Wells Fargo releases 2016 Corporate Social Responsibility Interim Report and some of the progress our team members have made toward achieving our five-year CSR goals, which have three areas of strategic focus: fostering a diverse and inclusive culture that drives innovation, creating economic opportunities in underserved communities, and doing our part to reduce the impacts of climate change.
Wells Fargo & Company announced today that the company invested nearly $67 billion in lending capital and grants during 2016 toward achieving its 2020 Corporate Social Responsibility (CSR) goals that were set last year to help create solutions to address global challenges and strengthen communities. Wells Fargo’s 2016 CSR Interim Report, released today, details the company’s performance and progress in addressing three areas of strategic focus: advancing diversity and social inclusion, creating economic opportunities in underserved communities, and accelerating the transition to a lower-carbon economy and a healthier planet.
According to independent analyses conducted by the National Aeronautics and Space Administration (NASA) and the National Oceanic and Atmospheric Administration (NOAA), 2016 was the warmest year on record globally and represented the third record year in a row. The analyses noted that the rise in temperature is being driven primarily by increased carbon dioxide and other human-made greenhouse gas (GHG) emissions.
We are working with stakeholders around the globe to bring breakthrough ideas to life in many areas ranging from innovative infrastructure to better health to economic empowerment. Our connections can bring the future forward faster, driving human and economic progress, and our employees, investors, suppliers, customers, governments, communities and nonprofit organizations are key to accelerating the invention and implementation of our mobile technology for social good.
Climate change. It’s certainly one of the biggest issues facing the planet and us, the 7 billion people who share it. Yet it’s become clearer than ever that we can’t rely on governments alone to do something about it. It’s imperative that the private sector step up as a force for Good — and we’re encouraged to see that it is. Read this article to see how companies like Hewlett Packard Enterprise, Expedia, Agrium, and EarthShare encourage employees to take small, everyday actions to make a big environmental impact.
Already 35 exchanges and market regulators globally reference GRI’s sustainability reporting framework. In March, Nasdaq’s Nordic and Baltic stock exchanges joined this group, as they released an ESG guide for listed companies to better comply with investor demands on non-financial disclosure, referencing GRI as the best practice in sustainability reporting throughout the guide.
The Indonesia Sustainable Ecosystems Advanced (SEA) Project supports the Government of Indonesia to improve the management of fisheries and marine resources and to conserve biological diversity.
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