Direct Lobbying Transparency
| Overall Assessment | Comment | Score |
|---|---|---|
| Strong | Wells Fargo gives a largely transparent picture of its climate-related lobbying. It identifies the main public-policy files it works on, including the implementation of the Inflation Reduction Act, the SEC’s proposed climate-disclosure rule, and impending rules that would raise capital requirements for renewable-energy investments, allowing readers to see exactly which pieces of legislation or regulation it seeks to influence. The company also explains how it lobbies and whom it targets, citing direct roundtable discussions with the EPA Administrator, meetings with the Department of Energy Loan Programs Office, a formal comment letter to the SEC, and collaborative work through industry associations such as ACORE and SEIA—each paired with the relevant federal agency or policymaker. Wells Fargo is similarly explicit about several outcomes it pursues, such as securing lower capital requirements for renewable projects and ensuring that nonprofit organisations and municipalities can use the IRA’s direct-pay tax-credit provisions, although it does not spell out the position it took on the SEC disclosure rule. Taken together, these disclosures demonstrate a strong level of transparency on its climate-policy lobbying activities. | 3 |