National Urban League Partnership With Wells Fargo Aims To Diversify Home Appraisal Industry

Today the National Urban League and Wells Fargo announced a $5 million grant to create the Diverse Appraiser Initiative, a new program that aims to increase diversity and reduce barriers to entry in the home appraisal industry. The grant is expected to be allocated over five years with a goal of certifying up to 260 diverse appraisers. In addition to supporting the certification of trainees, the initiative includes entrepreneurship and small business development components with a focus on creating 130 potential new businesses. The National Urban League will work with…

Read More

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.  The new report is part of a suite of resources and public disclosures on important Environmental, Social, Governance (ESG) topics, including the company’s annual ESG report, and inaugural Task Force on Climate-Related Financial Disclosures Report, released in February 2021, which provides an update on the…

Read More

Wells Fargo Sets Goal to Achieve Net Zero Greenhouse Gas Emissions by 2050

Wells Fargo has announced a major step in its efforts to support the transition to a low-carbon economy by setting a goal of net zero greenhouse gas emissions — including its financed emissions — by 2050. To help meet this ambitious goal, Wells Fargo will measure and disclose financed emissions for select carbon-intensive portfolios; set interim emission reduction targets; deploy more capital to finance climate innovation; and continue to work with its clients on their own emissions reductions efforts. The company will also launch an Institute for Sustainable Finance to…

Read More

Wells Fargo Surpasses $10 billion in Tax-Equity Financing of Renewable Energy Projects

As one of the U.S.’s leading clean energy investors, Wells Fargo Renewable Energy & Environmental Finance, or REEF, provides tax-equity financing to utility-scale projects in the wind, solar, and fuel cell sectors. Launched in 2006 — and part of the company’s broader commitment to help accelerate the just transition to a lower-carbon economy — REEF has now provided more than $10 billion in tax-equity financing in support of more than 500 renewable energy projects across the company.  “Wells Fargo believes that climate change is one of the most urgent environmental and social…

Read More

Wells Fargo Gives $1 Million in Scholarships to Bridge Financial Gaps Faced by Students Amidst COVID-19

Students dedicated to making a positive difference in the world offer the greatest hope for the future, but for many their plans are threatened due to the unexpected financial gap posed by COVID-19 – sometimes prohibiting them from continuing and completing college. Wells Fargo wants to help close that gap by launching the Wells Fargo Student Impact Scholarship. This new initiative will provide 200 students with $5,000 each – funds that could help them cover various costs for their instruction and potentially make the difference in being able to continue…

Read More