MANAGEMENT APPROACH, POLICY

Wachovia recognizes the importance of supplier diversity and is committed to ensuring that it is an integral part of our global supply chain sourcing and procurement processes.  To integrate supplier diversity into all purchasing activities we focus on the following areas:

Partnership Development

• Providing leadership that supports supplier diversity as it shifts to a competitive asset in a performance-based business environment.
• Enhancing the economic vibrancy of the communities served by Wachovia by collaborating with the Lines of Business and external organizations.
• Focusing our efforts toward critical business issues represented by customer requirements.

Education and Awareness

• Assisting minority- and women-owned businesses in becoming competitive performance leaders in their industries.
• Creating programs and business models that offer technical assistance, capacity building and business development to minority- and women-owned businesses.

Measurement and Accountability

• Supporting sourcing of services and goods from minority- and women-owned businesses.
• Monitoring program effectiveness through performance goals and feedback sessions with Wachovia and community leaders.

Our policy of encouraging and assisting minority-owned and women-owned enterprises is a reflection of Wachovia's commitment to diversity and the communities where we work and live.

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