Wells Fargo Publishes 2014 CSR Progress Report

Wells Fargo Publishes 2014 CSR Progress Report

Company Achieves 10 of its Social, Economic and Environmental Goal
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Wednesday, March 25, 2015 - 9:20am

CAMPAIGN: Wells Fargo Social Impact and Sustainability

CONTENT: Press Release

SAN FRANCISCO, March 25, 2015 /3BL Media/ – 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.