23 Apr '12, 12pm

Why Wells Fargo is banking on sustainability: What does it take for a major bank to make a major environmental c...

Why Wells Fargo is banking on sustainability: What does it take for a major bank to make a major environmental c...

Today, Wells Fargo announced a major environmental commitment consisting of three 2020 goals: $30 billion in loans and investments in clean technologies, energy-efficient buildings, environmental innovation; $100 million in community grants and increased volunteerism for grassroots environmental initiatives; and energy-efficiency, waste-diversion, green building, and greenhouse gas targets. What does it take for a major bank to make such a commitment? Why would it do that? In search of answers, I recently talked with Patricia Callahan, senior executive vice president and chief administrative officer at Wells Fargo, and Mary Wenzel, the banks' director of environmental affairs. Following is an edited version of that conversation. Joel Makower: One of the things that’s interesting about this announcement is that there is so much else going on in your world: the Wachovia inte...

Full article: http://www.greenbiz.com/blog/2012/04/23/why-wells-fargo-b...

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Wells Fargo to invest $30B in environmental financing

Wells Fargo to invest $30B in environmental fin...

greenbiz.com 23 Apr '12, 12pm

Wells Fargo (NYSE: WFC) is upping the ante for environmental investment. On Monday, the bank announced it will plunk down ...

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