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From the Fifth Third 2020 ESG Report: ESG Actions

SOURCE: Fifth Third Bancorp

DESCRIPTION:

Fifth Third reported the following ESG actions in its 2020 ESG Report (please see report online for full disclosures):

Ensuring Economic Growth

  • $18 minimum wage since 2019
  • $1,000 bonus for frontline workers during the pandemic
  • 19,872 employees
  • 52,000 fee-free ATMs
  • 150,000+ hardship requests executed
  • $12.6 million in small business lending
  • $16.3 million in mortgage lending
  • $7.4 billion in approved PPP loans

Promoting Inclusion & Diversity

  • $75.4 million supplier diversity spend
  • $2.8 billion Accelerating Racial Equality, Equity and Inclusion initiative
  • 59% Women in the workforce
  • 26% Persons of color in the workforce
  • 40% Board diversity

Investing in Our Communities

  • $378 million in impact programming
  • $14.9 million in down payment assistance
  • $395 million in Community Development Corporation projects closed
  • 51,727 hours of community service
  • 2 million meals provided
  • 2.6 million people financially educated since 2004
  • $5 million raised for United Way
  • $29.8 million in charitable donations
  • $100 million Opportunity Zones investment
  • OUTSTANDING CRA rating
  • $41.6 billion Community Commitment

Advancing Sustainability

  • $8 billion sustainable finance goal
  • 100% renewable energy achieved
  • A- CDP Leadership score
  • Joined PCAF and Ceres Company Network

Employer of Choice

  • 87% employee engagement after 90 days
  • 755,000 hours of employee training

The ESG Actions pages are part of the Bank’s full 2020 ESG Report available online

Tweet me: .@FifthThird's #ESG efforts are focused on ensuring economic growth, promoting inclusion & diversity, investing in communities, and advancing #sustainability. Learn how: https://bit.ly/3zfd1La

KEYWORDS: NASDAQ:FITB, Fifth Third Bank, esg

 

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