Wells Fargo celebrates over 30 years of engagement with diverse-owned companies. Through our Supplier Diversity program, we support the growth of small businesses and businesses owned by minorities, women, veterans, people with disabilities, and LGBTQ+. Supplier diversity adds value to the organization by supporting a supplier base that reflects the customers and communities we serve.
Our Supply Chain Management function is committed to integrating supplier diversity into its strategic sourcing and procurement processes to generate efficiency, innovation, and increased opportunities for diverse suppliers. We aim to accomplish this mission by establishing and supporting partnerships with the diverse business community, developing these businesses for growth, and engaging with community organizations that share our commitment.
We're further committed to monitoring our practices for effectiveness and working with relevant managers, other employees, and stakeholders to implement these practices. Together with our diverse suppliers, we can contribute to the long-term economic sustainability of our communities.