80 their sources and assess the situation . In cases where we become uncomfortable with a relationship — for financial, ethical, or other reasons — we seek opportunities to exit that relationship . Human Rights Impact Assessment (HRIA) In late 2020, Wells Fargo initiated a corporate Human Rights Impact Assessment to determine the current salient human rights risks across our value chain, including those related to racial equity . This assessment will allow us to improve governance related to managing human rights issues companywide, update our Human Rights Statement to better align with the expectations of companies under the United Nations Guiding Principles on Business and Human Rights, and enhance and inform our dialogue around human rights with our various stakeholders . Additional due diligence for vulnerable communities Beyond our Human Rights Statement, we recognize that several vulnerable groups have been historically disadvantaged . We dedicate extra attention to understanding and addressing their unique concerns and perspectives, as detailed in the two examples below . Indigenous Peoples As a result of issues that arose during construction of the Dakota Access Pipeline — and following specific assessment findings — we enhanced our ESRM due diligence to include more focused research into whether Indigenous communities are affected and properly consulted . We’ve also implemented an Indigenous Peoples Statement (PDF) , which we developed in consultation with tribal leaders, Indigenous stakeholders, and their representatives . We created this document to better communicate our commitment to Indigenous Peoples in general and, more specifically, to guide our decision- making on projects in which Wells Fargo financing may potentially impact Native American, Alaska Native, or other Indigenous communities . The statement also outlines our approach to responsible finance . Specifically: • We recognize that governments play the central role in the approval of policies or projects that impact Indigenous Peoples, and we encourage our customers to collaborate in meaningful ways to manage the impacts and risks of their activities on these communities . • We conduct due diligence in sensitive industries covered by the ESRM Framework so that our customers have an opportunity to engage meaningfully and effectively with critical stakeholders and commit to protecting community health, safety, and security; the environment; cultural identity; and the sacred lands and heritage of affected Indigenous Peoples . We’ve supplemented this due diligence with a heightened focus on potentially impacted Indigenous communities . We place special focus on whether they’ve had the opportunity for informed consultation and participation . For certain transactions, we require escalated approval from senior leaders . • If we don’t determine that a company can effectively manage elevated environmental and social risks in its operations, we will decline participation in the transaction . • For projects where we can identify that the use of proceeds may potentially impact Indigenous Peoples — specifically for project