Wells Fargo Social Impact and Sustainability

Wells Fargo & Company is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance. Wells Fargo ranked No. 30 on Fortune's 2020 rankings of America's largest corporations.

 

As a company, Wells Fargo is focused on fostering an inclusive, sustainable future and strengthening the resiliency of our communities and our planet for the long term. Working hand in hand with nonprofits and other community stakeholders, we’re combining our resources and expertise to empower change in underserved communities with a focus on creating greater racial equity and curbing climate change.

Our overall approach to social impact and sustainability includes four strategic priorities:

  • opening pathways to economic advancement

  • championing safe, affordable homes

  • empowering small businesses to thrive

  • accelerating a just, low-carbon future

For additional information, including our ESG disclosures, visit: https://www.wellsfargo.com/about/corporate-responsibility/goals-and-reporting/

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Environment

Wells Fargo Innovation Incubator Selects Five Agtech Companies Targeting Global Food Resiliency
The Wells Fargo Innovation Incubator (IN2) announced today it selected five startups to participate in the program’s 11th cohort.

Philanthropy & Cause Initiatives

Wells Fargo Donates to Humanitarian Relief in Ukraine, Support for U.S. Service Members
Wells Fargo announced today $1 million in donations across three nonprofits to enable humanitarian aid for Ukraine and Ukrainian refugees, as well as support services for U.S. service members and their families across the globe.

Philanthropy & Cause Initiatives

Smithsonian Latino Center Receives $2 Million Gift From Wells Fargo
The Smithsonian Latino Center has announced a $2 million gift from Wells Fargo to support the National Museum of the American Latino and the development of the Molina Family Latino Gallery. The gift establishes Wells Fargo as a corporate founder to commit $2 million and a founding donor from the financial services industry. Wells Fargo is a corporate founder of the Latino Gallery and a founding donor of the National Museum of the American Latino.

Philanthropy & Cause Initiatives

Wells Fargo Awards $1 Million to Assist Asian American and Pacific Islander Communities
Wells Fargo is awarding $1 million in grants to provide support for the Asian American and Pacific Islander (AAPI) community and small businesses in response to the COVID-19 pandemic and the recent increase in anti-Asian hate

Sustainable Finance & Socially Responsible Investment

Wells Fargo Issues Inclusive Communities and Climate Bond
Diverse underwriting firms to receive bulk of fees from $1 billion Sustainability Bond, which supports housing affordability, socioeconomic opportunity, and renewable energy

Awards, Ratings & Rankings

Wells Fargo Recognized Among the 100 Best Corporate Citizens by 3BL Media
Wells Fargo is excited to work with others on 3BL Media’s list of 100 Best Corporate Citizens to create lasting change in our communities and continue our commitment to ESG.

Research, Reports & Publications

Wells Fargo Releases 2020 Social Impact and Sustainability Report
Wells Fargo has published its 2020 Social Impact and Sustainability Highlights report, providing an update on the company’s social and environmental activities and progress during 2020 to support an inclusive, sustainable economic recovery, including contributions to COVID-19 relief, racial equity and inclusion, and climate change.

Philanthropy & Cause Initiatives

Wells Fargo Donates $500,000 for Winter Storm Relief in Texas
The devastating effects of several winter storms have left millions of Texans dealing with costly home damages and limited access to food and water.

Research, Reports & Publications

The National Foundation for Credit Counseling® (NFCC®) and Wells Fargo's Latest Military Financial Readiness Survey Highlights the Financial Health of Military Households.
(Washington, DC) Members of the armed forces, their spouses and veterans are no exception when it comes to the impact of the coronavirus pandemic (COVID-19) and financial well-being. According to the National Foundation for Credit Counseling® (NFCC®) 2020 Military Financial Readiness survey, sponsored by Wells Fargo and conducted by Harris Poll, it is clear, among military households that their professional training left them better prepared for crisis management during the past year. With a continued reliance on an uncertain gig economy and a trend toward increased reliance on borrowing, military and veteran populations see a distinct mix of challenges and opportunities when it comes to personal finances.

Diversity & Inclusion

Wells Fargo Invests in Six Black-Owned Banks
Wells Fargo today announced equity investments in six African American Minority Depository Institutions (MDIs) as part of its March 10, 2020, pledge to invest up to $50 million in Black-owned banks.

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