PROJECT

SUSTAINABILIT
Y

"Wells Fargo" account fraud scandal

Project Group 7
Introduction
• Founded in 1852 by Henry Wells and William G. Fargo in San Francisko.
• The case began in 2013 with rumors.
• In 2016, the truth behind these rumors came to fruition.
• In early 2018, the United States Federal Reserve imposed restrictions on the growth of Wells
Fargo.
Executive Summary
• Validating the growing importance of CSR.
• Wells Fargo employees were caught opening multiple false accounts.
Facts and figures of the company
• Supplier code of conduct.
• Social, Economic and Sustainability goals.
• The Stakeholders.
• Income sources.
Corporate Social Responsibility and Ethical
matters
• Competitors stance on CSR.
• Sustainable development goals.
• Global reporting initiative standards.
• Integrated reporting.
The Cross-selling case
Recommendations
• Changing the company's goal metric to something which best suits the stakeholders.
• Examining the company’s governance structure regularly
Conclusion