Policy advocacy onmental Wells Fargo's Government Relations and Public Policy team manages the company's legislative and political activities in a manner consistent with good corporate governance practices. Envir • Wells Fargo participates in the U.S. public policy arena on a wide range of issues that may impact the company. The company discloses federal lobbying activities in accordance with the Lobbying Disclosure Act (LDA), which requires quarterly reports to be 昀椀led with the United States Congress. • Wells Fargo’s Political Action Committees (PACs) are funded through voluntary contributions from eligible exempt employees, and managed by the Government Relations and Public Policy team. Wells Fargo’s PACs Social report to the Federal Elections Committee and/or to state agencies, as required by law. • Pursuant to company policies, Wells Fargo does not use company money or resources to in昀氀uence any U.S. domestic or foreign candidate elections. It does not use company money to 昀椀nancially support candidate campaign committees, political parties, or caucuses, and does not make independent expenditures on other political committees, or partake in other types of election-related activity. The Board’s Corporate Responsibility Committee oversees the company's signi昀椀cant Government Relations strategies, policies, and programs. ernance v Information on the Wells Fargo Political Action Committee and corporate political spending can be found on Go the Government Relations and Public Policy page on wellsfargo.com. Public policy lobbying and corporate Political Action Committee (PAC) spending Unit 2019 2020 2021 Spending on federal lobbying activities1 USD 5,010,000 4,424,237 3,830,000 Corporate PAC contributions² USD 763,250 1,010,750 741,700 Notes 1. Federal lobbying activities are disclosed under the Lobbying Disclosure Act (LDA), which requires reports to be 昀椀led quarterly with the United States Congress. LDA reports are available for review on the U.S. House website. 2. Contributions to federal and state committees from the employee-funded PAC. References Government Relations and Public Policy Wells Fargo Political Action Committees contributions (PDF) 47 Environmental, Social, and Governance Report 2022
Environmental, Social, and Governance (ESG) Report Page 46 Page 48