Wells Fargo & Co
Banking Services
Company Summary
Wells Fargo & Company is a major financial institution that has committed to sustainability and ESG principles, including a pledge to reach net-zero emissions by 2050. The company has made efforts in clean energy financing and community investment, focusing on financial inclusion and diversity. Wells Fargo’s ESG rating reflects its progress in environmental sustainability, but it has faced substantial scrutiny due to past scandals related to corporate governance and ethical practices. These controversies have raised concerns about the company’s overall commitment to social responsibility. Despite improvements in some areas, such as employee welfare and diversity, Wells Fargo’s ESG score is impacted by its historical governance issues. For more information on Wells Fargo’s ESG strategies, consult the latest Wells Fargo ESG report, which outlines both its advancements and challenges.
ESG Rating Overview
Sustainalytics
Overall ESG Rating :
LSEG
Overall ESG Rating :
MSCI
Overall ESG Rating :
Wells Fargo is average among 196 companies in the banks industry.
Temperature Rise :
News from Wells Fargo & Co
Wells Fargo Announces $2 Billion Climate & Inclusive Communities Bond
Wells Fargo Issues a $2 Billion Climate and Inclusive Communities Bond
Otis Rolley is appointed head of social impact by Wells Fargo
Wells Fargo Foundation donates $40 million to diversify housing developers
Wells Fargo Examines Diversity Policy After Fake Accounts Scandal
Partnership between Wells Fargo and Operation HOPE to Promote Financial Inclusion
Robyn Luhning is appointed chief sustainability officer by Wells Fargo
FAQ
What is Wells Fargo's ESG score?
Wells Fargo has an ESG rating of "BBB" by MSCI, indicating room for improvement in certain ESG areas.
How does Wells Fargo rank in ESG performance?
While progressing in ESG, Wells Fargo’s performance is mid-tier compared to its peers, but it’s actively working to improve.
What sustainability efforts has Wells Fargo undertaken?
Wells Fargo aims to achieve net-zero emissions by 2050 and has pledged $500 billion in sustainable financing by 2030.
