Wells Fargo
Visit at https://www.wellsfargo.com
Wells Fargo
Wells Fargo is a financial services company that provides a wide range of banking, investment, and financial services to individuals, businesses, and institutions. It offers products such as bank accounts, loans, mortgages, investing, credit cards, and more.
Positive signals
Wells Fargo & Co. has a 'Strong' management score for ESG material risk according to Sustainalytics, indicating robust ESG programs, practices, and policies relative to industry peers as of May 2025.
Wells Fargo & Co. holds a 'Medium' ESG Risk Rating of 26.9 from Sustainalytics, ranking 540th out of 1,019 banks globally, which places it in the middle tier for managing industry-specific ESG risks.
Wells Fargo is included in S&P Global's ESG scoring system, which evaluates the company’s performance on and management of material ESG risks, opportunities, and impacts, reflecting ongoing third-party monitoring.
Concerns
Wells Fargo & Co. has a 'High' exposure score for ESG risks according to Sustainalytics, indicating the company is significantly exposed to material ESG issues in the banking sector, which could present ongoing challenges if not managed effectively.
MEDIUM
Source →Wells Fargo dropped its 2050 net-zero target for financed emissions as well as its sector-specific interim targets for 2030 in early 2025, signaling a retreat from previous climate commitments and raising concerns about its long-term environmental strategy.
HIGH
Source →Sustainalytics analysis shows that Wells Fargo has faced severe regulatory enforcement actions in recent years, with the sum of fines imposed on US banks (including Wells Fargo) increasing by 66% under the Biden administration (2021-2025) compared to the Trump administration’s first term, indicating ongoing material governance and compliance risks.
CRITICAL
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