Working with nonprofit organizations and universities, the initiative will find, foster, and fund innovative projects and entrepreneurial programs that support the commercialization of new and emerging clean technologies, including advances in renewable energy, "greener" buildings, alternative transportation, WASH technologies, and sustainable agriculture practices. The effort augments a previous $30 billion environmental finance commitment by the company that is aimed at building stronger communities and accelerating a transition to a greener economy.
As part of the new initiative, the company announced a five-year, $15 million partnership with the National Fish and Wildlife Foundation that aims to combine NFWF's scientific expertise with Wells Fargo's own philanthropic and volunteer resources to protect and preserve a sustainable environment in communities across the United States.
"Wells Fargo's impressive commitment to conserving our nation's lands, waters, and precious natural heritage will have a dynamic effect on communities across the country," said Jeff Trandahl, executive director and CEO of NFWF. "Through this initiative, we will expand the resources available for innovative projects that benefit our environment and the well-being of our citizens."