WELLS FARGO & COMPANY

(WFC)
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Delayed Nyse  -  04:04 2022-07-01 pm EDT
39.92 USD   +1.91%
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Wells Fargo mpany : Appoints Robyn Luhning as Chief Sustainability Officer

04/04/2022 | 08:07am EDT

New role underscores the company's commitment to sustainability, climate strategy, and Environmental, Social and Governance disclosure

SAN FRANCISCO - Wells Fargo & Company (NYSE: WFC), today announced that it has appointed Robyn Luhning to the newly created role of Chief Sustainability Officer (CSO), underscoring the bank's commitment to enterprise sustainability, addressing climate change, and increasing focus on Environmental, Social and Governance (ESG) matters.

In her new role, Luhning is responsible for leading progress against the company's enterprise climate initiatives and overseeing the Wells Fargo Institute for Sustainable Finance, which includes climate-aligned philanthropy, climate advocacy, and support for sustainable finance deployment and accounting. She also will have responsibility for the company's ESG transparency and disclosure initiatives.

"Sustainability and addressing climate change are business imperatives at Wells Fargo and require a dedicated, elevated focus," said Bill Daley, Vice Chairman of Public Affairs at Wells Fargo. "Robyn's strong background in corporate responsibility, stakeholder engagement, and environmental and social risk management make her well-suited for this new position at the bank."

Luhning began her career at Wells Fargo in 2011 as head of Environmental and Social Risk Management (ESRM), where she implemented the company's first ESRM policy. She served most recently as interim head of Social Impact & Sustainability and before that as head of Strategy and Transformation within the Public Affairs division. Luhning holds a master's degree in environmental management from Yale University.

In March of 2021, Wells Fargo set a goal of net-zero greenhouse gas emissions by 2050, including client emissions attributable to its financing; committed to set targets for interim financed emission targets for the Oil & Gas and Power sectors by the end of 2022; and reset its sustainable finance commitment to $500 billion between 2021 and 2030. Wells Fargo has achieved carbon neutrality in its operations (scopes 1 and 2) since 2019, and has invested over $13.3 billion in clean energy projects across the country (between 2005 and 2021), making it a leading provider in the tax equity market. More information on sustainability at Wells Fargo can be found on 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 www.wellsfargo.com | Twitter: @WellsFargo

Contact Information
Media
E.J. Bernacki
[email protected]

Disclaimer

Wells Fargo & Company published this content on 04 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2022 12:06:08 UTC.


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Financials (USD)
Sales 2022 73 566 M - -
Net income 2022 15 797 M - -
Net Debt 2022 - - -
P/E ratio 2022 9,72x
Yield 2022 2,71%
Capitalization 151 B 151 B -
Capi. / Sales 2022 2,06x
Capi. / Sales 2023 1,89x
Nbr of Employees 246 577
Free-Float 69,1%
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Charles William Scharf President, Chief Executive Officer & Director
Michael P. Santomassimo Chief Financial Officer & Senior Executive VP
Steven D. Black Chairman
Saul van Beurden Senior Executive VP & Head-Technology
Scott E. Powell Chief Operating Officer & Senior Executive VP
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