Wells Fargo strives to build a culture where all people are valued and accepted, and individual differences are respected. We are committed to hiring and retaining diverse team members and have a plan for increasing diversity in all levels of management. We promote growth through leadership development programs, and focus on identifying and mentoring diverse leaders.
Our commitment for diversity and inclusion starts at the top with our board of directors. Our Enterprise Diversity and Inclusion Council is led by our CEO and President Tim Sloan and has senior executives from across the company who are accountable for helping reach our D&I goals.
We have a broad range of team member networks and diversity councils nationwide that offer career development, mentoring programs, networking and community outreach activities. As part of our commitment to D&I, Wells Fargo is committed to donating $100 million by 2020 to crucial social needs such as supporting the advancement of women and other diverse leaders and furthering social inclusion through education.
Additionally, we are committed to local economies by developing and using diverse suppliers in the communities where we do business. We continue to make progress toward our goal of spending 15 percent of our total procurement budget with diverse suppliers by 2020. We are committed to advancing diversity and social inclusion among our customers, team members, suppliers and communities.