Company: WFC-PC
Filing Date: 2025-03-19
Form Type: DEF 14A
Source: 0000072971-25-000090
Chunk: 109

Company: WELLS FARGO & COMPANY/MN
Filing Date: 2025-03-19
Form: DEF 14A
Chunk 109
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 topic and related shareholder feedback in connection with this proposal.

• We have served Indigenous Peoples’ communities in the United States for more than 65 years, and we seek to help these communities achieve financial sustainability and prosperity.

Shareholder Engagement

At our 2024 and 2022 annual shareholder meetings, shareholders voted on substantially the same shareholder proposal (the 2024 Proposal and the 2022 Proposal , respectively), both of which were submitted by the proponent. Neither the 2024 Proposal nor the 2022 Proposal received majority support, with a decline in support in 2024. Based on our engagement with shareholders to discuss the prior proposals, we believe the strength of our existing approach and disclosures is responsive to shareholder feedback in a manner that is appropriately aligned with our strategic and risk priorities. As described in the Shareholder Engagement section of this Proxy Statement, we have continued to engage with our shareholders and during these conversations, shareholders generally did not convey expectations for the report requested by the proposal. We also engaged again with the proponent. The GNC and the CRC reviewed and discussed the 2024 and 2022 Proposals, the vote results, shareholder feedback, and the current proposal. All of this has information has informed the Board’s recommendation against this proposal.

Our Framework Regarding Respect for Indigenous Peoples

We seek to respect the rights of Indigenous Peoples, and we strive to take these rights into account when conducting our business activities. In acknowledgement of these rights, we adopted and published our Indigenous Peoples Statement in partnership with tribal leaders, indigenous communities’ stakeholders and their representatives. The Indigenous Peoples Statement articulates Wells Fargo’s commitment to treating all Indigenous Peoples with dignity and respect, as well as our approach to responsible financing.

Additionally, through our Human Rights Statement, which was reviewed by the CRC and updated in fall 2024, we articulate our commitment to respecting human rights in our operations and through our business relationships, including our respect for the rights of Indigenous Peoples in conducting our business activities. The Indigenous Peoples Statement and Human Rights Statement are available on our Reporting and Resources website at https://www.wellsfargo.com/about/responsibility-and-impact/reporting-and-resources/ .

12. https://www.thebanker.com/Major-US-banks-back-out-of-the-Equator-Principles-1710330460

13. https://newsroom.wf.com/English/news-releases/news-release-details/2023/Wells-Fargo-Launches-20-Million-Invest-Native-Initiative-for-Native-American-