Reported about 22 hours ago
Wells Fargo announced it will no longer pursue its goal of achieving net-zero emissions in its financed portfolio by 2050, citing reliance on external factors like public policy and technological advancements that have not materialized. This decision reflects a broader reassessment of ESG commitments within the financial sector amid changing political sentiments. The bank will still aim for its operational sustainability goals by 2030 and maintain its target for its own emissions by 2050, despite criticism from environmental advocates.
Source: YAHOO