Wells Fargo & Co 2016 AR2
The report outlines Wells Fargo's financial and corporate social responsibility performance for the fiscal year 2016. A key focus of the year was rebuilding trust following retail banking sales practices issues, which led to significant leadership and governance changes. Despite these challenges, the company achieved $21.9 billion in net income and grew its loan and deposit portfolios. In terms of sustainability, the company financed over $17.6 billion in renewable energy and clean technology, and reduced its absolute greenhouse gas emissions by 36% since 2008. Additionally, Wells Fargo donated $281.3 million to community nonprofits and spent over 11% of its procurement budget with diverse suppliers.
Company: Wells Fargo & Co
Sector: Financials
Country: United States
Year: 2016
Type: AR2
Pages: 278
Wells Fargo & Co
Annual Report
The report outlines Wells Fargo's financial and corporate social responsibility performance for the fiscal year 2016. A key focus of the year was rebuilding trust following retail banking sales practices issues, which led to significant leadership and governance changes. Despite these challenges, the company achieved $21.9 billion in net income and grew its loan and deposit portfolios. In terms of sustainability, the company financed over $17.6 billion in renewable energy and clean technology, and reduced its absolute greenhouse gas emissions by 36% since 2008. Additionally, Wells Fargo donated $281.3 million to community nonprofits and spent over 11% of its procurement budget with diverse suppliers.
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Document Details
Report Year
2016
Reporting Period
Jan 1, 2016 - Dec 31, 2016
Fiscal Year
2016
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees