Wells Fargo has published its2020 Social Impact and Sustainability Highlights \report, providing an update on the company’s social and environmental activities and progress during 2020 to support an inclusive, sustainable economic recovery, including contributions to COVID-19 relief, racial equity and inclusion, and climate change.
A recently announced collaboration with Duke Energy and NextEra Energy Resources represents another step in Wells Fargo’s goal to achieve net zero greenhouse gas emissions by 2050.
As Wells Fargo continues to ramp up efforts to respond to our planet’s climate crisis, the company has announced another major solar expansion, this time with our North Carolina neighbor Duke Energy. Under a 20-year renewable energy purchase agreement, Wells Fargo will receive 100% of the output from a planned 600-acre solar farm in Catawba County. The project will supply more than 50% of Wells Fargo’s electricity needs in North Carolina and approximately 8% of the company’s annual global electricity requirements when it comes online in 2022.
From job searches to help with the rent, nonprofit programs support individuals in crisis to help communities emerge stronger from the pandemic, with help from Wells Fargo.
After Markaela Lee lost her financial services job last year amid the pandemic, the toughest job of all began: finding a new one. As weeks of unemployment became months, she turned to a nonprofit housing organization that helped her with rent and job search support.
Community Kitchens in Oakland, California, buys meals from neighborhood restaurants to donate to local nonprofits.
Mayra Velazquez had just opened a second branch of her Mexican street food-inspired restaurant Xingones in Oakland, California, when the COVID-19 pandemic hit last March. Within weeks, the business she had spent the last four years growing from a farmer’s market pop-up into multiple eateries had vanished — along with 80% of her revenue.
Viewpoints: For people experiencing poverty and facing challenges like eviction, paying for legal services is often difficult without the necessary resources and support, writes Steve Gottlieb, executive director of Atlanta Legal Aid Society.
Atlanta Legal Aid Society has a long history of facing adversity with resilience and flexibility. Our organization has weathered nearly a century of change, conflict, and growth. But one thing is as true today as it was 96 years ago at our founding: To fight poverty, we must have civil legal aid.
Financial Empowerment Centers Across the Nation Already Have Served 116,000 Clients, Helping Them to Reduce $160 Million in Debt and Build $26 Million in Savings
NEW YORK, March 25, 2021 /3BL Media/ -- The Cities for Financial Empowerment Fund (CFE Fund) announced the selection of five additional local governments to replicate the proven Financial Empowerment Center (FEC) model under its nationwide
Small business owners like Roxanne Best have been able to stay afloat during the COVID-19 pandemic, thanks to low-interest loans from Northwest Native Development Fund and a grant from Wells Fargo’s Open for Business Fund.
It's not until she says it out loud that Roxanne Best truly realizes all of the different jobs she does. “I always think, ‘Wow, how do I do all of that?” Best said. Years ago, she was a scuba diving instructor and filmed students’ underwater trips, developing a knack for photography and videography. She then worked for the Confederated Tribes of the Colville Reservation’s casino and started her photography business on the side. Eventually, it grew into her full-time job.
Projects in CA, MN, NJ, and MD are working to create resilient communities
NEW YORK, NY, March 17, 2021 /3BL Media/– CSH (Corporation for Supportive Housing) today announced an innovative effort to develop and implement systemic solutions to address the long-term impacts of COVID-19 and racial inequities in five communities across the US where vulnerable individuals and families have been marginalized. CSH’s initiative has received support with a grant from the Wells Fargo Foundation.
SAGECents, available through the advocacy group SAGE and funded by Wells Fargo, addresses economic stability and stress in the aging LGBTQ population.
Like many people, Frank Liu and Donna Sue Johnson worry about being able to take care of themselves and their partners as they age. But as members of the LGBTQ community, they’ve sought financial guidance that takes into account unique concerns faced by LGBTQ elders. Johnson, for instance, experienced many years of economic inequities. This is common among women who, like Johnson, are in their 60s or older and in same-sex relationships.