USA: Wells Fargo adopts policy to address environmental risks of projects supported by its loans, but NGO says policy is still too weak

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12 July 2005

Wells Fargo adopts environmental lending policy [USA]

Author: Jonathan Stempel, Reuters

Wells Fargo & Co., the No. 5 U.S. bank, on Monday said it will tighten its lending standards to address potential environmental risks, but the policy met resistance from an advocacy group that has pushed several banks to be more eco-friendly. [refers to policies adopted by Citigroup, Bank of America, JPMorgan Chase; also refers to Goldman Sachs, John Hancock Financial Services (part of Manulife Financial), SunTrust Banks, US Bancorp, Wachovia]

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11 July 2005

Wells Fargo Commits to Ten-Point Plan for Environmental Sustainability


...Wells Fargo's environmental commitment is as follows: [list of the 10 points in the plan]

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