Newsweek Ranks Wells Fargo Greenest Bank in U.S.
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) announced today that it ranks number one among banks and insurance companies – and thirteenth overall – in Newsweek magazine’s inaugural Green Rankings of the country’s 500-largest companies.
“A healthy environment is an integral part of positive community development and long-term business success,” said Mary Wenzel, head of Environmental Affairs. “We’ve been working hard to integrate environmental stewardship into everything we do and are proud to be recognized for our efforts.”
Wells Fargo has provided more than $5 billion in financing to environmentally beneficial businesses. That includes more than $1.6 billion to support wind and solar energy projects nationwide and more than $3 billion to support the development of Leadership in Energy and Environmental Design (LEED®) certified “green” buildings. In addition to financing, Wells Fargo is one of the first companies to earn precertification from U.S. Green Building Council for LEED.
Wells Fargo and its team members are working to make a difference in the communities where we live and work. Wells Fargo Green Teams are organized to help drive sustainability within the company. Volunteering through nonprofit housing organizations that construct and rehab low-to moderate-income housing, team members have worked on nearly 150 homes that meet local or national environmental building standards. In addition, the company is contributing $750,000 to support nonprofit organizations that focus on renewable energy, greener buildings or sustainable agriculture.
The ranking looked at companies’ environmental impacts, environmental policies and strategies, and environmental reputation. The top 20 Greenest Big Companies in America, according to Newsweek:
3. Johnson & Johnson
6. State Street
8. Bristol-Myers Squibb
9. Applied Materials
11. Johnson Controls
12. Cisco Systems
13. Wells Fargo
14. Sun Microsystems
15. Sprint Nextel
16. Adobe Systems
17. Advanced Micro Devices
About Wells Fargo
Wells Fargo & Company is a diversified financial services company with $1.3 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 10,000 stores and 12,000 ATMs and the internet (wellsfargo.com) across North America and internationally. The Company works with thousands of communities across North America to promote economic self-sufficiency, education, social services, the arts and the environment. Wells Fargo has been listed on the Carbon Disclosure Project’s Carbon Disclosure Leadership Index. For more about Wells Fargo’s environmental initiatives: www.wellsfargo.com/environment.
Posted: September 29, 2009