Wells Fargo 2005 Annual Report Download - page 27

Download and view the complete annual report

Please find page 27 of the 2005 Wells Fargo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 120

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120

25
Eleven years ago, the Phalen Corridor was an environmental mess—
11 contaminated industrial sites covering 200 acres in a distressed
community on the east side of St. Paul, Minnesota.Wells Fargo and
60 other public and private organizations came together to restore
Phalen Corridor.The result: today it’s a thriving neighborhood with
parks,wetlands, new homes, retailers and jobs.
Wells Fargo team members Duane Ostlund (opposite page) and
Judy Chapman serve on the Phalen Corridor Steering Committee.
Thanks to their leadership, hundreds of hours volunteered by more
than 30 other team members,and thousands of dollars in corporate
contributions,the Phalen Corridor is now a revitalized community
with 19 new businesses,2,100 new jobs and 1,100 new homes.
“This is a great example of tremendous results that can be achieved
through a public,private and community partnership,”said Ostlund.
As part of the extensive environmental cleanup,Wells Fargo
helped restore Ames Lake wetlands, once filled-in with asphalt and
used as a parking lot.Today Ames Lake is a habitat for hundreds of
indigenous plants and animals.
Other examples of Wells Fargo’s commitment to the environ-
ment include:
•A 10-point commitment to more effectively integrate
environmental responsibility into our business practices.
•A $1 billion lending,investment and other financial commitment
target for environmentally-beneficial businesses.
•Reducing in paper, energy and water consumption through
services such as online statements and e-bills.
•Promoting environmental responsibility for team members
through an awareness campaign called “everyday actions.”
Cleaning Up Polluted Land