In 2012, we announced a new environmental commitment for Wells Fargo, which includes a set of comprehensive goals we intend to achieve by 2020. Part of this plan includes an environmental philanthropy goal to provide $100 million in grants to environmentally beneficial causes by 2020. To support this initiative, we launched two environmental programs – the Environmental Solutions for Communities grant program and the Clean Technology and Innovation grant program.
On Earth day, earlier this year, we announced the recipients of the 2013 Environmental Solutions for Communities grant program, providing $3 million in grants to more than 64 nonprofits focused on local community based environmental projects through our collaboration with the National Fish and Wildlife Foundation. For more information on the grantee’s awarded please visit our blog post.
Today, I am pleased to announce an additional $2 million in grants to nearly 25 organizations through our 2013 Clean Technology and Innovation (CTI) grant program. This initiative funds and fosters programs focused on research and the development of new clean technologies which may unlock the key to some of our biggest environmental challenges. It has become an increasingly competitive process; among our two programs we have received thousands of applicants.
For this year’s CTI grants, we spent a tremendous amount of time evaluating and ranking the proposals and considering the viability of the proposed research or technologies with experts at our company. To be considered, we ask grantees to calculate and forecast the economic, social and environmental impacts their projects could yield. We also ask about the long term benefits such as calculating the CO2 reduction potential, amount of water conserved, acres of land protected, number of jobs created, energy and cost savings measured, number of community members impacted, and much more. The sectors we look to support include renewable energy, “green” buildings and energy efficiency, sustainable agriculture and water, alternative transportation and more (grant guidelines). These areas are significant to our business and will impact our communities and customers for many generations to come.
We want to thank all applicants for your time and interest in our program. We value the important work you are leading. Innovation is truly the key that will unlock opportunities for the future, creating new markets and helping us to build a more sustainable future.
And now, it’s my privilege to share with you the grantees selected for funding through our 2013 Clean Technology and Innovation grant program:
Colorado State University – Center for New Energy Economy – Renewable Energy Financing White Paper Development
Georgia State University/Southface.org -Public Solar Energy Data Collection Portal
Southern California Corporate Growth Partners (SCCGP) – Green Technologies Commercialization Program
Green Buildings/Energy Efficiency
Boston University – Community Energy Efficiency Training for Urban Housing
Purdue University – Net Zero Data Center Design Student Competition
Environmental Defense Fund- Climate Corps Student Energy Efficiency Internship Program
Earthday Network – Green Ribbon Schools Adoption Program
Prospect Silicon Valley – Net Zero Facility for Clean Technology Incubation
Photo credit: UC Davis, Honey Bee Haven
Clemson University – Intelligent Farms Technology Development
Virginia Tech University – Water Quality Research related to surface coal mining
Harvard School of Public Health – Colony Collapse Disorder Honey Bee Research
Forest Stewardship Council – Customer Engagement and Marketing Assessment
21st Century Parks – Sustainable Development for The Parklands
American Farmland Trust – Innovative Financing Tools for small organic farmers
University of California – Merced – Water, Energy Food Challenge
Accelerator/Incubator/Business Plan Competition/All Clean technology
Los Angeles Cleantech Incubator – Clean Technology Commercialization Hub
Coachella Valley Economic Development Corporation – Clean Technology Incubator
Energy Foundation – Clean Edge State/Cities Energy Indices Reports
Rice University – Rice Alliance for Technology and Entrepreneurship Commercialization program
University of California Berkeley Haas School of Business – Cleantech to Market (C2M) Commercialization Program
Ten Strands – Environmental Education Curriculum Adoption Program
Natural Capitalism Solutions – The Value of Sustainability Education Website Development
Go Electric Drive – National Customer Awareness/Electric Vehicle Education Platform
Santa Clara University -Smart EV Charging Digital Technology Advancement Project
Please join us in congratulating these recipients and continue to follow us on this journey as we track and measure the impacts of these grants as well as continue to support new opportunities in the future. By the end of this year, we will have provided more than $15 million in environmental grants since 2012, well on our path to meeting the $100 million goal by 2020.
Look for us to also continue to feature these and other sustainability projects on our blog, in our Corporate Social Responsibility Report, and the Environmental Finance Report.