U.S. Headquarters: San Francisco
U.S. Employees: 270,735
Last Year’s DiversityInc Top 50 Ranking: No. 33
Why It’s on the List
There’s a good reason Wells Fargo was honored last year as DiversityInc’s Top Company for Community Development—the bank’s outreach to multicultural markets is among the best in any industry.
In 2011, Wells donated $213.5 million to 19,000 nonprofits, including $68 million to more than 8,000 educational programs. The bank’s unique financial-education program for gay and lesbian couples is featured monthly in DiversityInc, and its culturally competent targeted efforts to Asians and Latinos are the most focused and relevant of any financial institution. Two-thirds of its top two levels of executives sit on the boards of multicultural organizations.
Internally, the company has aligned its D&I efforts strategically under Jimmie Paschall, Executive Vice President, Enterprise Diversity and Inclusion. That includes a strong focus on talent development and mentoring. The Executive Mentoring Program matches the top 100 leaders of the company with mentees, most of whom are cross-cultural and from different lines of business.
The emphasis on D&I starts at the top with Chairman, President and CEO John Stumpf, who is the chair of the executive diversity council and links his direct reports’ compensation to diversity goals.
- No. 6 The DiversityInc Top 10 Companies for Executive Women
- No. 1 The DiversityInc Top 10 Companies for LGBT Employees
Other Diversity Leadership
Chairman, President and CEO
“Diversity and inclusion are business imperatives key to being one of the world’s great companies. Having multiple perspectives and backgrounds allows us to understand our customers more fully, see business opportunities in new ways and succeed in serving the needs of our expanding customer segments, including small and diverse-owned businesses.”
Executive Vice President, Head of Enterprise Diversity and Inclusion
“With more than 265,000 team members, we know there is power in mobilizing our diversity and inclusion ecosystem around common 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.”