Company Directory - Wells Fargo
Company Details - Wells Fargo
Wells Fargo
A financial services company providing banking, investment, and mortgage products and services.
CCI Score
CCI Score: Wells Fargo
-13.31
0.01%
Latest Event
Wells Fargo Faces Labor Board Complaint Over Union Vote
Wells Fargo is facing serious allegations from the National Labor Relations Board, which claims that management at a California branch coerced workers to vote against unionization. The incident raises concerns about the bank's labor practices and commitment to fair treatment of employees.
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ENABLER
Wells Fargo is currently rated as an Enabler.
Latest Events
- FEB132025
Wells Fargo is facing serious allegations from the National Labor Relations Board, which claims that management at a California branch coerced workers to vote against unionization. The incident raises concerns about the bank's labor practices and commitment to fair treatment of employees.
-70
Labor Relations and Human Rights Practices
March 22
The allegations that Wells Fargo coerced employees to vote against unionization highlight serious deficiencies in labor relations and human rights practices. Such actions, if proven true, suggest that the bank is compromising worker rights and undermining efforts to organize, aligning with broader patterns of authoritarian behavior. This incident calls into question the bank’s adherence to ethical labor practices and its commitment to respecting employees' rights to unionize.
- FEB072025
Wells Fargo faces allegations of engaging in unfair labor practices by refusing to bargain in good faith with unionizing employees. The dispute, centered around claims of unlawful tactics in response to union certification and layoffs, highlights the bank's problematic stance on labor rights.
-70
Labor Relations and Human Rights Practices
March 22
Wells Fargo's refusal to bargain with unionized employees and its contestation of the certified union vote, alongside previous unfair labor practice allegations, indicates a strong disregard for labor rights and ethical responsibility in managing its workforce. Such actions undermine workers' collective bargaining power, fostering an environment of corporate authoritarianism and complicity in oppressive labor practices.
- FEB062025
Wells Fargo's PAC contributed $157,500 during the 2023-2024 election cycle, raising concerns about corporate influence in federal politics that may ultimately bolster authoritarian practices. The influence of such political contributions can undermine democratic accountability and transparency.
-30
Political Contributions and Lobbying Efforts
March 22
Wells Fargo’s PAC contributions, amounting to $157,500 in the 2023-2024 cycle, are indicative of the company’s involvement in shaping political outcomes through financial means. Such contributions can indirectly support candidates and policies that may further authoritarian interests, reducing transparency in political processes. This behavior raises red flags regarding corporate complicity in undermining democratic norms.
Wells Fargo PAC Contributions to Federal Candidates • OpenSecrets
- NOV012024
In November 2024, Wells Fargo released a comprehensive Human Rights Statement outlining its commitment to ethical business conduct, protecting human rights, and upholding robust labor practices. The document details measures for non-discrimination, pay equity, employee safety, privacy protection, and transparency in its operations, signaling a strong stand against policies that could empower authoritarian practices.
+80
Business Practices and Ethical Responsibility
March 22
Wells Fargo's Human Rights Statement demonstrates a clear commitment to ethical business practices. The company outlines robust policies on transparency, consumer safeguards, and adherence to international human rights standards, which suggests a proactive stance against authoritarian tendencies and fascist influences in corporate behavior.
+80
Labor Relations and Human Rights Practices
March 22
The document provides detailed insights into Wells Fargo’s labor relations and human rights practices. Policies addressing non-discrimination, equal pay, safe working conditions, and open communication channels with employees underscore the company's commitment to protecting worker rights, a stance that inherently challenges exploitative and authoritarian practices.
- SEP012024
Wells Fargo's Sustainable Finance & Advisory team is leveraging innovative financial strategies to promote supplier sustainability and enhance ethical supply chain practices. This initiative, which incentivizes sustainability upgrades and better reporting among suppliers, demonstrates the company's commitment to environmental and social responsibility.
+80
Supply Chain Ethics
March 22
Wells Fargo is actively promoting sustainable practices in its supply chain finance operations by encouraging transparency, sustainability reporting, and ethical supplier engagement. This move not only improves environmental performance but also helps mitigate risks related to labor rights and human rights abuses, aligning with anti-fascist values in resisting exploitative practices.
Sustainable supply chains: Financial strategies for a greener outcome
- AUG062024
Wells Fargo is now embroiled in a securities class action lawsuit alleging that its publicized DEI hiring initiative was largely a facade. The bank is accused of conducting sham interviews to appear committed to diversity while filling positions with pre‐selected candidates, misleading investors and undermining genuine ethical business practices.
-40
Public and Political Behavior
March 22
Wells Fargo’s public communications—including investor filings and press releases—highlighted its commitment to diversity even as allegations suggest these claims were misleading. This deceptive public posture contributes to distrust and erodes accountability, challenging the role of corporate messaging in supporting democratic norms.
Wells Fargo faces lawsuit for alleged sham DEI hiring effort
-50
Business Practices and Ethical Responsibility
March 22
The lawsuit claims that Wells Fargo’s DEI initiative was largely a window dressing effort, designed to boost the company’s image rather than effect real change. This alleged misrepresentation of hiring practices raises serious concerns about the bank’s commitment to ethical business practices and its treatment of marginalized groups.
Wells Fargo faces lawsuit for alleged sham DEI hiring effort
- APR292024
Mounting investor pressure highlights growing concerns over Wells Fargo's labor practices and the treatment of workers, suggesting systemic issues in upholding fair labor standards.
-40
Labor Relations and Human Rights Practices
March 22
Wells Fargo is facing mounting investor pressure over its handling of workers' rights, signifying potential shortcomings in labor relations and human rights practices. This negative development indicates that the bank's internal practices may be neglecting employee welfare and fair practices, aligning with broader concerns over corporate contributions to authoritarian economic structures.
Wells Fargo faces mounting investor pressure over workers’ rights
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Industries
- 522110
- Commercial Banking
- 522390
- Other Activities Related to Credit Intermediation
- 523110
- Investment Banking and Securities Dealing
- 523120
- Securities Brokerage
- 523930
- Investment Advice
- 522120
- Savings Institutions