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Last update: 2016-10-18 10:46:54
Ben Collins, Rainforest Action Network
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Wells Fargo is one of the big banks in the United States, located in San Fransisco. In october 2008, Wells Fargo acquired the troubled bank Wachovia, at that moment the sixth biggest bank in the US. With the take-over of Wachovia, Wells Fargo became an even larger player at the American financial market.
The bank calls itself the World's safest US Bank' because it received an AAA+ rating from Moody's and Standard & Poor's.
420 Montgomery Street
CA 94104 San Francisco
Timothy J. Sloan |
Chairman & CEO
Corporate Social Responsibility Report 2015|
Annual Report 2015
listed on NYSE Euronext
Voluntary initiativesWells Fargo has committed itself to the following voluntary standards:
BankTrack campaigns and Wells Fargo
True leader Front runner Follower Laggard
BankTrack has assessed Wells Fargo on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Wells Fargo is assessed as a Follower, with a total score of 5/12.
Implementation and reporting
Wells Fargo is reporting on the implementation here.
Contact and complaints
Wall Street turns its back on Mountaintop Removal coal mining
After sustained campaigning by RAN, eight of Wall Street's biggest banks have developed public policies limiting their appetite for investment in mountaintop removal (MTR) coal mining. By 2011, MTR policies or statements had been released by banks including Credit Suisse, JP Morgan Chase, Morgan Stanley and Wells Fargo, PNC bank and UBS. The policies were assessed by RAN in the 2011 MTR report card. RAN and others continue to scrutinize implementation of these policies.