Financial services giant Wells Fargo has hired Nomura veteran Andrew Bowley as international head of sustainability.
Here are three things to know about Bowley and Wells Fargo's sustainability strategy.
1. Business Scope and Scale: Wells Fargo & Company, founded in 1852, is based in San Francisco, California. The financial services company has roughly 232,000 employees. The company's Asset Management Division (WFAM) has approximately $603 billion in assets under management.
2. Sustainability and Net-Zero Goals: Wells Fargo is striving to achieve net zero by 2050. The company also has set various 2030 sector targets.
3. Andrew Bowley's Role and Experience: In his new role, Bowley is responsible for "leading the development of strategic initiatives and corporate commitments on sustainability, covering Wells Fargo’s activities outside the U.S. with a particular focus on APAC and EMEA," according to his LinkedIn bio.
Bowley previously was sustainability governance officer at Nomura (2023), wholesale governance officer (2019-2023) and head of global markets regulatory response (2014-2019), LinkedIn indicates.
Wells Fargo and Sustainability: Why Technology Partners Should Care
By 2027, 25% of Global 2000 companies will have assigned a chief sustainability officer (CSO) responsible for meeting their organization’s ESG goals and making ESG-related IT purchasing decisions, according to IDC.
The bottom line: Technology partners need to extend their sales, marketing, engagement and support strategies to successfully fulfill those CSO customer needs, Sustainable Tech Partner believes.
