equity, and inclusion strategy provides common direction and clear goals across Wells Fargo. One major takeaway from the research is the breadth of companies that are embracing ESG. Success comes from inviting and incorporating diverse perspectives. 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 . 1999 - 2023 Wells Fargo. WFC is headquartered in San Francisco, California, the US. You can search by company name or ticker to view the ESG and climate risks and opportunities the company might face. The number of ESG reporting provisions issued by governmental bodies has grown 74% over the last four years. %%EOF Media Relevant military experience is considered for veterans and transitioning service men and women. 02:46. Bank of America, in April, for example, more than tripled its environmental financing goal, saying it wants to deploy more than $1 trillion by 2030 to accelerate the transition toward a low-carbon, sustainable future. Why is diversity, equity, and inclusion important to Wells Fargo? In April 2021, the Prince of Wales joined 40 banks worldwide in a working group called the . Our CEO chairs the IBC and partnered closely on the development of these . Company Profile WFC. Companies need to hold themselves accountable for improved performance over time. Contact Information A summary of the study appeared in the publication's April 8 edition. Between 2011 and 2016, approximately 5,300 employees were fired for fraudulent . Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. 80% of the worlds largest companies are reporting exposure to physical or market transition risks associated with climate change [S&P Global Market Intelligence], 7. 6Cn[j8lWbhZ064khzfn4agiU^U6dOFJ)w*AMoc]ccUJ6T.uk#_=u'r~o',oI/-@$` UVi:yaoonv}^ gn-:]5 ZinQw_W~=y/b=Aeo}vc@R6trCWXyz;#]!g#0FFa7jh61t:R;q4rOC"=XZ)F30h6;q{M*IDX 5gl GsAjj. Unfortunately this company is not yet rated by Sustainalytics or no matches were found. [FactSet], 5. Pich will partner with the companys Social Impact and Sustainability team, Public Affairs, and other business segments across WellsFargo to help drive a holistic firm-wide response to evolving ESG opportunities. In the past year, demand for ESG solutions from our corporate clients has surged across many areas, from subscription finance to equity capital markets, M&A, and bond issuance. It is almost entirely focused on the U.S. EEO Supplemental Information (PDF), 1999 - 2023 Wells Fargo. Meeting the increasingly diverse needs of Wells Fargo's global customer base is critical for our company's long-term growth and success. hbspt.cta._relativeUrls=true;hbspt.cta.load(2328737, '3418f2bf-d564-4d02-bbe0-19b30c19c9d2', {"useNewLoader":"true","region":"na1"}); As more companies get on board with ESG, new statistics are emerging every day that show how it is shaping the business landscape. ejbernacki@wellsfargo.com. D&%`<0;D2HFH2:n`@go ?h As our CEO Charlie Scharf shared when we announced our net-zero goal, climate change is one of the most urgent environmental and social issues of our time, and the risks of inaction are too great to ignore, said Nate Hurst, head of Social Impact & Sustainability for WellsFargo. You must click the activation link to complete your subscription. 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. Support clients or client activities that promote environmental sustainability. Key 2021 Highlights 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 . Setting the right ESG goals will help your company demonstrate your long-term business vision to your customers, investors, and other relevant stakeholders. Please enable JavaScript on your browser and refresh the page. Wells Fargo . 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. Additional sustainability news, insights and perspectives are available at WellsFargo Stories. 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. Past performance is no guarantee of future results. To create accountability and measure progress, diversity, equity, and inclusion metrics are reported in the annual Diversity, Equity & Inclusion Report. Access ESG strategy, activities, performance, and reports. Media Wells Fargo 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. About WellsFargo She brings strong relationship management, product, and credit experience, having supported a range of industry segments, as well as leading origination efforts in Emerging Europe, Africa, India, and Middle East for financial institutions. Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry. 71% of CEOs believe it is their personal responsibility to ensure that the organizations ESG policies reflect the values of their customers [KPMG], 23. To attract and retain talented employees, Wells Fargo offers a total compensation package, including salary, benefits, and incentive pay opportunities, that is competitive with those offered by our key competitors in the businesses and markets where we operate. We see differences as an asset. 0 In spite of all this, the research shows that companies are falling short of their ESG targets. When these high sales goals were determined by Wells Fargo, for the manpower, it resulted in the employees' tension and pressure and further there was a trickle-down effect on the customers. ESG offers numerous benefits, including reduced business risks, better financial performance, and higher returns on investment. Together, Perillon and Lisam provide the most intuitive and the easiest-to-implement modern cloud platform for industrial corporations, setting the standard for how corporate leaders efficiently meet new Environmental, Social and Governance (ESG) goals. Banks cannot do this alone together with government policies and investments, innovation, and collective action we can make progress towards the goals of the Paris Agreement and our own net-zero ambitions.. 