WHY IT’S ON THE LIST
Wells Fargo is the top-ranked bank on the DiversityInc Top 50 and the only one of the leading five national banks to make the list. Three of the other four largest U.S. banks have fallen off the DiversityInc Top 50 list in the last five years.
Moving up six spots this year, Wells Fargo’s efforts start with the deep-rooted commitment of Chairman, President and CEO John Stumpf, who is a strong advocate of equal lending practices and an inclusive workplace. He personally chairs the executive diversity council.
Four years ago, he hired Jimmie Paschall as Executive Vice President and Head of Enterprise Diversity & Inclusion. Wells Fargo’s D&I efforts have increased dramatically, reflected in double-digit gains in women’s roles and higher rates of Blacks, Latinos and Asians in management.
The company has developed ground-breaking talent-development initiatives, including the Peer to Peer Network to on-board new executives from underrepresented groups. The program, which started two years ago, has helped more than 60 executives be successful at Wells Fargo.
Wells Fargo has effectively communicated its long-term internal and external commitment to the LGBT community, landing it the No. 1 spot on The Top 10 for LGBT Employees list this year. Its recent emphasis on veterans earned Wells Fargo a spot on the Top 10 Companies for Veterans list for the second time. For example, the bank has donated $49 million to help military service members, veterans and their families with homeownership, jobs and financial success.
The focus now is also on helping the disabilities community. Earlier this year, Wells Fargo hired Kathy Martinez, former U.S. Assistant Secretary of the Office of Disability Employment Policy, to lead a new position dedicated to people with disabilities and their families.
Chairman, President, and CEO
“We view diversity and inclusion as a path to innovation for our company. We are working to build a diverse and inclusive organization with the ability to see the world from multiple perspectives. This will help us advance our business model and strategies, see and capitalize on new business opportunities, and will determine our long-term success in the global marketplace.”
Executive Vice President and Head of Enterprise Diversity & Inclusion
“With more than 264,000 team members, we know there is power in mobilizing our global organization around common diversity and inclusion goals and priorities. By doing so, we will create a sustainable culture that is accepting of differences, open to new ideas and able to create a competitive advantage in the marketplace.”
U.S. Headquarters: San Francisco
Global Employees: 272,582
U.S. Employees: 262,765
Last Year’s DiversityInc Top 50 Ranking: No. 17
OTHER DIVERSITYINC LISTS
No. 1 Top 10 Companies for LGBT Employees
No. 7 Top 10 Companies for Veterans