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