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. WellsFargo ranked No. This public search tool displays only a subset of companies in our . We focus on three areas: To implement diversity, equity, and inclusion in every aspect of our business, we collaborate with key internal partners including Human Resources, Public Affairs, Marketing, and Corporate Communications. 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. NMLSR ID 399801. Leverage Sustainalytics' ESG Risk Ratings to understand and promote your corporate ESG performance with internal and external stakeholders. We value and promote diversity, equity, and inclusion in all aspects of business and at all levels. 969 0 obj <> endobj We're sorry, but some features of our site require JavaScript. Make sure all people feel respected and have equal access to resources and opportunities to succeed. ESG Goals and Performance Data (PDF) . You can sign up for additional alert options at any time. These findings are from a recent Wells Fargo Investment Institute (WFII) report: Vision Investing: Values, Impact, and ESG (PDF). Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services. SAN FRANCISCO WellsFargo Corporate & Investment Banking (CIB), a division of WellsFargo & Company (NYSE: WFC), today announced that it has appointed Genevive Pich to lead Banking Environmental, Social, and Governance (ESG) Solutions. 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. The Institute will work with communities as they prepare for and adapt to changing weather-related impacts, and will advocate for policies that enable client transitions. ESG Report, and 2020 ESG Goals and Performance Data are available . No of Employees 243,674. This team is . [Carrots and Sticks]. We provide links to external websites for your convenience. 22. 1013 0 obj <>stream Bernacki, 4158233523 Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services to individuals . Serve excluded, under-served, or marginalized people or communities. %PDF-1.6 % EEO is the Law (PDF) 37 on Fortunes 2021 rankings of Americas largest corporations. 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. Business has an important role to play in helping to address some of the most pressing environmental and social challenges of our time; whether helping address the racial wealth gap or advancing solutions and innovations needed for the low-carbon transition. 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 72% of European asset owners that receive ESG-related reports from asset managers would prefer to standardize reports across managers, yet only 18% are currently able to do so. 20. However, much work is still needed to ensure that companies are ready for the ESG revolution. We include both gender and race/ethnicity in our reviews. 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. You are leaving newsroom.wf.com and entering a website that Wells Fargo does not control. [NAVEX Global], 24. Wells Fargo & Company is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies 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 and Investment Management. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. 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. The differences are even greater at the individual ratings level for environmental, social, and governance scores. 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. Contact Information WellsFargo Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. 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. The research shows that more countries are requiring companies to disclose their ESG performance in one format or another. Based in Charlotte, NorthCarolina, Pich will report to Ken Kitkowski, head of Corporate Finance. Through the issuance of Sustainability Bonds, Wells Fargo seeks to reinforce its commitment to projects that align with its sustainability goals and advance the development of the broader sustainable finance market. Sustainalytics' Peer Performance Insights gives an in-depth analysis of your company's ESG strengths and weaknesses compared to your competitors and industry performance. [Quoted Companies Alliance], 4. Created supply chain sustainability strategy development across the Walt Disney Company, focused on Consumer Products and Parks and Resorts segments . 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. 4025 0 obj <> endobj Central to the digital infrastructure strategy is Wells Fargo's selection of two industry leaders as its public cloud providers: Microsoft Azure as its . At Wells Fargo, we remain excited about the future of sustainable finance, the transformative impact it will continue to . [Deloitte], 17. Wells Fargo Sustainability Bond Framework . More information on sustainability at Wells Fargo can be found on Wells Fargo Stories. The ESG Risk Ratings can help investors to identify, understand and manage ESG risks at the security and portfolio level with the aim of improving the long-term performance of their equity and fixed income securities. Mark Segal March 8, 2021. Embarking on a formal ESG journey is no small feat. To opt in for email alerts, please enter your email address in the field below and select at least one alert option. These data were collected in 2017 when Wells Fargo was in the middle of . Categories include: socioeconomic advancement and empowerment, housing affordability, healthcare, and education. We disclose our ESG strategy, policies and practices in our Annual Report and Proxy Statement. Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. Telephone 1 612 6671234. Our goal is to achieve net-zero greenhouse gas emissions by 2050, including financed emissions. Wells Fargo & Company and its subsidiary, Wells Fargo Bank, N.A., have agreed to pay $3 billion to resolve their potential criminal and civil liability stemming from a practice between 2002 and 2016 of pressuring employees to meet unrealistic sales goals that led thousands of employees to provide millions of accounts or products to customers under false pretenses or without consent, often by . endstream endobj startxref 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. A recent study conducted on behalf of Wells Fargo showed "large majorities" of respondents preferred digital modes to handle all their financial matters. Were 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 opportunities to succeed. I am also comfortable in using tools like Erwin Data Modeler, Power BI, SQL Developer and Alteryx. Im excited to coordinate existing ESG efforts and identify niche strategies and product opportunities for our clients across M&A, lending, and more. Learn about our environmental, social, and governance (ESG) strategy, activities, and performance through the disclosures below. Wells Fargo to Deploy Additional $500 Billion in Sustainable Finance by 2030. Please enable JavaScript on your browser and refresh the page. Learn More. However, the following statistics prove that these efforts will pay off in the long run. Compare Wells Fargo & Co. with other industry peers. Throughout this document you will see the following callout to indicate where information about performance . [Climate Bonds Initiative], 18. Our office locations span the Americas, Europe, and Asia-Pacific. In early 2021, Wells Fargo announced a goal of aligning our business activities with the goals of the Paris Climate Agreement and achieving net- . 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. 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 [Clearwater Analytics]. Introduction . March 9, 2021 by Emily Holbrook. 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. Naveg a una pgina que no est disponible en espaol en este momento. You are leaving wellsfargo.com and entering a website that Wells Fargo does not control. The company also recently launched a Sustainable Finance center of excellence to advance the practice and impacts of sustainable finance at WellsFargo and within the larger financial services sector, and drive innovation around financing resilient infrastructure and communities, scaling clean technology, advancing transition finance in carbon-intensive sectors, and catalyzing climate-aligned financing. . Explore real stories about how were helping our communities thrive. [Business and Sustainable Development Commission], 10. Wells Fargo is the latest big bank to embrace ambitious lending goals to fight the climate crisis. ESG investments to grow market share and improve transparency . Wells Fargo is committed to working with nonprofits to build a more inclusive, sustainable future for all. After submitting your request, you will receive an activation email at the requested email address. 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. Security goals pertaining to ESG-related information is critical as well. hb```@(1QXp 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). 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. Glendale, CA. To help provide healthy, safe, productive, and environmentally responsible spaces for our stakeholders, we approach operational efficiency through the principles of: The Institute supports clients and communities to accelerate the transition to an equitable, low-carbon economy. Wells Fargos Board of Directors, through its Human Resources Committee, oversees the Companys human capital management practices, including our talent management and succession planning process, diversity, equity, and inclusion initiatives, and pay equity reviews. More than 200 companies have signed The Climate Pledge, a pact to reach the Paris Agreement goal of net zero carbon 10 years early. 4040 0 obj <>/Filter/FlateDecode/ID[<9E1E71D3FFAF43C483EF1BC13188BE55><261203C3A3546A4F92C4B1EC7B5B117F>]/Index[4025 450]/Info 4024 0 R/Length 109/Prev 852551/Root 4026 0 R/Size 4475/Type/XRef/W[1 2 1]>>stream As part of our sustainability goals, Wells Fargo has committed to deploy $500 billion in sustainable . Finance and ESG are an increasingly interconnected proposition. Exposure refers to the extent to which a company is exposed to different material ESG issues. 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. The data can be challenging to track, which prompted our Wells Fargo Investment Institute team to develop a proprietary . 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. 4 Within the underlying E, S, and G dimensions, the sustainable counterpart to the S&P 500 . . hbbd```b`` j""Yl5``! Were taking an active role in addressing pressing societal challenges to drive positive impact. 2749 0 obj <> endobj [Carrots and Sticks], 21. 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. The company also . 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. 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 Climate change is one of the most urgent environmental and social issues of our time. Advancement of climate goals and an emphasis on biodiversity COP27 and COP15 closed in winter 2022, raising accountability for climate goals and putting a . JPMorgan Chase is committed to helping our clients navigate the challenges and capitalize on the long-term economic opportunities and environmental benefits of .