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DiversityInc Names Wells Fargo 11th Among Top 50 Companies for Diversity

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DiversityInc magazine has ranked Wells Fargo No. 11 among the top 50 companies for diversity in 2020 — a list that Wells Fargo has appeared on every year since its inception in 2001. Wells Fargo ranked No. 13 on the 2019 list and No. 14 in 2018.

The magazine also named Wells Fargo No. 1 among the top 16 companies for people with disabilities — a specialty list the company was not ranked on last year. Wells Fargo Supplier Diversity was also recognized by DiversityInc for the first time.

“We are once again proud to be ranked among these great companies that recognize and promote the benefits of diversity,” said David Galloreese, Wells Fargo’s head of Human Resources. “It’s an achievement made possible by a commitment to diversity and inclusion demonstrated at every level of our organization, and by our company’s dedication to developing a culture of belonging.”

Each year, DiversityInc surveys companies, comparing factors such as leadership accountability, talent development, philanthropy, and supplier diversity. About 1,000 companies participate in the rankings.

CEO and President Charlie Scharf has laid out his commitment to diversity and inclusion saying, “We are incredibly fortunate to be a part of a company that embraces D&I and everything it stands for. In today’s rapidly changing global marketplace, we must have a diversity of experiences and viewpoints informing our discussions and decisions.”

Wells Fargo was also ranked No. 8 among the Top 15 Companies for Supplier Diversity and named among the DiversityInc Top Companies for LGBT employees. In addition, the company ranked No. 7 of the Top 14 Companies for Employee Resource Groups. Wells Fargo’s Employee Resource Groups are known as Team Member Networks. View the entire Top 50 list and specialty lists.

During the virtual event announcing the rankings, Jimmie Paschall, head of Wells Fargo Diversity & Inclusion, was noted for her team’s efforts over the past eight years to develop data-driven strategies and help provide programs and tools that continually drive Wells Fargo’s D&I efforts.

“Our world is becoming increasingly diverse and interconnected,” Paschall said. “To be best positioned for success in this rapidly changing environment, companies must foster a culture that acknowledges and appreciates the diversity of its employees, customers, and other key stakeholders. This requires intentional and sustained focus from all levels in the company.”