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Wells Fargo’s Five-Year CSR Effort to Make Investment in Inclusive Innovation
Wells Fargo & Company released a five-year, company-wide corporate social responsibility (CSR) strategy that includes significant commitments to inclusion, innovation, small business lending, and community investment. Its 2020 social commitment will target three commitment areas – diversity and social inclusion; economic empowerment; and, economic sustainability. Proposed funding includes:
- Donating $100 million to meet social needs such as advancing social inclusion through education and leadership development efforts for women and diverse populations;
- Investing in emerging technologies and innovative solutions to address social needs, values and preferences of diverse customers;
- Offering $75 million in grants and lending to help diverse-owned small businesses access capital and technical assistance;
- Providing $65 million in philanthropic giving to critical environmental needs such as clean technology, and environmental education; and,
- Financing and investing in sustainable business opportunities as well as developing new products and solutions to address critical environmental needs.