Helping colleges and universities

By Stephanie Rico
August 17th, 2012

Wells Fargo Environmental Forum — readers, we’re proud to report that we’ve teamed up with Environmental Defense Fund (EDF) and the United Negro College Fund (UNCF) to help colleges and universities operate in a more sustainable and energy-efficient way—and realize the benefits associated with doing so!

Wells Fargo's teamed up with the Environmental Defense Fund and the United Negro College Fund to help colleges and universities operate in a more sustainable and energy-efficient way.Specifically, we underwrote the cost of four specially trained fellows from EDF Climate Corps. The fellows will help places like UNCF Building Green Grantees, College of Menominee Nation, Los Angeles Community College District, Lane College, and Southern University and A&M College identify and assess cost-effective opportunities to save energy and reduce emissions.

Institutions were selected by representatives from EDF, UNCF and Wells Fargo based on capacity to support fellows, need and location.

Our positive experience with EDF Climate Corps, along with our desire to support a transition to a “greener” economy per our renewed environmental commitment, have led to our support of this program. In 2010, EDF Climate Corps fellow Shinu Thomas helped identify savings of $2.8 million and more than 17,000 metric tons of carbon!

Moreover, EDF Climate Corps has a strong track record of delivering results. Since 2008, EDF Climate Corps fellows have identified energy-saving opportunities that could cut enough energy usage to power nearly 100,000 homes a year, avoid the annual carbon emissions of 200,000 cars, and save more than $1 billion in net operating costs over the project lifetimes. As more fellows are supported and deployed into the field, these numbers are sure to increase.

The effort’s currently underway, and details will be made available via this blog later this summer and fall. So please be sure to check back for more information. In the meantime, please let us know what you think by providing your feedback in comments!


1 Source: Based on forecasted energy savings and factors from the EPA Emissions & Generation Resource Integrated Database (eGRID)
2 Source: Environmental Defense Fund

Stephanie Rico

Stephanie Rico

Stephanie focuses on helping Wells Fargo achieve its goal of accelerating a transition to a “greener” economy via finance and support of our customers who are looking to take advantage of the benefits of renewable energy and clean technology. Stephanie has a BA in Social Science, Interdisciplinary Studies from San Francisco State University and an MBA from DePaul University’s Kellstadt Graduate School of Business.

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Felicia Davison August 17, 2012 at 4:30 pm:

We are so excited about this partnership! As a result of the excellent work of the EDF Climate Corp and shared vision for maximizing energy efficiency we are making real progress. Plans are underway to support projects that will save money, energy and ultimately the environment by reducing carbon emissions. An example of perfect synergy!

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