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From the Fifth Third 2020 ESG Report: ESG Actions

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

--News Direct--

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. 

View additional multimedia and more ESG storytelling from Fifth Third Bancorp on 3blmedia.com

View source version on newsdirect.com: https://newsdirect.com/news/from-the-fifth-third-2020-esg-report-esg-actions-275806256

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