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23 Jan 2018

Wells Fargo

Wells Fargo response re Drummond & paramilitary violence in Colombia & financing for cluster munitions

... Wells Fargo strives to engage only with business customers that respect human rights and takes human-rights abuse allegations very seriously. We conduct enhanced due diligence for corporate customers in industries that present higher social and environmental risks, including fossil fuels, and we actively monitor developments regarding any allegation of human rights violations. It is also worth noting that Drummond is no longer a Wells Fargo customer, and that in 2015, Wells Fargo announced that we were limiting and reducing our exposure in coal mining. With regard to Textron and Orbital ATK, confidentiality policies prohibit us from providing details on specific customer relationships beyond what is publicly available. For more information on Wells Fargo's commitment to safeguarding human rights, please see our Human Rights Statement on wellsfargo.com.