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.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey