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Wells Fargo Joins Net-Zero Banking Alliance


Wells Fargo today announced it has joined the Net-Zero Banking Alliance (NZBA), an industry-led leadership group designed to foster collaboration and support banks in aligning their financing with the goal of achieving net-zero greenhouse gas (GHG) emissions by mid-century. The NZBA recognizes the vital role of banks in supporting clients in their net-zero transitions and working with governments to deliver on their decarbonization policies and pledges. In March 2021, Wells Fargo announced a goal to achieve net-zero GHG emissions, including emissions attributable to its financing, by 2050 as well as outlining a number of other climate-related initiatives.

“As our CEO Charlie Scharf shared when we announced our net-zero goal, climate change is one of the most urgent environmental and social issues of our time, and the risks of inaction are too great to ignore,” said Nate Hurst, head of Social Impact & Sustainability for Wells Fargo. “We are proud to join so many other banks in this important alliance.”

“As a financial institution serving many sectors of the economy, we acknowledge our role in deploying resources and working closely with our clients to support their respective low-carbon transitions,” Hurst continued. “Banks cannot do this alone — together with government policies and investments, innovation, and collective action we can make progress towards the goals of the Paris Agreement and our own net-zero ambitions.”

For more information on Wells Fargo’s approach to climate change and other ESG topics, Wells Fargo’s TCFD Report, ESG Report, and 2020 ESG Goals and Performance Data are available on Additional sustainability news, insights and perspectives are available at Wells Fargo Stories.  

About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is the leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 37 on Fortune’s 2021 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at | Twitter: @WellsFargo.

Contact Information
E.J. Bernacki, 415‑823‑3523

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