WELLS FARGO & COMPANY | Report on climate transition planning at WELLS FARGO & COMPANY
How other organisations have declared their voting intentions
Organisation name | Declared voting intentions | Rationale |
---|---|---|
Rothschild & co Asset Management | For | |
Anima Sgr | For | The company has committed to the goals of the Paris Agreement and to reach net zero greenhouse gas emissions in its financing activities, operations, and supply chain by 2050. Throughout its CO2eMission methodology, response to the CDP questionnaire, TCFD report, sustainable finance disclosures, and website the company touches on some of the elements of a bank climate transition plan, as conceptualized by organizations such as the NZBA and the GFANZ. However, the company does not disclose transparent metrics and timelines around aspects of its decarbonization strategy, such as its absolute financed emissions after its 2019 baseline and processes to assess and ensure clients' strategies are in alignment with its targets. Given the importance of fossil fuel lending and decarbonization to the company's business strategy, shareholders would likely benefit from clear and transparent information on its decarbonization strategy. This proposal would also allow interested shareholders to engage with the company on its ongoing effort to develop a climate transition plan. |
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