Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 259

Wells Fargo Among ‘Most Transparent’ on Environmental, Social, and Governance Metrics

Posted by fidest press agency su mercoledì, 15 maggio 2019

In a study commissioned by Financial Times’ Agenda, stock-ratings firm HIP Investor rated Wells Fargo among the most transparent companies on environmental, social, and governance (ESG) metrics. A summary of the study appeared in the publication’s April 8 edition.“Being transparent about our approach to environmental and social governance issues and the risks associated with them helps Wells Fargo proactively address concerns, assures team members that we are considering important aspects of these decisions and — importantly — creates shareholder value,” said Mary Wenzel, head of Sustainability and Corporate Responsibility at Wells Fargo. “Setting sustainability goals and reporting on our progress helps Wells Fargo maintain a focus on issues that are critical to managing risk, running our business in a more sustainable fashion and delivering on our commitment to leadership in corporate citizenship.” Financial Times Agenda writes that the study was commissioned “to identify the S&P 500 companies that most fully — and least fully — report these important metrics that connect with financial value creation and risk reduction.” It used publicly available information including CDP (formerly the Carbon Disclosure Project) disclosures, annual reports, corporate responsibility and sustainability reports and the Thomson Reuters/Refinitiv database to arrive at its conclusions.Wells Fargo ranked No. 9 on the study’s list of most transparent S&P 500 companies, and Wells Fargo was first among financial services firms.Wells Fargo seeks to employ best practices in corporate transparency and disclosure, and reports on ESG-related issues through annual financial reporting and proxy statements, annual Corporate Social Responsibility reporting, company policy statements, a Business Standards Report, and other public disclosures including CDP reporting.

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