Company Releases 2007 Corporate Citizenship Report
- Gave almost $200 million in grants – an average of $266,000 every day – the last two years to 14,000 nonprofits and schools.
- Invested $371 million in community development projects for affordable housing, schools, economic development, community revitalization and job creation.
- Team members volunteered 796,000 hours, serve on more than 9,100 nonprofit boards, and raised a record $28.4 million during the Community Support/United Way campaign.
- Purchased $550 million kilowatt hours of renewable energy certificates, making Wells Fargo the nation’s second largest purchaser of renewable energy.
- Helped launch Hope Now – an alliance of mortgage servicers, mortgage counselors, capital markets investors and the government – to help homeowners at risk of foreclosures.
Wells Fargo’s 2007 Corporate Citizenship Report, “How we’re working together with our communities to teach, build, support and serve” is available at https://www.wellsfargo.com/about/csr/reports/
“We’ve embraced the values of social responsibility since we started doing business in 1852. That spirit of working together with our customers and communities is even stronger today because our 168,000 team members demonstrate it each day,” said CEO John Stumpf. “Our communities are our customers, too, and this report is our opportunity to showcase our good work and acknowledge the areas where we can, and will, do better."
Wells Fargo & Company is a diversified financial services company with $575 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (wellsfargo.com) across North America and internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks worldwide, to have the highest credit rating from both Moody’s Investors Service, “Aaa,” and Standard & Poor’s Ratings Services, “AAA.".