Wells Fargo to make $30 billion environmental investments by 2020

“Our commitment to the environment reflects our belief that Wells Fargo’s responsibility as a corporation goes beyond its mission of helping customers succeed financially. We also have a major role to play in promoting the long-term economic prosperity and quality of life of the communities we serve,” said chairman, president and CEO John Stumpf. “By bringing our talents and resources to these efforts, we seek to work jointly with businesses and communities in protecting and preserving this planet and its precious resources for future generations.”

Wells Fargo’s comprehensive commitment to investing in environmental solutions for stronger communities includes three areas of focus through 2020:

• Accelerating the transition to a greener economy
  • $30 billion in loans and investments to promote a “greener economy,” including wind and solar energy, clean technologies, energy efficient buildings, environmental innovation, and environmentally responsible public financing
  • An approach to environmental and social risk management focused on responsible ways of doing business together with our business customers
  • Engage its 70 million customers through marketing and communications aimed at raising awareness about products and services that can help customers succeed financially as well as protect the environment – eg promotions of paperless banking services and financing for energy efficient home improvements
• Encouraging stronger and more sustainable communities

Wells Fargo to make $30 billion environmental investments by 2020