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Advancing Environmental Sustainability

We are integrating sustainability across the enterprise to help accelerate the transition to a low carbon economy

At Wells Fargo, we are working to embed environmental sustainability throughout our products, services, operations, and culture to drive efficiencies and responsible resource use while creating comfortable, safe, and healthy workplaces. We believe that climate change continues to be one of the most urgent environmental and social issues of our time, and we are working across our value chain to help accelerate the transition to a low-carbon economy and reduce the impacts of climate change on our business, communities, employees, and customers.

Climate change

Climate change is one of the most urgent environmental and social issues of our time. Wells Fargo is committed to aligning our activities to support the goals of the Paris Agreement and helping transition to a net-zero carbon economy. Our goal is to achieve net-zero greenhouse gas emissions by 2050, including financed emissions. To meet this goal, we are taking a thorough view of how to address climate change, looking across our business and financial portfolios, reducing the impact of our operations, and driving resiliency in our communities.

We're leveraging our relationships and collaborating with our stakeholders on a number of initiatives to transition to a low-carbon, climate-resilient future, including:

  • Working with clients to help finance their emissions reduction efforts, support science-based research on low-carbon solutions, and advocate for policies that enable client transactions
  • Driving innovation and accelerating market-based solutions to the climate crisis
  • Disclosing our progress to eventually include all Scope 3 financed emissions as sufficiently reliable data becomes available
  • Enhancing energy and resource efficiency in our own physical assets to help promote operational sustainability, adaptation, and resilience
  • Managing environmental and social impacts (PDF)

Sustainable finance

As part of our sustainability goals, Wells Fargo has committed to deploy $500 billion in sustainable finance between 2021 and 2030. This includes financial products and services that:

  • Support clients or client activities that promote environmental sustainability. Categories include: renewable energy, energy-efficiency, green buildings, and clean transportation.
  • Serve excluded, under-served, or marginalized people or communities. Categories include: socioeconomic advancement and empowerment, housing affordability, healthcare, and education.

In 2021, we launched the Wells Fargo Institute for Sustainable Finance to help deploy financing to sustainable businesses and projects and to support science-based research on low carbon solutions. The Institute will work with communities as they prepare for and adapt to changing weather-related impacts, and will advocate for policies that enable client transitions.

In August 2022, Wells Fargo announced the issuance of its second Inclusive Communities and Climate Bond, a $2 billion bond that will fund projects and programs supporting housing affordability, economic opportunity, renewable energy, and clean transportation. This is the company’s second Sustainability Bond and its first to include consumer financing of electric vehicles as a project category.

Operational efficiency

To help provide healthy, safe, productive, and environmentally responsible spaces for our stakeholders, we approach operational efficiency through the principles of:

  • Environmental considerations
  • Resource efficiency
  • Reducing our energy, water, and resource consumption and greenhouse gas emissions
  • Deploying sustainable building design, construction, and operations into our corporate properties
  • Engaging employees in environmental activities and leveraging their skills
Wells Fargo has achieved carbon neutrality for Scope 1 and Scope 2 emissions for 2019 and 2020 operations, and we continue to leverage our annual energy spend to support the development of new renewable energy revenue, and grid resiliency in locations where our customers and employees live and work.

Wells Fargo Institute for Sustainable Finance

The Institute supports clients and communities to accelerate the transition to an equitable, low-carbon economy.

Learn more

Our goal of net zero by 2050

Learn about the Wells Fargo CO2eMission to help drive down greenhouse gas emissions to net zero by 2050.