Inclusiveness for people with disabilities leads to corporate honor for Wells Fargo
Supplier Diversity efforts in recent years have helped lead progress toward equity for businesses owned by people with disabilities.
As the U.S. prepares to celebrate the 30th anniversary of pivotal legislation for people with disabilities, Wells Fargo received word of being named the 2020 Top Corporation for Disability-Owned Businesses. The award was announced during the 2020 Disability:IN Annual Conference, which took place online July 14 – 16.On July 26, Disability:IN and Wells Fargo will also be among the many organizations celebrating the 30th anniversary of the Americans with Disabilities Act, a civil rights law prohibiting discrimination and ensuring that people with disabilities have the same rights and opportunities as others.
Disability:IN, the leading nonprofit resource for business disability inclusion worldwide, works with 185 companies to expand opportunities for people with disabilities. Wells Fargo’s relationship with Disability:IN dates back more than six years.
The annual Disability:IN awards recognize “visionary brands and individuals that are advancing disability inclusion,” according to the organization. The Top Corporation for Disability-Owned Businesses award recognizes corporate leadership in demonstrating outstanding inclusion of Disability:IN-certified, disability-owned businesses (including businesses owned by service-disabled veterans), and commitment to disability business inclusion in their supply chain processes and corporate supplier diversity programs. Previous winners include Bristol-Myers Squibb and Sodexo.
“We are extremely proud of the progress we have made engaging disability-owned business enterprises by integrating them into our sourcing and procurement processes.” — Scott Powell, Wells Fargo COO
“We are extremely proud of the progress we have made engaging disability-owned business enterprises by integrating them into our sourcing and procurement processes,” said Scott Powell, chief operating officer at Wells Fargo and a cosponsor of the Diverse Abilities Team Member Network, as he accepted the award.
Wells Fargo was noted for its efforts to include people with disabilities within its supply chain process through its Supported Employment Program. The program launched in 2017, and this year is on track to hire more than 60 people with disabilities through its third-party corporate properties supply chain.
Wells Fargo was also noted for its performance in working with certified Disability-Owned Business Enterprises through efforts such as capacity-building. Since 2018, the Wells Fargo Foundation has awarded more than $40,000 in microgrants to Disability:IN affiliates across the United States to support growth and scale programs for businesses owned by people with disabilities.
In addition, Wells Fargo was a founding sponsor of Disability:IN’s Disability Supplier Diversity Program.
“Our strategic approach to including people with disabilities is companywide as we focus on employees, customers, suppliers, and the community.” — Regina Heyward, Wells Fargo Head of Supplier Diversity
Striving for full inclusion of diverse businesses within the U.S. economy is a key priority of Wells Fargo’s business inclusion strategy, said Regina Heyward, head of Supplier Diversity, noting that over the past five years the company has spent more than $13 million with businesses owned and managed by people with disabilities.
“Our strategic approach to including people with disabilities is companywide as we focus on employees, customers, suppliers, and the community,” Heyward said. “We are grateful to be recognized as part of the important efforts undertaken by Disability:IN and other national nonprofit organizations to address the systemic barriers that prevent people with disabilities from reaching full employment and participating within corporate supply chains.”