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

Company is committed to transparency and measurement across its
businesses

SAN FRANCISCO–(BUSINESS WIRE)–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.

“Our stakeholders — including investors, customers and team members —
are increasingly interested in our performance and management of
environmental, social, and governance factors,” said Wenzel. “In
addition to robust ESG disclosures, we are committed to transparent
financial disclosures, and we appreciate the independent analysis that
benchmarks our efforts against other industries.”

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.

For more information on ESG issues at Wells Fargo, visit the company’s Environmental,
Social, and Governance Guide.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Wells Fargo’s
vision is to satisfy our customers’ financial needs and help them
succeed financially. Founded in 1852 and headquartered in San Francisco,
Wells Fargo provides banking, investment and mortgage products and
services, as well as consumer and commercial finance, through 7,700
locations, more than 13,000 ATMs, the internet (wellsfargo.com) and
mobile banking, and has offices in 33 countries and territories to
support customers who conduct business in the global economy. With
approximately 262,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was ranked No. 26
on Fortune’s 2018 rankings of America’s largest corporations. News,
insights and perspectives from Wells Fargo are also available at Wells
Fargo Stories.

Contacts

Media
E.J. Bernacki
415-840-4469
ejbernacki@wellsfargo.com

or

Investor Relations
John M. Campbell
415-396-0523
john.m.campbell@wellsfargo.com