WELLS FARGO & COMPANY | Director votes - climate oversight at WELLS FARGO & COMPANY

Status
Voted
AGM date
Previous AGM date
Proposal number
1
Resolution details
Company ticker
WFC
Submitted by
-
Resolution ask
Strengthen board oversight of issue
ESG theme
  • Environment
ESG sub-theme
  • Fossil fuel financing
Type of vote
Director vote
Filer type
Management
Company sector
Financials
Company HQ country
United States
Whereas clause
For failure to provide adequate oversight and transparency, votes are warranted against the following
members of Wells’ Risk and Corporate Responsibility Committees:
Celeste Clark,
Maria Morris
Wayne Hweett,
Cecelia Morken,
Suzanne Vautrinot,
Richard Davis,
Felicia Norwood,
Richard Payne Jr, and
Juan Pujadas.
Supporting statement
Climate votes initiative by the Sunrise Project investor brief on director votes (see page 9): In cases where directors fail to transform business practices in line with 1.5°C pathways, votes against board directors are warranted. Banks that have failed to adopt policies
necessary to align lending and underwriting with 1.5°C scenarios have directors who are ill-equipped to lead companies along necessary decarbonization pathways. At such companies, investors are encouraged to vote against directors responsible for climate oversight. https://climate-votes.org/wp-content/uploads/2023/03/CV_Investor_Brief23-V3.pdf

DISCLAIMER: By including a shareholder resolution or management proposal in this database, neither the PRI nor the sponsor of the resolution or proposal is seeking authority to act as proxy for any shareholder; shareholders should vote their proxies in accordance with their own policies and requirements.

Any voting recommendations set forth in the descriptions of the resolutions and management proposals included in this database are made by the sponsors of those resolutions and proposals, and do not represent the views of the PRI.

Information on the shareholder resolutions, management proposals and votes in this database have been obtained from sources that are believed to be reliable, but the PRI does not represent that it is accurate, complete, or up-to-date, including information relating to resolutions and management proposals, other signatories’ vote pre-declarations (including voting rationales), or the current status of a resolution or proposal. You should consult companies’ proxy statements for complete information on all matters to be voted on at a meeting.