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Wachovia 2007 Web Pages

For More Information
To learn more about how we score, what topics are considered in the evaluation, and what score we assigned in each topic, click here: View the completed PSI scoring sheet

Analyst Comments
Although Wachovia includes several policy papers which commit the company to various environmental practices or goals for emissions reductions, they do not include any environmental or social performance data. Most of the discussion is too vague, but they do describe some commendable programs, such as WachoviaVolunteers! and WE Give, programs to encourage employee volunteerism. Also, the web pages state that Wachovia plants to report carbon emissions this year. Still, the company's commitments and goals would be much more impressive if they had some data to show progress. Analyzed by Kathleen M. Harris, and posted to the web on 7/16/2007.

Company Description
Wachovia is cooking up a stir-fry of financial services. Formed in 2001 when East Coast banking heavyweight First Union bought venerable Wachovia (the "ch" is pronounced "k") and took the smaller firm's name, the company is the #4 US bank behind Citigroup, Bank of America, and JPMorgan Chase. It has some 3,400 branches in around 20 eastern and southern states, as well as California; retail brokerage Wachovia Securities has 750 offices across the US. Subsidiary Evergreen Investment Management offers mutual funds. Other services include capital and wealth management and corporate banking. Wachovia's 2006 acquisition of Golden West Financial strengthened its core markets and added 255 branches to its network. Source: Hoovers

Overall Scores

The letter grades reported below are based on all reports irrespective of year of the same sector in the database and may be slightly different from the grades in the individual sector reports, which are based on scores of companies in just that report.

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