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Corporate Social Responsibility
News
3.31.2008 - 11:00am ET
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CSR News from:
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Wells Fargo & Company
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Wells Fargo Reports Progress in Community Investments, Supporting Homeownership and Environmental Commitment
Company releases 2007 Corporate Citizenship Report
(CSRwire) SAN FRANCISCO - March 31, 2008 - Wells Fargo & Company (NYSE: WFC) has
released its 2007 Corporate Citizenship Report, showing how the Company is
making progress in community involvement, team member volunteerism,
financial education, environmental stewardship, workplace practices,
responsible business practice and homeownership. The progress
includes:
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/media_info.
"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."
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