Creating Specific, Measurable, Achievable . Website www.wellsfargo.com. The report aims to educate clients, financial advisors, and investors about market trends around sustainable investing and to communicate . Setting the right ESG goals will help your company demonstrate your long-term business vision to your customers, investors, and other relevant stakeholders. Wells Fargo launches digital financial planning platform LifeSync %PDF-1.7 % Jul 2015 - Jun 20172 years. WellsFargo Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. Step 3 - Familiarize yourself with and set SMART goals. These ESG factors can often be measured (e.g., what the employee turnover for a company is), but it can be difficult to assign them a monetary value (e.g., what the cost of . Leverage Sustainalytics' ESG Risk Ratings to understand and promote your corporate ESG performance with internal and external stakeholders. %%EOF Learn More. hb```@(1QXp The Governance and Nominating Committee (GNC) of Wells Fargo & Companys Board of Directors identifies, evaluates, and recommends board nominees who represent a variety of backgrounds, skills, professional and industry experience, and other personal qualities, attributes, and perspectives that contribute to the overall diversity of the Board. Wells Fargo ranked No. 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 . [NAVEX Global], 24. Wells Fargo Newsroom - Wells Fargo Joins Net-Zero Banking Alliance You are leaving newsroom.wf.com and entering a website that Wells Fargo does not control. 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 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. 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. [The Climate Pledge]. In March of 2021, Wells Fargo set a goal of netzero greenhouse gas emissions by 2050, including client emissions attributable to its financing; committed to set targets for interim financed emission targets for the Oil & Gas and Power sectors by the end of 2022; and reset its sustainable finance commitment to $500 billion between 2021 and 2030. 4025 0 obj <> endobj [Business and Sustainable Development Commission], 10. 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. We define diversity as the unique combination of various dimensions that makes each of us different from and similar to others. Feb 2019 - Present4 years 2 months. But don't take our word for it. However, the following statistics prove that these efforts will pay off in the long run. Contact Information 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. EEO is the Law (PDF) 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 Our office locations span the Americas, Europe, and Asia-Pacific. Wells Fargo Newsroom - Genevive Pich Leads Banking Environmental The bank is setting a goal of net zero greenhouse gas emissions . It's important to understand ESG data and engagement before making investment choices. Banks and lenders can use our ESG Risk Ratings and data as a part of a broader analysis of their clients as well as for innovative product solutions such as sustainability linked loans. Open to all employees, Wells Fargo's 10 Employee Resource Networks (ERNs) are organized by individuals connected by a shared background, experience, or other affinity. After submitting your request, you will receive an activation email at the requested email address. Wells Fargo Sustainability Bond Framework . There are many factors to take into consideration when choosing an investment portfolio and ESG data is only one component to potentially consider. We're sorry, but some features of our site require JavaScript. 20. ESG Goals - Your 5 Step Guide To Setting Company ESG Targets - Good.Lab Media Investors have become increasingly interested in ESG issues. Appointment reflects surge in client demand for ESG products and services. 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. 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. 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. 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). These findings are from a recent Wells Fargo Investment Institute (WFII) report: Vision Investing: Values, Impact, and ESG (PDF). Another reason for the rapid growth of ESG has to do with global mandates. We're sorry, but some features of our site require JavaScript. You must click the activation link to complete your subscription. 4474 0 obj <>stream Naveg a una pgina que no est disponible en espaol en este momento. When Parnassus invested in Wells Fargo Bank, the company had positive fundamental and ESG profiles. Wells Fargo CEO's comments about diverse talent anger some employees - CNBC Address 420 Montgomery St, San Francisco, California, 94104-1207. 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. 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. NMLSR ID 399801. That is why the Paris Agreement's temperature goal of 1.5 C is often expressed as "net-zero greenhouse gas emissions by 2050.". ESG strategies can affect operating profits by as much as 60% [McKinsey], 13. hbbd``b$ EH0; ` $y q[Azb``$`NQbsG`4G8%FB F Plays a major role in shaping, sustaining, and driving the business development of the bank across 54 branches throughout the East Coast . 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 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. Wells Fargo is the latest big bank to issue a sustainability bond, working with diverse firms to raise $1 billion for investments in projects such as renewable energy and affordable housing. 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 WellsFargos approach to ESG risks and opportunities, and performance on ESG measures. Accelerate transition to a low-carbon economy to help reduce climate change impacts. A "net-zero greenhouse gas emissions by 2050" goal is grounded in an effort to limit the Earth's average temperature rise to no more than 1.5 C above pre-industrial levels. Please enable JavaScript on your browser and refresh the page. Sustainability and Other Reporting. Wells Fargo Agrees to Pay $3 Billion to Resolve Criminal and Civil Key Points. 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. Jeenah Moon for The New York Times. ESG-mandated assets could make up half of all professionally managed investments by 2025, totaling $35 trillion. ESG Goals and Performance Data (PDF) . Our goal is to achieve net-zero greenhouse gas emissions by 2050, including financed emissions. Building a diverse pipeline of candidates for positions at all levels of the company, including leadership positions. D&%`<0;D2HFH2:n`@go ?h Looking at these statistics, one thing is clear: ESG is a critical must-do for all companies, regardless of size or industry. As part of our sustainability goals, Wells Fargo has committed to deploy $500 billion in sustainable . Were taking an active role in addressing pressing societal challenges to drive positive impact. Table of Contents 2020 goals and progress 3 Diversity and inclusion 3 Economic empowerment 5 Environmental sustainability 6 Environmental, social, and governance (ESG) performance 10 key ESG and sustainability trends for business, IT Introduction . In spite of all this, the research shows that companies are falling short of their ESG targets. Wells Fargo Environmental, Social, and Governance Goals and Performance Learn more about our efforts and progress related to sustainability. Wells Fargo . News, insights and perspectives from Wells Fargo are also available at WellsFargo Stories.