Created before Nov 2016
Last update: 2018-04-16 14:41:58
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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 Fransisco. 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
Timothy J. Sloan |
Chairman & CEO
|Annual report||Annual Report 2017|
listed on NYSE Euronext
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Dodgy Deals map
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Letter from Wells Fargo to Business and Human Rights Resource Centre, BankTrack on How banks contribute to human rights violations
Indigenous Peoples Statement
Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO
Letter from SumOfUs, As You Sow to Wells Fargo on Shareholder resolution to adopt a policy regarding the rights of indigenous people
Banking with Principles? Second Edition June 2016
Financing Climate Chaos
Banking with Principles?
Voluntary initiativesWells Fargo has committed itself to the following voluntary standards:
Indigenous Peoples Statement
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.