Wells Fargo abandons net-zero commitments

( February 28, 2025, 20:33 GMT | Official Statement) -- MLex Summary: Wells Fargo announced it is abandoning its net zero commitments and withdrawing from environmental, social and governance goals. "We are adjusting our approach to focus on doing what banks do best – providing financing and expertise to help clients pursue their own objectives. As of today, we are discontinuing our sector-specific 2030 interim financed emissions targets and our goal to achieve net zero by 2050 for financed emissions," the bank said in a statement.Statement follows...

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Prepare for tomorrow’s regulatory change, today

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