“However, we know that we cannot facilitate this transition alone.
“The complex solutions needed require action from governments, businesses, communities and individuals – it will also require policy measures, technological advancements and behavioural changes.”
How Wells Fargo is tackling climate issues
To support its goals, Wells Fargo is focussed on collaborating with stakeholders to support GHG emissions reduction beyond its direct business activity.
It is also enhancing its internal climate-related capabilities and supporting client activities and transactions in relation to the climate.
In 2023 Wells Fargo broke ground for its new Dallas campus, planned to be its first net positive energy building.
The building will have rooftop solar panels, electric vehicle charging stations, dynamic glass and native plantings.
Wells Fargo is supporting real economy decarbonisation through four pillars:
- Grow climate solution companies – financing the growth of companies that provide services, technology and expertise for the climate transition
- Support climate supply chains – financing the manufacturing, supply and distribution of clean energy components and technologies
- Build and deploy climate solutions – financing upfront costs associated with the purchase, construction and adoption of climate solutions
- Aid client transitions to low-carbon future – financing emissions reduction activities of companies in high-emitting sectors
The Wells Fargo Innovation Incubator is running a programme to support companies adopting climate technologies.
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