Wells Fargo’s five core values include diversity and inclusion. A key part of our focus on diversity and inclusion is supplier diversity and the development and engagement of certified minority, women, LGBT, veteran, disabled, and small businesses.
Wells Fargo is committed to ensuring supplier diversity is integrated into our strategic sourcing and procurement processes to generate efficiency, innovation, and increased opportunities for diverse suppliers. We’re committed to accomplishing 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. Our goal is to spend 15 percent of procurement dollars with diverse suppliers by 2020.
We’re further committed to monitoring our practices for effectiveness through performance goals and ensuring our commitment is emphasized by all levels of management and communicated to all team members and stakeholders. Together with our diverse suppliers, we can contribute to the long-term economic sustainability of our communities.
Timothy J. Sloan
CEO and President