wells fargo esg goals and performance data

Nearly one out of five (18.5%) small and mid-caps are using ESG standards, such as the UN SDG, GRI, or SASB. ESG offers numerous benefits, including reduced business risks, better financial performance, and higher returns on investment. Environmental, social, and governance (ESG) reporting. 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 Numbers may differ from other Wells Fargo reports that count employees based on full-time equivalent methodology. We disclose our ESG strategy, policies and practices in our Annual Report and Proxy Statement. Opportunity. "Sustainability Additional information may be found atwww.wellsfargo.com | Twitter:@WellsFargo. @F,qtS "3rTUZ7qG;,,{\{N$tux~G9\1pFp=CTE.t4$ `ch3 pHt`h``h zAn`RL2y %. 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. 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. 2766 0 obj <>stream Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. ESG investments to grow market share and improve transparency . Bernacki, 4158233523 (pCG!aAT HW0T4*2~^ro}*;vpYkC10ht400(ut QL@d-+d10~"@,vD ?~? WellsFargo Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. Once considered a niche market for the largest global companies, ESG has moved into the mainstream and been adopted by smaller, privately-owned companies as well. Looking at these statistics, one thing is clear: ESG is a critical must-do for all companies, regardless of size or industry. Wells Fargo 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 . (Photo: Wells Fargo) "Through the issuance of this second Sustainability Bond, Wells Fargo is . [Carrots and Sticks]. Explore real stories about how were helping our communities thrive. Make sure all people feel respected and have equal access to resources and opportunities to succeed. Naveg a una pgina que no est disponible en espaol en este momento. ESG strategies can affect operating profits by as much as 60% [McKinsey], 13. Investors have become increasingly interested in ESG issues. hb```@(1QXp 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. A Wells Fargo & Co. sign sits on display outside the company's offices in San Francisco, California, U.S., on Tuesday, April 27, 2010. [Quoted Companies Alliance]3. Email us at corporateresponsibility@wellsfargo.com, 1999 - 2023 Wells Fargo. 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). %%EOF As part of our sustainability goals, Wells Fargo has committed to deploy $500 billion in sustainable . 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. ESG Report, and 2020 ESG Goals and Performance Data are available . U.S. companies from Wells Fargo to Delta Air Lines are under increasing pressure from investors to address climate change, and they have been making the environment (or ESG) a focal point of . >>> Next: ESG Is Not New, But It's The New Normal. "Being transparent about our approach to environmental and social governance issues and the risks associated with them helps . ESG portfolios constructed using the ratings of two well-known ESG ratings providers yield large performance dispersion and low correlation of returns. In April 2021, the Prince of Wales joined 40 banks worldwide in a working group called the . NMLSR ID 399801. Explore how we're creating a more inclusive future in your neighborhood. Reflecting this trend, we took the decision to integrate our ESG report into the 2021 Barclays PLC Annual Report. ESG factors are often interlinked, and it can be challenging to classify an ESG issue as only an environmental, social, or governance issue, as shown in the example below. Naveg a una pgina que no est disponible en espaol en este momento. The company also . %%EOF The results of the review are shared with our Boards Human Resources Committee. 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 minimum account size for this program is $500. NMLSR ID 399801, 45% of our U.S. workforce is ethnically/racially diverse, 8,072 veteran employees in the U.S. (self-identified). The company is split into four primary segments . 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. 6. Social Impact & Sustainability leads the development of strategic initiatives and corporate commitments to drive positive, innovative social impact and sustainability, manage critical environmental and social issues, and enhance Wells Fargo's reputation as a leader in Environmental, Social and Governance (ESG) performance. Please enable JavaScript on your browser and refresh the page. %PDF-1.6 % 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 . Understand how exposed companies are to specific material ESG issues and how well companies are managing these issues. Accelerate transition to a low-carbon economy to help reduce climate change impacts. 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. Address 420 Montgomery St, San Francisco, California, 94104-1207. In early 2021, Wells Fargo announced a goal of aligning our business activities with the goals of the Paris Climate Agreement and achieving net- . We're sorry, but some features of our site require JavaScript. 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 D&%`<0;D2HFH2:n`@go ?h Copyright 2023 Sustainalytics. 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. Learn more about our efforts and progress related to sustainability. performance . Performance data quoted represent past performance and are no guarantee of . Our goal is to achieve net-zero greenhouse gas emissions by 2050, including financed emissions. We're sorry, but some features of our site require JavaScript. 53% of revenues of the 500 largest US companies and 49% of revenues of the 1,200 largest global companies come from business activities that support SDGs [S&P Global], 11. Industrial & Commercial Bank of China Ltd. 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. 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. Please enable JavaScript on your browser and refresh the page. We see differences as an asset. NMLSR ID 399801. 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. 71% of CEOs believe it is their personal responsibility to ensure that the organizations ESG policies reflect the values of their customers [KPMG], 23. Its top executives say that because they . The data can be challenging to track, which prompted our Wells Fargo Investment Institute team to develop a proprietary . Learn about the Wells Fargo CO2eMission to help drive down greenhouse gas emissions to net zero by 2050. Our purpose is to advance sustainable economic growth and financial opportunity. 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. . 30 on Fortunes 2020 rankings of Americas largest corporations. With the support Wells Fargo provides its over 64,700 members participating in one or more groups, and the programming they create, ERNs play a key role in recruiting and retaining talent. 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. Wells Fargo & Co., the fourth-largest U.S. bank by assets and deposits, may raise its dividend once capital levels satisfy regulators and if the economic recovery continues, said Chief Executive Officer John Stumpf. 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. We're sorry, but some features of our site require JavaScript. Please enable JavaScript on your browser and refresh the page. Email us at corporateresponsibility@wellsfargo.com. 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 For more information on WellsFargos approach to climate change and other ESG topics, Wells Fargos TCFD Report, ESG Report, and 2020 ESG Goals and Performance Data are available on wellsfargo.com. 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. You can sign up for additional alert options at any time. 2749 0 obj <> endobj Originally from Montral, Canada, Pich earned her bachelors degrees in economics and international studies from Macalester College in St. Paul, Minnesota. More than 200 companies have signed The Climate Pledge, a pact to reach the Paris Agreement goal of net zero carbon 10 years early. Business has an important role to play in advancing the transition to a low-carbon economy. But don't take our word for it. [PwC]. 02:46. 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 . 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.

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