The US Environmental Protection Agency (EPA) has recognised Wells Fargo for using renewable sources of energy to supply 100% of its global power needs.
The bank ranked fourth in the EPA’s ‘Green Power Partnership National Top 100′.
The list is based on the amount of renewable energy purchased and produced by each organisation.
Wells Fargo was the highest ranking financial services company in the list.
The bank began meeting 100% of its global electricity demand in 2017, primarily through the purchase of unbundled renewable energy certificates (RECs).
By the end of 2020 Wells Fargo says it intends to switch to long-term contracts that fund net-new sources of renewable energy, bundled with RECs and supplemented by maximising on-site solar production within its real estate.
Wells Fargo sustainability and corporate responsibility head Mary Wenzel said: “Setting and meeting aggressive operational sustainability goals – like our 100% renewable energy goal – is one way we put our commitment into action.
“It also is a great point of pride for so many of our committed team members.”