Wells Fargo Recognized as a Top Green Power User by U.S. Environmental Protection Agency
February 14 2019 - 9:00AM
Business Wire
Company meets 100 percent of global electricity requirements
with renewable energy
The U.S. Environmental Protection Agency (EPA) has named Wells
Fargo to its Green Power Partnership National Top 100 for using
nearly 2 billion kilowatt-hours (kWh) of renewable energy annually,
representing 100 percent of the company’s global electricity
requirements. Wells Fargo ranked No. 4 on the list. The list
recognizes organizations that take action to maximize the
production of renewable energy and minimize the climate impacts
associated with their operations.
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the full release here:
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(Graphic: United States Environmental
Protection Agency)
Wells Fargo also ranked No. 1 among financial services
companies.
The EPA’s Green Power Partnership National Top 100 is based on
the amount of renewable energy purchased and produced by each
organization.
Acting on an operational sustainability commitment made in 2012,
Wells Fargo began meeting 100 percent of its global electricity
needs in 2017, primarily through the purchase of unbundled
Renewable Energy Certificates. The company is working to
transition, by the close of 2020, to long-term contracts that fund
net-new sources of renewable energy, bundled with Renewable Energy
Certificates and supplemented by maximizing on-site solar
production within its nearly 85 million square feet of real
estate.
“Wells Fargo’s sustainability goal is to accelerate the
transition to a low-carbon economy, and we are a recognized leader
and innovator in the area of operational efficiency,” said Mary
Wenzel, head of Sustainability and Corporate Responsibility at
Wells Fargo. “Setting and meeting aggressive operational
sustainability goals — like our 100 percent renewable energy goal —
is one way we put our commitment into action. It also is a great
point of pride for so many of our committed team members.”
James Critchfield, program manager of the EPA’s Green Power
Partnership, said, “This list of the largest users of green power
across the nation is proof that good business practices can also
benefit the environment. EPA applauds the leading organizations in
the Green Power Partnership rankings for their notable commitment
to expand the use of green power and protect the environment.”
According to EPA, Wells Fargo's green power use of nearly 2
billion kWh is equivalent to the annual electricity use of more
than 184,000 average American homes.
Wells Fargo also leverages its businesses, its company culture
and its community support to meet sustainability goals. For
example, in 2018 the company announced it would provide $200
billion in financing to sustainable businesses and projects by
2030, with more than $100 billion earmarked for renewable energy,
clean technology and green building transactions that directly
support the transition to a low-carbon economy. Also, in 2017, 8
percent of all wind and solar energy generated in the U.S. came
from facilities owned wholly or in part by Wells Fargo through its
Renewable Energy and Environmental Finance business.
For more information on Wells Fargo’s commitment to
sustainability, go to
https://www.wellsfargo.com/about/corporate-responsibility/environment/,
or read our most recent Corporate Responsibility Report.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified,
community-based financial services company with $1.9 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. Founded in 1852 and
headquartered in San Francisco, Wells Fargo provides banking,
investment and mortgage products and services, as well as consumer
and commercial finance, through 7,800 locations, more than 13,000
ATMs, the internet (wellsfargo.com) and mobile banking, and has
offices in 37 countries and territories to support customers who
conduct business in the global economy. With approximately 259,000
team members, Wells Fargo serves one in three households in the
United States. Wells Fargo & Company was ranked No. 26 on
Fortune’s 2018 rankings of America’s largest corporations. In 2017,
Wells Fargo donated $286.5 million to 14,500 nonprofits and Wells
Fargo team members volunteered a record 2 million hours. Wells
Fargo’s corporate social responsibility efforts are focused on
three strategic priorities: diversity and social inclusion,
economic empowerment, and environmental sustainability. News,
insights and perspectives from Wells Fargo are also available at
Wells Fargo Stories.
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version on businesswire.com: https://www.businesswire.com/news/home/20190214005498/en/
E.J. Bernackiejbernacki@wellsfargo.com
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