The Institute for Sustainable Communities (ISC), the Tides Foundation and Wells Fargo are coming together to launch a climate justice fund to create more equitable access to clean and affordable energy and improve climate resiliency in historically excluded and divested communities. ISC will launch a new initiative – “Dismantling Energy Inequity in Communities of Color” (DEICC) – expanding the organization’s focus on energy inequity in communities of color through the fund established with a $2.85 million grant from the Wells Fargo Foundation. To ensure philanthropic resources reach communities, ISC is…
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Wells Fargo Launches $20 Million Invest Native Initiative for Native American Communities
Wells Fargo have announced a $20 million commitment to advance economic opportunities in Native American communities working with Native-led organizations. The Invest Native initiative aims to address housing, small business, financial health, and sustainability among Native American communities in Arizona, Montana, New Mexico, North Dakota, South Dakota, and Wyoming. The program is designed as a grantmaking initiative – to support a more equitable and prosperous future for Native Americans. The announcement represents a continuation of philanthropic support of Native American communities, building on the company’s five-year, $50 million commitment to…
Read MoreNational 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 MoreWells 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 MoreWells 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…
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