Wells Fargo said Tuesday that it established a $100 million environmental grant program that will kick off with a $15 million, five-year commitment to the National Fish and Wildlife Foundation.
The San Francisco bank will award the $100 million to nonprofits and universities by 2020 under the program that falls under its corporate social responsibility efforts.
Wells Fargo's (NYSE: WFC) NFWF grants will support initiatives to encourage sustainable agriculture and forestry, land and water conservation, restoration of urban ecosystems and clean energy infrastructure.
"The environmental grant program we are announcing today is in addition to Wells Fargo's enhanced $30 billion environmental finance commitment aimed at building stronger communities and accelerating a transition to a 'greener' economy," said Mary Wenzel, director of environmental affairs for the bank.
Pictured: Wells Fargo CEO, John Strumpf
Picture courtesy of Nancy Pierce