Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 110

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 110
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Communities/default.aspx

#### 110Wells Fargo & Company

#### Shareholder Proposals
We also have existing policies and procedures in place to evaluate potential risks to Indigenous communities and we periodically review and evaluate these policies and procedures, consistent with our standard policy management process and our enterprise‑wide risk and control framework. To help us identify, evaluate, and manage complex issues relating to Indigenous Peoples’ rights and other areas in our financing and investment businesses, we have established risk management policies, practices, and procedur es that involve our business groups and include, as applicable, enhanced due diligence and management level review.

Board and Committee Oversight

Our Board, through the applicable committee, oversees our significant strategies, policies, and programs on social and public responsibility matters, including human rights and Indigenous Peoples’ rights. In furtherance of these oversight responsibilities, the CRC reviewed our Human Rights Statement and Indigenous Peoples Statement. Additionally, the Risk Committee oversees our risk management framework, including among other things, our risk management program and governance structures used by management to execute our risk management program.

Serving Indigenous Peoples’ Communities

For more than 65 years, Wells Fargo has provided capital and financial services to tribes and tribal-owned enterprises. Wells Fargo has banking relationships with 1 out of 3 federally recognized tribes in the United States. We have committed approximately $4.6 billion in credit and hold approximately $3.8 billion in deposits for tribal governments and tribally owned enterprises nationally, banking more than 300 Native American and Alaska Native tribal entities in 32 U.S. states. We are dedicated to serving Indigenous communities with products, services, and financial health programs tailored to help tribal clients, tribal governments, tribal enterprises, and tribal members succeed financially.

Additionally, between 2017 and 2022 we provided more than $50 million to nonprofit organizations serving American Indian, Alaska Native, and Native Hawaiian communities, and in January 2023, we launched Invest Native, through which we have provided an additional $20 million in philanthropy to advance economic opportunities in Native American communities through work with Native‑led organizations.

We believe that we are addressing the risks to Indigenous communities described in the proposal through our Board oversight, our existing policies and procedures to evaluate and mitigate potential risks, and our ongoing commitment to Indigenous communities. Therefore, we believe that the report requested by the proposal is unnecessary and would require us to devote meaningful time and resources that could be better utilized to advance key priorities. We believe that this proposal is not in the best interest of Wells Fargo, our shareholders,