Wells Fargo banks on green building
The financial giant has boosted its financing for LEED-certified buildings over the past several months.
San Francisco-based Wells Fargo & Co. has substantially increased its findings for buildings certified in the U.S. Green Building Council’s LEED program.
Since May 2007, the bank has doubled its lending for LEED-certified structures, from $1 billion to $2 billion. During that period, the number of LEED buildings Wells Fargo finance grew by 125%, expanded the number of states with buildings receiving loans from 11 to 19, and broadened the type of LEED buildings it qualified for loans; new structures include a cold-storage facility, a data center, and a community center.
Overall, of all the buildings financed by Wells Fargo, 28% are LEED-rated. Of that number, 37% are LEED Silver, 21% are LEED Gold, and 9% are LEED Platinum.
Wells Fargo is one of the first businesses to receive pre-construction LEED certification for new buildings. All future Wells Fargo banks will use about 20% less energy and 40% less water.