The company has a goal of enhancing its environmental management system and strategy to comprehensively track, measure and reduce its environmental footprint, although it has not set a target date for completion of this project. In FY2012, the company implemented an automated greenhouse gas tracking and measurement tool and expanded the scope to include all its leased and owned facilities worldwide. It has also aligned its EMS with the core elements of the ISO 14001 standard.

Currently, 12 percent of Wells Fargo’s receipt-eligible ATM transactions result in an e-receipt, with more than 100 million e-receipts sent to date. Another 32 percent of ATM transactions result in the selection of the “no print” option. All retail banking stores accept paperless withdrawals, and 88 percent of withdrawals now use this electronic option.

The company says it is on track to meet a goal of investing $30 billion in environmentally sustainable businesses. In FY2012 it made $6 billion in environmental loans and investments, including to green buildings and renewable energy projects, and since 2005, has provided more than $20 billion in capital to “greener” buildings and businesses and to renewable energy projects.

The company has set new goals of providing environmentally focused nonprofits with $100 million in grants and increased volunteerism, and providing $1 billion in financing to environmental initiatives in low- to moderate-income communities, both by 2020. In 2012, Wells Fargo increased donations to environmental nonprofits by 80 percent over 2011, with nearly $8 million in grants.

It has also set a goal of fostering a culture of sustainability by increasing team member environmental stewardship in the office and in communities. Currently 7,000 team members participate in 70 Wells Fargo Green Teams, up 30 percent over 2011.