Home › Banks ›

Bank

Active

This profile is actively maintained

Last update: 2024-10-07 17:04:01

Active

This profile is actively maintained

Last update: 2024-10-07 17:04:01

Bank info

BankTrack campaigns

All

About

Website	http://www.wellsfargo.com/
Headquarters	420 Montgomery Street CA 94104 San Francisco United States
CEO/chair	Charles W. Scharf CEO and President
Supervisor	Federal Reserve
Ownership	listed on NYSE Wells Fargo's complete shareholder structure can be accessed here.

Wells Fargo is a US financial services company which was founded in 1852. The Bank is headquartered in San Francisco. Wells Fargo serves more than 70 million customers and has offices in 32 countries. The financial institution provides banking, investment, mortgage products and services, and consumer and commercial finance.

Sustainability

Commitments

Policies

Voluntary standards

Wells Fargo's most important sustainability commitments can be found at the website sections listed below.

Links

Corporate responsibility

Human rights statement

Bank policy

2022-09-06 00:00:00 | Wells Fargo

Modern Slavery Statement

Bank policy

2022-08-29 00:00:00 | Wells Fargo

Environmental and Social Impact Management Framework

Bank policy

2022-08-18 00:00:00 | Wells Fargo

2030 targets for oil & gas and power sectors

Bank policy

2022-05-04 00:00:00 | Wells Fargo

Code of Ethics and Business Conduct

Bank policy

2021-04-30 00:00:00 | Wells Fargo

Indigenous Peoples Statement

Bank policy

2020-07-15 00:00:00 | Wells Fargo

Supplier Code of Conduct

Bank policy

2016-07-27 00:00:00 | Wells Fargo

Wells Fargo has committed itself to the following voluntary standards:

Business for Social ResponsibilityTags: corporate social responsibility

Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions

Carbon PrinciplesTags: carbon | climate change | greenhouse gas emissions

Global Reporting InitiativeTags: sustainable development | human rights

Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants

Taskforce on Nature-related Financial Disclosures (TNFD)Tags: corporate social responsibility | finance

UNEP Finance InitiativeTags: United Nations | sustainable development

Dodgy Deals

Wells Fargo is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Wells Fargo's link to these deals.

Projects / Companies

Finance type

Year

News

BankTrack

Partners

Blog

External

Active

Active

Links

Corporate responsibility

Human rights statement

Modern Slavery Statement

Environmental and Social Impact Management Framework

2030 targets for oil & gas and power sectors

Code of Ethics and Business Conduct

Indigenous Peoples Statement

Supplier Code of Conduct

Sierra Club finds major US banks are climate laggards, recommends steps to meet net-zero commitments

Energy supply financing ratios: the next milestone in banks’ climate strategy

Banks must overhaul climate targets to deliver emissions cuts, new analysis finds

BankTrack’s set to publish 2024 Global Human Rights Benchmark in November

Gulf Coast residents and major organizations call on financial institutions to phase out financing of LNG projects in the Rio Grande Valley

Biggest banks finance more carbon pollution than emissions of Italy, Germany, France and UK combined

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JPMorgan Chase, Mizuho, and Bank of America are worst 3 funders

Top 6 U.S. Banks Financed Fossil Fuels with $1.8 trillion Since the Paris Agreement; Chase, Citi, & Bank of America Top the List Worldwide

Banks have not quit coal, 8 years after the Paris Agreement

Citi, JPMorgan, Wells Fargo to face AGM challenges over indigenous rights impact

New study: Financing for industrial livestock undermines U.S. banks’ climate commitments

Citi increases transparency, but fails to disclose clear net-zero transition plan

The banks financing dirty steel

Banks financing company behind controversial Rosebank oil field despite climate pledges

UK banks urged to end finance to company behind Rosebank oil field development

New guidelines for Net-Zero Banking Alliance: too little, too late, too slow

Major US banks leave global environmental and social standards group

Wall Street Makes Zero Progress in Energy Finance Transition

Investing in Extinction - How the global financial sector profits from traditional medicine firms using threatened species

New report: Major global banks are financing deadly US coal plants thanks to loopholes in their climate commitments

Will US banks become the next target for activists fighting the Mountain Valley Pipeline?

Decarbonization: steel not making the cut

New report: US banks’ role in capital markets reveals a hidden pipeline for fossil fuel financing

US banks and climate-related policy: How the sector engages on sustainable finance and real economy climate policies

One silver lining in otherwise disappointing shareholder season at big US banks

European banks have a dirty climate secret – but a new initiative could make them come clean

Bank of America, Citigroup, and Wells Fargo shareholders vote on proposals urging progress on climate & Indigenous rights

Wall Street’s biggest banks failing key ESG test in fresh study

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Global banks pledged to cut emissions – but still invest billions in US gas exports

Climate resolutions on tap for bank shareholder season

Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?

These ‘Net-Zero’ Banks Are Still Pretty Big on Big Oil

Throwing fuel on the fire: GFANZ members provide billions in finance for fossil fuel expansion

The number of major banks refusing to support EACOP reaches 24

JPMorgan announces new climate targets covering aviation, cement

Right-wing attack on sustainable finance is the latest form of climate denial

New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

These U.S. banks are financing climate chaos through fossil fuel expansion

JPMorgan Chase and 5 other U.S. megabanks behind one-third of global funding to expand coal, oil and gas

Leaders or laggards? Report analyzes net-zero pledges of US banks

US banks: Financing coal expension, ignoring climate emergency

Jackdaw shows once again Shell is failing on climate. So why are its bankers failing to act?

Banks have arranged US$2.7 trillion in bonds for fossil fuel companies

As peak hurricane season looms, banks bolster cozy relationship with fossil fuel industry

What’s next in the growing movement to push banks on climate action?

New Report: Financing a Fossil Future – Tracing the Money Pipeline of Fossil Gas in Southeast Asia

Climate groups call on Shell’s bankers to stop Jackdaw gas field

Seven financiers abandon TotalEnergies' EACOP pipeline in a week

Marsh revealed in oil pipeline project shunned by leading banks and insurers

This shareholder season, big banks are feeling the heat on climate

Opinion: Bank needs to put money where mouth is on climate change

Gulf Coast communities fighting the massive buildout of fracked gas exports

Investors ask banks to rethink funding fossil fuel projects, including Line 3

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Largest U.S. banks to face shareholder votes on climate change

Wells Fargo's Human Rights Impact Assessment Leaves Shareholders Dissatisfied

Top U.S. institutions are financing Russia war chest

Banks failing to address severe human rights impacts transparently, finds BankTrack research

New Report: US banks and investors responsible for roughly the emissions of Russia

Meet the banks funding the owners of the Cambo oil field

Equator Banks involved in financing at least 200 fossil fuel projects since Paris

Wells Fargo joins Net-Zero Banking Alliance with no plan for phasing out fossil fuel finance

Stop the Money Pipeline launches Customers for Climate Justice

Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

Climate change could cause the next great recession, the Biden administration can prevent it

New bank links to Myanmar junta and atrocities found

Formosa’s new St. James project is the real pest

Dear bank CEO, you are cordially invited to defund this pipeline