Wells Fargo

Red Line	Text of policies	Comments	Score
Regulatory requirements
Ensure Legality	Environmental and Social Risk Management Framework Prohibited: Illegal activities. These include any activities that are Illegal under local laws and regulations or under the conventions and agreements to which Wells Fargo is a legal party. And for customers who import lumber, we screen for compliance with the Lacey Act, legislation that bans trade in illegally sourced wood products. Human Rights Statement Wells Fargo strives to engage with business customers that respect human rights.	The policy requires compliance with national law, but does not mention international conventions such as ILO.	partly
No Corruption and Tax Evasion		No publicly available policies or documentation were found that cover this criteria.	not
Ensure ESIA for mills and plantations		No publicly available policies or documentation were found that cover this criteria.	not
Social requirements
Ensure FPIC	Environmental and Social Risk Management Framework For projects where we can identify that the use of proceeds may potentially impact Indigenous Peoples, specifically for project financing, project bridge loans, and corporate project financing transactions, we expect our customers to demonstrate alignment with the objectives and requirements of International Finance Corporation (IFC) Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. Indigenous Peoples Statement For projects where we can identify that the use of proceeds may potentially impact Indigenous Peoples, we expect our customers to demonstrate alignment with the objectives and requirements of International Finance Corporation (IFC) Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent.	FPIC is required for indigenous people, but nor for other impacted communities	partly
Respect Human Rights	Environmental and Social Risk Management Framework Prohibited: Modern slavery and harmful child labor. These include any clients or activities in which we become aware of evidence indicating forced labor, child labor, human trafficking, or any other type of modern slavery. Human Rights Statement Wells Fargo strives to engage with business customers that respect human rights.	The bank does not finance child or slave labour, but does not require clients to have a Human Rights Policy	partly
Respect Indigenous rights and customary land use rights	Environmental and Social Risk Management Framework For projects where we can identify that the use of proceeds may potentially impact Indigenous Peoples, specifically for project financing, project bridge loans, and corporate project financing transactions, we expect our customers to demonstrate alignment with the objectives and requirements of International Finance Corporation (IFC) Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent.	FPIC is required for indigenous people, but nor for other impacted communities	partly
No forced resettlement	Environmental and Social Risk Management Framework For projects where we can identify that the use of proceeds may potentially impact Indigenous Peoples, specifically for project financing, project bridge loans, and corporate project financing transactions, we expect our customers to demonstrate alignment with the objectives and requirements of International Finance Corporation (IFC) Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent. Indigenous Peoples Statement For projects where we can identify that the use of proceeds may potentially impact Indigenous Peoples, we expect our customers to demonstrate alignment with the objectives and requirements of International Finance Corporation (IFC) Performance Standard 7 on Indigenous Peoples, including with respect to circumstances requiring Free, Prior and Informed Consent.	FPIC is required for indigenous people, but nor for other impacted communities	partly
Environmental Requirements
No forest degradation and deforestation		No publicly available policies or documentation were found that cover this criteria.	not
Protect endangered species		No publicly available policies or documentation were found that cover this criteria.	not
No high-risk species		No publicly available policies or documentation were found that cover this criteria.	not
No fire		No publicly available policies or documentation were found that cover this criteria.	not
Protect peat		No publicly available policies or documentation were found that cover this criteria.	not
No persistent pollution		No publicly available policies or documentation were found that cover this criteria.	not
Corporate association / scope of the policy
Corporate association / scope of the policy	Environmental and Social Risk Management Framework In addition to environmental and social risks associated with their operations, understanding our customers’ unique supply chain issues are critical to risk assessment. We stay abreast of industry trends and engage with our clients to understand how they will meet evolving customer and stakeholder expectations.	The policy indicates that it is also applied to the customer's chain of custody, but does not mention parent, sister or daughter companies	partly

Latest News

Get Involved