December 26, 2008

Well Fargo Passes $3 Billion Mark in Environmental Financing

Bookmark and Share Email this story Print this post Add your comments

Wells Fargo has provided more than $3 billion in environmental financing, two-thirds of which has gone toward projects for LEED-certified buildings, the company said.

Other projects supported by Well Fargo investments are in renewable energy ($700 million) which combined are expected to generate enough clean energy to power nearly a half million households.

About $500 million went to green businesses – that is, those that have made environmental sustainability a key part of their missions, focusing on renewable energy, energy efficiency, sustainable agriculture and forestry, and resource management.

Wells Fargo also committed $50 million to nonprofit organizations that improve the environment in low- to moderate-income communities. See Wells Fargo’s progress report for details on how the $622-billion company supports environmental markets.

The original goal was to provide $1 billion in environmental financing – a mark that the company has now passed, two years ahead of schedule. The lending target was part of a larger, 10-point environmental commitment.

Bookmark and Share Email this story Print this post Add your comments

Advertisers

Join the Discussion

Get EL Daily in your inbox, subscribe to free newsletter

Recent Daily News [ see all ]

  • 11/06/2009
  • 11/05/2009
  • 11/04/2009

Industry Voices [ see all ]

Greening the Automotive Supply Chain

Greening the Automotive Supply Chain

A Roadmap for a Renewable Energy Partnership

A Roadmap for a Renewable Energy Partnership

Forest Carbon Core to Climate Change Deal

Forest Carbon Core to Climate Change Deal

ARPA-E Deserves Support

ARPA-E Deserves Support

VCS and CarbonFix Tops in Review of Forestry Carbon Standards

VCS and CarbonFix Tops in Review of Forestry Carbon Standards