Finance
Wells Fargo Targets Net-Zero Emissions After Rivals Set Goals
- Bank will also deploy $500 billion in sustainable financing
- Follows similar efforts by Goldman Sachs, Morgan Stanley
Photographer: Christopher Dilts/Bloomberg
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Wells Fargo & Co. joined rivals in pledging to achieve net-zero greenhouse gas emissions in the coming decades.
The fourth-largest U.S. lender said Monday it aims to reach that goal, which includes its financed emissions, by 2050. It will also deploy $500 billion in financing to sustainable businesses and projects by 2030.