Wells Fargo & Co. is a Humankind 100 company whose ranking is based on its Humankind Value, a proprietary metric that provides an estimate of the overall dollar amount a company creates for investors, consumers, employees, and society at large.
Wells Fargo & Co. is an American multinational financial services provider. The firm provides banking, investment, and mortgage products and services, as well as consumer and commercial finance.
(All values are in US Dollars, where M=Million, B=Billion, T=Trillion.)
In our analysis, the combined Humankind Value of the entire economy is positive. Well-capitalized financial institutions, by funding a net-positive economy, can facilitate positive outcomes. Wells Fargo & Co. is a net-positive Humankind Value company, primarily due to Economic Value ($28.3 B) and Medical Services ($3.2 B). Economic value comes from offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders. The Humankind Value of this company can improve with reductions in Food Waste (-$1.4 B) and Greenhouse Gases (-$1.2 B). Economic Value is attached to this company as a result of its direct business activities. Medical Services, Food Waste, and Greenhouse Gases are mostly or entirely a result of supply-chain relationships.