57 Addressing harassment in the workplace We prohibit any form of harassment, including sexual harassment, of any of our employees, contingent resources, vendors, employment applicants, or customers on the basis of an individual’s race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, physical or mental disability, pregnancy, marital status, hairstyles or hair texture, status as a protected veteran, or any other status protected by federal, state, or local law . And we’re committed to protecting those who report harassing behavior from retaliation . The treatment of sexual harassment claims has become an increasingly prominent issue across all industries . We’ve taken many steps intended to create and maintain a workplace environment that promotes and protects the safety and well- being of our employees . Among other things, we decided in 2020 that Wells Fargo will not require arbitration for employees in connection with any sexual harassment claims . Performance management Our performance management program includes a balanced framework designed to promote risk management, discourage imprudent or excessive risk-taking, and encourage personal accountability . We continuously refine the way we evaluate and manage our employees’ performance . Some recent enhancements to our performance management framework include the introduction of a multilevel rating scale, a new approach to prioritizing risk management via a risk overlay, and the removal of objective weightings . We’ve also added formal checkpoints between managers and employees, including an opportunity for employees to acknowledge receipt of their performance objectives and evaluations . Our Performance Management Policy establishes our performance management expectations and requirements for all Wells Fargo employees . Each year, employees are expected to have defined performance objectives so that they focus time and resources appropriately and know how their performance will be assessed . On an annual basis, managers complete a mid-year and year-end performance evaluation with their employees where they document key accomplishments against objectives, including risk management .
Wells Fargo ESG Report Page 56 Page 58