Wells Fargo Enterprise Global Services wins 2017 HYSEA Corporate Social Responsibility Award for Community Development
Wells Fargo Enterprise Global Services has recently won the CSR Award for Community Development at the Hyderabad Software Enterprises Association (HYSEA) annual summit. The award was in recognition of the company’s effort to provide support to more than 3,000 beneficiaries in 10 educational institutions across Hyderabad and Bengaluru.
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Wells Fargo Enterprise Global Services wins 2017 HYSEA CSR award (Photo: Business Wire)
“It’s an honor for Wells Fargo to win this award,” said Prakriti Panwar, head of corporate sustainability, Wells Fargo EGS. “This industry recognition reinforces the belief that our organizational focus and volunteer effort in creating social impact is heading in the right direction,” she added.
Wells Fargo believes that education is the building block of society. By focusing on the education of underprivileged youth, families can move from poverty toward economic self-sufficiency and financial freedom. Wells Fargo partners with non-government organizations (NGOs) to intervene at multiple points of the educational journey, with programs that define the holistic approach and strategy to reach children in all age groups, from pre-primary to higher education. Wells Fargo also helps provide support for vocational training and skill development for adults to improve their livelihood.
With a core committee of 20 team members coordinating various company CSR activities, and more than 3,000 active volunteers across Hyderabad, Bengaluru, and Chennai, who put in more than 38,000 hours in 2016, Wells Fargo is wholly committed to playing an active role in the communities where our team members live and work.
The nature of Wells Fargo support depends on the needs of the school and the domain expertise of the NGO partner. Generally, each initiative falls within one of six categories: school infrastructure, quality of teachers and teaching tools, parents’ and children’s attitudes toward education and its benefits, education toward making the children ‘world ready,’ continuity of education, health and general well-being.
Engagement highlights in the field of education
Through the Teach for India initiative in Bengaluru, Wells Fargo has supported five teachers and classrooms impacting 200 children.
In partnership with NASSCOM Foundation National Digital Literacy Missions, Wells Fargo introduced a computer literacy program in KR Puram, Bengaluru, reaching close to 1,000 community members.
In Kothaguda government high school, Hyderabad, Wells Fargo helped to institute an Accelerated Learning Program through their NGO partner, Nirmaan, to teach children in grades six to eight about Mathematics and English concepts using arts and crafts. In just one year, 85% of students in this program moved up two grade levels from where they began.
Wells Fargo partnered with Meghashala, an NGO specialized in educational videos that can be used in place of formal lessons, to enable schools to move from teacher-led to student-led curriculum.
Wells Fargo also supported health and hygiene initiatives in beneficiary schools, including breakfast programs, health camps, and sponsoring janitor services.
Wells Fargo also supports schools in other ways, such as financing the construction of lavatories, libraries, and computer labs. With Wells Fargo’s assistance, a three-storey classroom building was constructed in Hafeezpet government school, Hyderabad.
Together, we make better possible
Team member engagement is a large component of Wells Fargo’s community service agenda. In 2016, Wells Fargo volunteers in India rendered over 38,000 volunteer hours, a 23% increase compared to last year. At the beneficiary schools, Wells Fargo employees volunteer several times a year and develop relationships with both the parents and the students, encouraging them to stay committed to children’s schooling. Before the beginning of every school year, Wells Fargo donates school bags containing necessary supplies such as stationery and water bottles. The bags are then distributed by team member volunteers across schools identified by the NGO partners.
Team members also volunteer to bring students on field trips outside of school, such as to the zoo or to the Wells Fargo office. Every year, an inter-school competition sponsored by Wells Fargo and organized by Youth for Sewa, an NGO partner, opens a platform for beneficiary school students to showcase their talent and become ‘world ready.’ This event is considered the highlight of the students’ school year and is eagerly anticipated by all involved.
About Wells Fargo Enterprise Global Services (EGS) – India
Wells Fargo Enterprise Global Services (EGS) is a critical component of Wells Fargo’s (Wells Fargo Bank, N.A.) strategy to leverage distinct advantages in doing business in a global environment. Wells Fargo EGS – India (Wells Fargo India Solutions Private Limited and Wells Fargo International Services Private Limited) is primarily an extension of the technology, operations, knowledge services, and corporate support teams of Wells Fargo. It engages in application development and support, testing, other technology functions, international operations, knowledge support, and middle and back-end banking process solutions for a wide spectrum of Wells Fargo’s needs. The entities currently have more than 9500 team members across their offices in Hyderabad, Bengaluru, and Chennai.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
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