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8 Identifying our ESG priorities Wells Fargo has an ongoing process to assess and prioritize ESG topics that are most relevant to our company and our stakeholders . The topics covered in this report reflect discussions with subject matter experts from across our company, findings from primary and secondary research, and feedback we receive and insights we gain through our ongoing engagement with stakeholders . At Wells Fargo, we regularly monitor ESG trends to inform our ESG strategy, goals, and reporting priorities . We have been conducting formal ESG materiality assessments periodically since 2009 to identify topics most important for ESG purposes . Our most recent ESG materiality assessment included substantial research in light of the significant, recent changes in our business and heightened stakeholder feedback about current and emerging socioeconomic and environmental trends . This research included an evaluation of global standard expectations, including the Global Reporting Initiative (GRI), the United Nations Sustainable Development Goals (SDGs), the Sustainable Accounting ENGAGING STAKEHOLDERS TO INFORM ESG PRIORITIES Understanding the perspectives of a wide range of stakeholders is critical to identifying and managing our ESG priorities. We engage with relevant stakeholders, including customers, employees, community members, suppliers, shareholders, regulators, media, analysts, and others. Engagement occurs through various channels, including face-to-face, telephone, email, social media, and surveys. Feedback is monitored and shared with relevant groups across the organization.

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