Wells Fargo

Red LineText of policiesCommentsScore
Regulatory requirements
Ensure LegalityEnvironmental 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 EvasionNo publicly available policies or documentation were found that cover this criteria.not
Ensure ESIA for mills and plantationsNo publicly available policies or documentation were found that cover this criteria.not
Social requirements
Ensure FPICEnvironmental 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 communitiespartly
Respect Human RightsEnvironmental 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 Policypartly
Respect Indigenous rights and customary land use rightsEnvironmental 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 communitiespartly
No forced resettlementEnvironmental 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 communitiespartly
Environmental Requirements
No forest degradation and deforestationNo publicly available policies or documentation were found that cover this criteria.not
Protect endangered speciesNo publicly available policies or documentation were found that cover this criteria.not
No high-risk speciesNo publicly available policies or documentation were found that cover this criteria.not
No fireNo publicly available policies or documentation were found that cover this criteria.not
Protect peatNo publicly available policies or documentation were found that cover this criteria.not
No persistent pollutionNo publicly available policies or documentation were found that cover this criteria.not
Corporate association / scope of the policy
Corporate association / scope of the policyEnvironmental 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 companiespartly