Wells Fargo Recognized for Diversity, Corporate Citizenship

Wells Fargo has been recognized by two organizations that examine aspects of a company’s commitment to social responsibility issues.

DiversityInc ranked Wells Fargo No. 33 on its 2012 list of Top 50 Companies for Diversity, up seven spots from last year. Wells Fargo also was named the top company for lesbian, gay, bisexual, and transgender employees and will receive DiversityInc’s Top Company for Community Development Special Award during an event in October in New York City.

Corporate Responsibility magazine named Wells Fargo among the 100 Best Corporate Citizens. For the past 13 years, the magazine has rated companies based on factors including diversity, corporate governance, philanthropy and environmental sustainability.

12 Consecutive Years

The honors from DiversityInc mark the 12th year in a row that Wells Fargo has placed among the Top 50. In 2011, Wells Fargo ranked No. 40.

Each year DiversityInc surveys companies and looks at factors such as CEO commitment, human capital, corporate and organizational communication, and supplier diversity. For 2012, 587 companies were considered for inclusion in DiversityInc’s lists, up 11 percent from 2011.

“It’s great to be recognized for our efforts,” said Wells Fargo Oregon Region President Don Pearson of Portland. “Diversity and corporate responsibility are part of our core values at Wells Fargo. We realize we will not succeed as a company if we don’t embrace diversity and do all we can to help our communities and customers succeed.”

“Few companies have faced the marketplace challenge as well as Wells Fargo,” said Luke Visconti, CEO of DiversityInc. “At a time when bank values have been under scrutiny, this company has demonstrated a deep commitment to creating economic vitality in underserved communities. Under the leadership of Chairman, President and CEO John Stumpf, a true diversity visionary, the company is increasing its external and internal diversity focus even more.”

Serving Oregonians since 1852, Wells Fargo is celebrating its 160th anniversary this year. The company provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores; 12,000 ATMs; the Internet (wellsfargo.com); and other distribution channels across North America and internationally.