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From the Fifth Third 2020 ESG Report: Materiality Assessment

July 15, 2021 at 06:00 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

SOURCE: Fifth Third Bancorp

DESCRIPTION:

Fifth Third Bancorp recently published its 2020 ESG Report. In it, the Bank detailed the results of its comprehensive materiality assessment.

Based on the feedback received, the following topics were evaluated and prioritized according to their relative degree of importance. It is of note that all the topics listed are important to Fifth Third. The results of the materiality assessment was used to guide ESG disclosures and reporting.

HIGHEST PRIORITY:

Sustainable financial performance and business strategy
Business ethics and responsible banking
Enterprise risk management
Customer privacy and information security
Inclusion and diversity

HIGH PRIORITY:

Corporate governance guidelines and practices
Community financial and economic inclusion
Climate strategy and sustainable financing
Employee engagement and development

PRIORITY

Corporate citizenship and philanthropy
Operational sustainability
Public policy and government relations
Third-party management

More about the Bank’s materiality assessment can be found in Fifth Third Bank’s 2020 Environmental, Social and Governance Report on page 11. Fifth Third published its 2020 ESG Report on June 30, 2021.

Tweet me: .@FifthThird's 2020 #ESG Report includes a comprehensive materiality assessment highlighting the Bank's priorities to build a more sustainable future: https://bit.ly/3hRMMDA

KEYWORDS: NASDAQ: FITB, Fifth Third Bank, esg, materiality assessment