Wells Fargo Giving 30 Billion to “Green” the Economy

Wells Fargo & Company (NYSE: WFC) announced today an enhanced commitment to environmental leadership that includes the following goals to be achieved by 2020: $30 billion in loans and investments in support of a “greener” economy, $100 million in community grants for grassroots environmental initiatives, and a 40% increase in the company’s energy efficiency.

“Our commitment to the environment reflects our belief that Wells Fargo’s responsibility as a corporation goes beyond its mission of helping customers succeed financially. We also have a major role to play in promoting the long-term economic prosperity and quality of life of the communities we serve,” said Chairman, President and CEO John Stumpf. “By bringing our talents and resources to these efforts, we seek to work jointly with businesses and communities in protecting and preserving this planet and its precious resources for future generations.”
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