No. 33: Wells Fargo

Wells Fargo Logo
DiversityInc Lists
  • No. 1 in The DiversityInc Top 10 Companies for LGBT Employees
Why It’s on the List

The bank, led by Chairman, President and CEO John Stumpf, has been making great strides in creating an inclusive workplace and strengthening its ties to the multicultural marketplace, emphasizing economic vitality in those communities.

With the recent addition of Jimmie Paschall to head their diversity efforts, Wells Fargo is expected to increase its internal and external diversity focus even more.

Its current community efforts include significant outreach to the LGBT community. Wells Fargo has a 100 percent Human Rights Campaign Corporate Equality Index rating, which it has had for nine years. In 2011, the company launched a new leadership program for its LGBT team members. This three-day program, which is modeled after the company’s current leadership program for other underrepresented segments, helps participants gain an understanding of the differences between LGBT culture and mainstream business culture.

Wells Fargo has strong resource groups, which it calls team member networks. They assist with diversity training and vendor selection. Their results are measured in five key areas: business insights and development, employee engagement, talent development, branding and communications, and community outreach. Their contributions to the business are assessed through their annual business plans and results reports. The networks are formed through the grassroots level, and then they receive corporate authorization. They autonomously manage the evolution of their chapters.

 
Diversity Leadership
John Stumpf Photo John Stumpf
Chairman, President and CEO: “We cannot be one of the world’s great companies unless we become more diverse and inclusive. It’s a business imperative that makes the company a better place to work and enables us to better understand our customers’ needs and provide outstanding service.”
Jimmie Paschall Photo Jimmie Paschall
Executive Vice President, Head of Enterprise Diversity and Inclusion:“We have thousands of team members who are passionately committed to helping Wells Fargo become more diverse and inclusive. I’m thrilled to have the ability to help align that energy and build on Wells Fargo’s successes to develop a shared vision, accountability and ownership with the business leaders across the organization.”
Company Information

U.S. Headquarters: San Francisco

U.S. Employees: 267,594

Last Year’s DiversityInc Top 50 Ranking: No. 40
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