Wells Fargo Publishes 2014 CSR Progress Report
March 25 2015 - 8:00AM
Business Wire
Company Achieves 10 of its Social, Economic and
Environmental Goals
Wells Fargo & Company (NYSE:WFC) announced today the release
of its 2014 Corporate Social Responsibility (CSR) Interim report,
revealing the company has met or surpassed 10 companywide social,
economic and environmental goals and is ahead of schedule or on
track to meet its additional goals by 2020 or earlier.
“Caring for our communities is a critical component of our
company’s culture and helps drive our business strategy,” said Jon
Campbell, head of Government and Community Relations for Wells
Fargo. “We are pleased to share stories in our CSR report of how we
are helping create more resilient, sustainable communities.”
The 2014 achievements highlighted in the company’s ninth CSR
report include:
- $37 billion in environmental loans and
investments since 2012, surpassing the company’s 2020 goal of $30
billion.
- $49 million in financial education,
jobs assistance, and home donations to military veterans since
November 2012, surpassing our $35 million goal, one year
early.
- $1 billion spent with diverse suppliers
in 2014, achieving our goal of spending 10 percent of our annual
procurement budget with diverse businesses.
- $17 billion in community development
loans and investments since 2012, exceeding our $15 billion goal
two years early.
- $1.1 billion in company donations to
nonprofit groups over the past four years, surpassing our goal
three years early.
- $97.7 million in team member donations
pledged in 2014, up nearly 10 percent from 2013.
- 6.4 million team member volunteer hours
since 2011, exceeding the company’s four-year goal by 7
percent.
The company’s CSR efforts have contributed to Wells Fargo
receiving recognition by a number of third-party organizations and
business publications, including ranking on Barron magazine’s “Most
Respected in the World” list, Fortune magazine’s “Most Admired
Companies” list, Diversity Inc.’s “Top Companies for Diversity”
list, and Corporate Responsibility magazine’s “100 Best Corporate
Citizens” list. Additionally, United Way Worldwide has recognized
Wells Fargo’s workplace giving campaign as the largest among all
U.S. companies for six consecutive years.
For more information, including a complete list of the company’s
awards and recognition in 2014, download the interim 2014 CSR
report or visit www.wellsfargo.com.
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a nationwide,
diversified, community-based financial services company with $1.7
trillion in assets. Founded in 1852 and headquartered in San
Francisco, Wells Fargo provides banking, insurance, investments,
mortgage, and consumer and commercial finance services through more
than 8,700 locations, 12,500 ATMs, and the internet
(wellsfargo.com), and has offices in 36 countries to support
customers who conduct business in the global economy. With
approximately 265,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was
ranked No. 29 on Fortune’s 2014 rankings of America’s largest
corporations. In 2014, the Company donated $281.2 million in grants
to 17,100 nonprofits, and team members contributed 1.74 million
volunteer hours around the country. Wells Fargo’s vision is to
satisfy all our customers’ financial needs and help them succeed
financially. Wells Fargo perspectives are also available at
Wells Fargo Blogs and Wells Fargo Stories.
Wells Fargo & CompanyDasha Ross,
202-303-2967Dasha.ross@wellsfargo.com
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