Created before Nov 2016
Last update: 2019-03-04 15:13:12
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About Wells Fargo
Wells Fargo is the third-largest bank in the United States by total assets, and the second-largest by market capitalisation, according to 2017 figures. It is headquartered in San Francisco. In October 2008, Wells Fargo acquired the troubled bank Wachovia, then the sixth biggest bank in the US.
420 Montgomery Street
CA 94104 San Francisco
C. Allen Parker |
Annual report 2018|
CSR report 2017
listed on NYSE Euronext
Wells Fargo's shareholders structure can be accessed here.
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Banking on Climate Change – Fossil Fuel Finance Report Card 2019
Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact
Every two weeks a bank, insurer or lender announces new coal restrictions
Banks massively financing fossil fuels unclear about future of ... fossil fuels
JPMorgan Chase, Wells Fargo and Crédit Agricole warned not to finance tar sands pipeline companies
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Bankrolling Climate Change
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Banking with Principles? Second Edition June 2016
Financing Climate Chaos
Banking with Principles?
Voluntary initiativesWells Fargo has committed itself to the following voluntary standards:
Wells Fargo's web page on corporate social responsibility can be accessed here.
Wells Fargo and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Wells Fargo adopted the Equator Principles in 2005.
Reporting on the Equator Principles
Wells Fargo must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
Wells Fargo is involved in financing the following Equator Principles projects that BankTrack considers controversial.
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.