At Wells Fargo, we’re committed to finding new ways to minimize energy consumption and to use renewable sources of energy in our own operations.
- We’re on target to reduce our absolute carbon emissions by 35% below 2008 levels by 2020; we’ve reached 23% as of 2013. By increasing virtualization, decommissioning older systems, and using updated hardware, our IT leaders have achieved enhanced efficiencies in our data centers, resulting in reduced carbon emissions.
- In 2013, we implemented an automated carbon emissions tracking and measurement tool with an expanded scope to include all facilities leased and owned worldwide.
- We have deployed light-emitting diode (LED) lighting in 30,000 fixtures, achieving a 77% increase in lighting efficiency.
Leadership in Energy and Environmental Design (LEED®)
- Since 2008, we’ve been implementing LEED standards in our new and existing building portfolio.
- In 2013, our LEED-certified space grew to 12% of our entire real estate portfolio.
- Since 2008, 169 Wells Fargo buildings were LEED certified, enhancing the work environments of nearly 20,000 team members.
- In 2013, LEED Existing Buildings: Operations and Maintenance (LEED EB: O&M) certification was achieved at 10 administrative facilities totaling more than 6 million square feet of property. In 2014, 91 retail stores will achieve certification, the single largest simultaneous project certification in the history of the USGBC LEED program, increasing the global population of LEED EBOM projects by 3%. Wells Fargo also has plans to certify 100 additional stores annually through 2020.
Greater Efficiency and Waste Reduction
- In 2012, 40 banking stores began using new irrigation systems based on measurement of rainfall. The systems conserved more than 30 million gallons of water and nearly $250,000 in utility costs. In 2013, we began installation of the systems at 14 of our large corporate campuses and conserved 20 million gallons of water in eight months. The program has been expanded to 600 banking stores and is projected to conserve more than 300 million gallons of water and more than $1.4 million in utility costs every year.
- In 2013, polystyrene was eliminated from Wells Fargo cafeterias, coffee stations, and office supply catalogs.
- We were the first bank to offer its customers envelope-free ATMs, and later, e-receipts. Today, 46% of receipt-eligible ATM transactions result in an e-receipt or a customer’s selecting not to print a receipt.
- Since 2009, Wells Fargo customers completed more than 1 billion paperless transactions at our ATMs through the use of e-receipts. That’s more than 63,000 miles of receipt paper, which could circle the Earth more than twice.
- In 2013, we became the first bank to introduce a text receipt option.