50 Diversity, equity, and inclusion Society expects companies to have their executive ranks reflect the customers they serve and the U .S . population more broadly . They also expect financial institutions to provide affordable, easy-to-use products and services, to enable the dream of homeownership, financial well-being and planning, and to help in the formation and growth of small businesses in diverse communities . We share these expectations and we’re developing and implementing a comprehensive diversity agenda that focuses on sustainable progress and lasting impact . In 2020, we renewed our commitment to diversity, equity, and inclusion (DE&I) at the direction of our CEO . New DE&I initiatives were put into place to help accelerate our efforts to increase diverse representation at all levels of the organization, including senior-level roles, creating a more inclusive work environment . It also allows us to better serve growing, diverse customer segments, while partnering with diverse suppliers across all business lines . Update on Wells Fargo’s DE&I commitments Require diverse candidate slates and interview teams for key roles with total direct compensation of more than $100,000 In the U .S ., we now require that at least 50% of interview candidates identify with at least one diversity dimension — and we require a diverse team of interviewers — for most roles with total direct compensation of more than $100,000 . Outside the U .S ., we have country-specific strategies in place to ensure that we’re considering diverse candidate slates for executive-level roles . Sustain our diverse supplier program and explore opportunities with diverse asset managers and other business partners We engage in strategic partnerships across a diverse business community, developing businesses for growth, and engaging with community organizations that share our commitment to DE&I . Specifically, we leverage internal and external partners to engage with diverse-owned businesses including those owned by racially and ethnically diverse individuals, women, veterans, people with disabilities, and members of the LGBTQ community . We also invest in capacity building programs to help historically underrepresented suppliers grow their businesses . • We have steadily increased our annual spending with diverse suppliers from $824 million in 2013 to nearly $1 .4 billion in 2020, representing 12% of our total controllable spending, and surpassing the financial services industry average of 9 .3% . ¹ • In October 2020, we launched our Diverse Asset Managers Initiative, a multiyear plan to invest internal assets with asset managers from underrepresented backgrounds while increasing visibility and building capacity in diverse-owned asset management firms . We engage with a network of nonprofit organizations to address systemic and structural issues that may be barriers to asset manager diversity and inclusion . Learn more in our Supplier Diversity section . Inclusion of DE&I metrics and activities in all regular business reviews DE&I metrics and activities are now included in all regular business reviews to help ensure we accomplish our objectives . Performance trends can be found in the Wells Fargo ESG Goals and Performance Data (PDF) . 1 . As reported by Financial Services Roundtable for Supplier Diversity .