Here at Wells Fargo, we’ve always had a strong commitment to our customers and to the communities we serve. We know that if we take steps to protect the environment today, all of us – our customers, our communities, and our company – will enjoy a better tomorrow.
We also know that one of the most important ways we can be good stewards of the environment is by cutting our energy use wherever we can. In fact, as a corporation, Wells Fargo has set a goal of reducing energy use by 40 percent by the year 2020, and we’ve already reduced our use by 21% during the last five years. For an organization the size of Wells Fargo, with more than 9,000 locations and more than 264,000 team members, that adds up to an incredible amount of energy savings.
I’m proud to say that our efforts were recently recognized in an area of the country where we’ve made significant investments in energy conservation. Each summer, rising temperatures bring rising demand for electricity, so the Connecticut Department of Energy and Environmental Protection Connecticut (DEEP) recognizes a handful of consumers who cut their summer use of electricity from previous seasons.
At the April 22 award ceremony at the Connecticut State Capitol, Connecticut DEEP presented Wells Fargo with its Gold Summer Savers Award for cutting energy use by 24% at its Woodbury, Connecticut, location in the summer of 2013. We achieved these savings by upgrading our store with more efficient lighting fixtures and by installing sensors that minimize lights left on in empty rooms.
We’re incredibly proud of this honor, and we remain committed to finding ways to further reduce our use of electricity in Connecticut and everywhere else we do business.