In 2023, Wells Fargo & Co conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Waste Generated | 46,602.1a | 47,490.2a | 45,485.3a | |
Total Waste Recovered | 25,684.2a | 27,170.2a | 27,455.9a | |
Total Hazardous Waste Generated | N/A | N/A | N/A | |
Non-Hazardous Waste Disposed | N/A | N/A | N/A |
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In 2023, Wells Fargo & Co generated a total of 46,602metric tonnes of waste.a
Of this amount, 55.11% of Wells Fargo & Co's total waste generated was recovered through methods such as recycling, reuse, or composting, while 44.89% was disposed of through landfilling, incineration, or combustion.a
In 2023, Wells Fargo & Co reported a total waste generation of 46,602 metric tonnes, of which 55.11% was recovered through recycling, reuse, or composting.This moderate level of recovery indicates that Wells Fargo & Co is taking steps toward improving its waste diversion practices, though there is still room to enhance recycling and recovery efforts.a
Since 2019, Wells Fargo & Co's total waste generation decreased by 36.73%, including a further 1.87% drop in 2023, highlighting a consistent and deliberate reduction in waste production over time.a
Over the same period, Wells Fargo & Co's waste recovery rate declined by 14.94%, with a further 3.67% drop in 2023, underscoring a weakening in waste diversion performance and a potential drift away from circular waste strategies.a
Overall, while Wells Fargo & Co has successfully reduced its total waste generation, its waste recovery efforts have also declined. This pattern could suggest a shift in strategy away from circular treatment methods or a lag in recovery infrastructure development.