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…

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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…

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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…

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Wells Fargo Announces Efforts to Keep People Housed in Response to COVID-19

Wells Fargo & Company have announced additional efforts to help people stay in their homes with funding for more than 500 nonprofits across the U.S., as part of the Wells Fargo Foundation’s $175 million commitment to assist people and communities in response to COVID-19. More than 300 grants have already been made since March to help nonprofits provide urgent housing services for vulnerable populations. “Wells Fargo continues to take steps to support our customers, employees and communities in the wake of the COVID-19 pandemic,” said Bill Daley, vice chairman of…

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Wells Fargo Donates $6.25 Million to Aid in Coronavirus Response

The Wells Fargo Foundation has announced up to $6.25 million in donations to support domestic and global response to the coronavirus (COVID-19) and to aid public health relief efforts. The philanthropic funding includes $1 million for the National Centers for Disease Control and Prevention’s Emergency Relief Fund and $250,000 to the International Medical Corps for their work in more than 30 countries. The company will also donate up to $5 million at the local level to help address community-specific needs in the coming months. In addition, Wells Fargo & Company (NYSE:…

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