2021 Environmental, Social, and Governance Report
Fifth Third Bank is proud to release our 2021 Environmental, Social, and Governance (ESG) Report, which provides updates and progress reports on the Company’s five Board-approved ESG Priorities: addressing climate change, promoting inclusion and diversity, delivering on our commitment to employees, keeping the customer at the center, and strengthening our communities.
Read the 2021 report and messages from Fifth Third’s Greg D. Carmichael and Timothy N. Spence as well as the Board of Directors.
Fifth Third’s approach to sustainability is focused on generating long-term value for our stakeholders, including customers, employees, communities, investors and regulators. This focus is aligned with our vision and guided by our core values and strategic actions. Our 2021 ESG Report aims to provide transparency into how we activate our purpose: to improve the lives of our customers and the well-being of our communities.
Fifth Third’s efforts in ESG were recognized between Jan. 1, 2021 through June 30, 2022. The Bank’s efforts were affirmed by third-party organizations, including Ethisphere, which included Fifth Third among the world’s most ethical companies and Forbes’ recognition of Fifth Third as one of the best employers for diversity.
Fifth Third’s ESG Committee identified and the Board of Directors approved five ESG priorities for the Company. These charts show the performance metrics tracked and progress made on each of the five. Fifth Third five ESG priorities are: addressing climate change, promoting inclusion and diversity, delivering on our commitment to employees, keeping the customer at the center and strengthening our communities.
The Economic section of the 2021 ESG Report includes corporate and economic profile, sustainable financial performance and business strategy, markets served, responsible banking, serving customers and a progress report on our Company’s efforts to accelerate racial equality, equity and inclusion.
The Environment section of the ESG Report includes climate strategy, the transition to a sustainable future, climate risk management, operational sustainability and environmental data. It provides information about the Bank’s achievement of its $8 billion sustainable finance goal, its $100 billion environmental and social finance target, and new 2030 operational sustainability goals.
The Social section features the Company’s efforts to advance inclusion and diversity, our employees and the communities we serve, including progress made in the areas of financial and economic inclusion, financial education, access and stability, and corporate citizenship and philanthropy.
The Governance section of the 2021 ESG Report includes corporate governance, business ethics, public policy and government relations, enterprise risk management, customer privacy and information security, and third-party management.