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Wells Fargo's New Corporate Citizenship Report Now Available Online

Wells Fargo's New Corporate Citizenship Report Now Available Online

Published 04-24-07

Submitted by Wells Fargo & Company

SAN FRANCISCO, CA - April 24, 2007 "“ Wells Fargo & Company (NYSE: WFC) has released its second annual Corporate Citizenship Report, "One Team. Pulling Together. For Communities." The Report details the Company's commitment to and progress in 10 key areas: business practices, workplace practices, diversity, community involvement, volunteerism, education, responsible lending, home ownership, small business and environmental stewardship.

Wells Fargo's 2006 Corporate Citizenship Report is available online only at

"Wells Fargo has always conducted business in a socially responsible way not just because it's the right thing to do but because it's good business," said Chairman and CEO Dick Kovacevich. "This Report gives our customers, stockholders and communities a comprehensive picture of our social responsibility. We continue to make good progress in each of these significant areas of corporate citizenship but we can and must do better because there are so many untapped opportunities, and so many new and better ways to help our communities grow and prosper."

Highlights of the 2006 Report include:

  • The Company contributed $103 million to 14,000 non-profit organizations and schools;
  • The Company offset 42 percent of its greenhouse-gas emissions from electricity and became the largest purchaser of renewable energy in the U.S.;
  • Team members built the Company's 2,000th Habitat for Humanity home, marking a 13-year partnership with Habitat for Humanity;
  • In a company-wide survey, 89 percent of team members said they like working at Wells Fargo;
  • Team members recorded 730,000 hours of volunteer service in their communities;
  • DiversityInc magazine ranked Wells Fargo 17th "“ up from 40th the previous year "“ among the country’s Top 50 Companies for Diversity;
  • The Company's community development lending exceeded $1.4 billion.

Wells Fargo & Company is a diversified financial services company with $486 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 6,000 stores and the internet ( 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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