Wells Fargo Ranks #11 on the 2015 DiversityInc Top 50 Companies for Diversity
Also ranked in Top 10 lists for LGBT and Veterans
NEW YORK, May 5, 2015 /3BL Media/ – On April 23, DiversityInc announced Wells Fargo came in #11 on its 2015 Top 50 Companies for Diversity ranking. Wells Fargo also ranked #1 on DiversityInc’s Top 10 Companies for LGBT employees and #7 on the list of Top 10 Companies for Veterans. More than 900 senior executives from 50 Fortune 100 companies from across the country were present for the annual announcement dinner.
“In its fifteenth year, Wells Fargo moves up six spots because of its innovative talent development initiative that has increased its diverse pipeline as well as marketplace outreach,” said DiversityInc CEO Luke Visconti. “Under the leadership of Chairman, President and CEO John Stumpf, and EVP and Head of Enterprise D&I Jimmie Paschall, the company has increased its tremendous outreach to underserved communities, especially veterans, the LGBT, and people with disabilities."
DiversityInc Top 50 companies have significantly more diversity than average American corporations. Compared with EEOC statistics, Top 50 companies have 20% more Blacks, Latinos, and Asians in management, and 13% more women. In the Top 10 the contrast is even sharper, with 41% more Blacks, Latinos, and Asians, and 46% more women than U.S. corporate average. This year, for the first time, the National Organization on Disability tracker was required for the Top 10 Disabilities list.
CNBC covered the DiversityInc Top 50 event and provided the stock market econometric evaluation. “The Top 50 list outperformed the market on a short and long-term basis - which has been the case over the past several years. This shows evidence of the link between excellence in diversity management and superior corporate governance,” said Visconti.
Any company with more than 1,000 U.S.-based employees is eligible to enter, and there iis no cost to compete. Each company’s rank is based on objective analysis of 183 separate factors, based on data from a 300-question survey. The four equally weighted areas of measurement include Talent Pipeline, Equitable Talent Development, CEO/Leadership Commitment, and Supplier Diversity.
The announcement dinner included a keynote address from Reverend Jesse Jackson, Sr., whose Rainbow PUSH Coalition has been calling on the tech. industry to embrace more diversity as a business opportunity.
For the entire Top 50 list, visit http://www.diversityinc.com/top50 or follow the conversation online with the hashtag #DITop50. Wells Fargo’s profile can be found at http://www.diversityinc.com/wells-fargo/. Specialty lists for LGBT and Veterans can be found at http://www.diversityinc.com/top-10-companies-lgbt-employees/ and http://www.diversityinc.com/top-10-companies-veterans/
The DiversityInc Top 50 Companies for Diversity Announcement Dinner was made possible thanks to the following sponsors: Abbott, ADP, AT&T, Caterpillar, Cox Communications, CVS Health, Deloitte, EMC, EY, IBM, Kaiser Permanente, Marriott International, MasterCard, Monsanto, Novartis Pharmaceuticals Corporation, PricewaterhouseCoopers, Prudential Financial, Sodexo, Target, TD Bank, Time Warner, Toyota Motor North America, and Wells Fargo.
About DiversityInc
DiversityInc’s mission is to bring education and clarity to the business benefits of diversity. The DiversityInc Top 50 Companies for Diversity list began in 2001, at the same time many corporations were beginning to understand the business value of diversity-management initiatives. The 2015 Top 50 Companies for Diversity results are featured on DiversityInc.com and in DiversityInc magazine. For more information, log on to www.diversityinc.com, https://www.facebook.com/DiversityInc, https://twitter.com/DiversityInc or http://www.linkedin.com/company/26561.
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 through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 266,000 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. 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.
