Jim HenscheidEnvironmental Forum readers, today I'm pleased to introduce you to Jim Henscheid from Wells Fargo. Jim reviews and approves our environmental marketing materials.

While reading the blog, you may have noticed that we've been using quotation marks around the words "green" and "greener." Since this isn't a common practice with other companies, we asked Jim if using the quotation marks were necessary. For his response to our question, I turn the blog over to him! (—SR)


Hello everybody! First off, let me say that I understand how cumbersome it can be to use quotes around "green" and "greener" in our communications (like here on the blog) and marketing documents. But after a thorough discussion—that leaned in both directions at times—with other people in our Legal department, we believe it's best to continue using quotes to point out to our readers that Wells Fargo understands the terms can still have a vague meaning and that there is no clear understanding of their definition.

A good argument against the use of quotes is that "green" and "greener" have come into general, public use as they relate to descriptions of matters beneficial to the environment.

Even so, there's been a push from those in the heart of environmental issues that green and greener (without quotes) are being over-used and have actually begun to be meaningless. In fact, there even appears to be somewhat of a backlash from environmental groups against people who over-use those terms without any clear consensus on the meaning.

For example, if a company enacts a program that reduces its water consumption by 5%, is it a "green" company? Can two companies be labeled as "green" when one reduces paper consumption by 3% and the other reduces paper consumption by 25%? Wells Fargo clearly supports environmental issues, so it would be a shame to use the terms without quotes and have people be critical of us for not understanding the controversy around there being no clear definition of "green" and "greener."

Does "green" still have meaning?One suggestion going forward is for us to be clearer about WHY we're "greener," rather than just using the word, and to be as specific as possible about our environmental activities. So instead of simply saying our stores are getting "greener," we can specify exactly WHAT the environmentally-friendly activities are—such as installing solar panels on rooftops, or reducing greenhouse gases, etc.

At the end of the day, I believe telling our readers more specifically what Wells Fargo is doing to benefit the environment may give us more credibility than just claiming to be "green."

Do you agree? Is the use of "green" to describe positive environmental initiatives acceptable to you? Please tell us what you think!

4 Comments

Both "green" and "sustainable" are beginning to lose all intended meaning. Personally, I try to avoid them altogether and go straight to what is better and why. If someone decides that what I've described is "green" or "sustainable", that's fine.

I agree that the word "green" and "clean" has been enormously abused. Indeed, if we had licensed and trade-marked "green" or "hybrid" around the time of Earth Day, we could have raised billions of dollars for funding sustainability research.

@WellsFargo does well wherever they are frank and honest, from the words they use, to the language they communicate through, and the benchmarks they do/do not hit.

When working with investors, we are always clear that we only work with investment cases that, to the best of our [informed] knowledge, check out as authentic.

GS
www/sincosinco.com

MODERATOR'S NOTE: Just so you know, we've removed a URL from Graham's post in accordance with our Community Guidelines. Nothing else has been changed or altered in any way!

Wells Fargo may pretend to support environmentalism. But in truth they invest their clients' money in hydraulic fracturing and mountain-top removal mining. These two destructive practices undo any efforts they make to decrease waste.

Leave a comment

(optional, but helpful)

Your questions and comments really matter to us! We're glad you want to join the conversation and connect with other Wells Fargo Environmental Forum readers. All we ask is that you keep some simple guidelines in mind:

  • Stay on-topic. Only comments that are related to the subject of the blog entry will be posted.
  • Be respectful. It's okay if you disagree with a post or comment, but please, no personal attacks or offensive language.
  • Maintain your privacy and confidentiality. Please do not provide any of your specific account details or other personal information! If you have immediate service needs, please contact your bank representative or Customer Service.
  • Wells Fargo or Wachovia team members: In the interest of full disclosure, if you are a current employee of or are associated with either Wells Fargo or Wachovia, please make note of your affiliation.

Please Note

By posting content on this Blog, you expressly grant Wells Fargo (and its affiliates) the right to use or distribute the posted content in any form, worldwide, and in perpetuity. You also agree to indemnify and hold Wells Fargo harmless against all liabilities, losses, claims and expenses arising from your posting of materials on this Blog (this includes any claim that Wells Fargo's use of the content of images infringes on someone else's intellectual property rights). Please read our Community Guidelines for more information.

If you have immediate service needs or require a follow-up, please contact your bank representative or relationship manager. If you submit your email address, we will use it only if we need additional information about your comment, or if we need to contact you to resolve service issues mentioned in your comment.

Because this is a moderated site, your comments may not appear immediately. Thanks for your patience!

Environmental Affairs

Please check out our Environmental Affairs page! There’s all sorts of information, including our Environmental finance report (PDF) and Greener building activities.

Recent Comments

  • Stephanie Rico: @GonzoGreen – Thank you for sharing your view with read more
  • GonzoGreen: Wells Fargo may pretend to support environmentalism. But in truth read more
  • Graham Sinclair: I agree that the word "green" and "clean" has been read more
  • Kenton Franklin: Both "green" and "sustainable" are beginning to lose all intended read more

Archives