{"id":508367,"date":"2021-06-30T11:14:07","date_gmt":"2021-06-30T15:14:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-publishes-2020-environmental-social-and-governance-report\/"},"modified":"2021-06-30T11:14:07","modified_gmt":"2021-06-30T15:14:07","slug":"fifth-third-publishes-2020-environmental-social-and-governance-report","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-publishes-2020-environmental-social-and-governance-report\/","title":{"rendered":"Fifth Third Publishes 2020 Environmental, Social and Governance Report"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Fifth Third Publishes 2020 Environmental, Social and Governance Report<\/b><\/p>\n<p class=\"bwalignc\"><i>Report demonstrates how Fifth Third lives its purpose and affirms commitment to customers, communities, employees, shareholders and regulators<\/i><\/p>\n<p>CINCINNATI&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nFifth Third Bancorp (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.nasdaq.com%2Fmarket-activity%2Fstocks%2Ffitb&amp;esheet=52453703&amp;newsitemid=20210630005738&amp;lan=en-US&amp;anchor=Nasdaq%3A+FITB&amp;index=1&amp;md5=b88a70e9b4e8e6b0b41404c3eba25cbd\">Nasdaq: FITB<\/a>) today published its <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.53.com%2Fcontent%2Fdam%2Ffifth-third%2Fdocs%2Freports%2Fesg-report.pdf&amp;esheet=52453703&amp;newsitemid=20210630005738&amp;lan=en-US&amp;anchor=2020+Environmental%2C+Social+and+Governance+Report&amp;index=2&amp;md5=85f1ff89af99d5d85371e18fce33202e\">2020 Environmental, Social and Governance Report<\/a>, highlighting its commitment to doing well by doing good. The 2020 report further describes actions taken to generate long-term sustainable value for all Fifth Third stakeholders. It follows Fifth Third\u2019s inaugural report, published in September 2020.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210630005738\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210630005738\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210630005738\/en\/888907\/4\/Cover_page_graphic.jpg\" alt=\"Fifth Third Bancorp has published its 2020 Environmental, Social and Governance Report.\" \/><\/p>\n<p style=\"font-size:85%\">Fifth Third Bancorp has published its 2020 Environmental, Social and Governance Report.<\/p>\n<\/div>\n<p>\n\u201cThe 2020 ESG Report is an opportunity to discuss the progress on our ESG efforts and to demonstrate the multiple ways we live our purpose to improve lives and the well-being of our communities,\u201d said Greg D. Carmichael, chairman and CEO, Fifth Third Bancorp. \u201cWe continue to expand our voluntary reporting and increase the transparency of our ESG actions and impact as we continually strive to be the Bank that people most value and trust.\u201d\n<\/p>\n<p>\nThe contents of the ESG Report are benchmarked against established reporting frameworks such as the Global Reporting initiative, Sustainability Accounting Standards Board (now the Value Reporting Foundation), Task Force on Climate-related Financial Disclosures and World Economic Forum\u2019s Stakeholder Capitalism Metrics. The Bank also aligns to 12 United Nations Sustainable Development Goals. The report\u2019s data covers the 2020 calendar year unless otherwise noted, and the narrative includes updates through June 30, 2021, where possible.\n<\/p>\n<p>\nThe ESG Report includes the following key highlights:\n<\/p>\n<p><b>Environmental:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nBecoming the first regional U.S. commercial bank to achieve carbon neutrality for its Scope 1, Scope 2 and Scope 3 business travel emissions.\n<\/li>\n<li>\nAchieving $5.4 billion in sustainable financing against 2025 goal of $8 billion, which was announced in 2020.\n<\/li>\n<li>\nEarning an A- Leadership Band rating from the CDP for the second consecutive year.\n<\/li>\n<li>\nJoining the Partnership for Carbon Accounting Financials and the Ceres Company Network.\n<\/li>\n<\/ul>\n<p><b>Social: <\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nDelivering $41.6 billion in community lending and investments under the Bank\u2019s five-year Community Commitment, exceeding the $32 billion goal.\n<\/li>\n<li>\nSetting six bold goals to support inclusion and diversity throughout our workforce and suppliers to be achieved by 2025.\n<\/li>\n<li>\nAnnouncing a $2.8 billion Accelerating Racial Equity, Equality and Inclusion Initiative encompassing the communities we serve, employees and businesses.\n<\/li>\n<li>\nAchieving a 19% year-over-year increase \u2013 to $75.4 million in 2020 \u2013 in spending with diverse suppliers.\n<\/li>\n<li>\nFacilitating $7.4 billion in Small Business Administration Paycheck Protection Program, or PPP, loans and executing more than 150,000 hardship requests during the COVID-19 pandemic.\n<\/li>\n<li>\nProviding $29.8 million in philanthropy in 2020.\n<\/li>\n<li>\nExpanding employee demographic disclosures, as well as gender and minority pay equity ratios.\n<\/li>\n<\/ul>\n<p><b>Governance:<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nBeing named again by Ethisphere as one of the world\u2019s most ethical companies, one of only five banks in the world to be so recognized.\n<\/li>\n<li>\nReporting 40% diversity among the Company\u2019s directors by ethnicity or gender.\n<\/li>\n<li>\nEstablishing an ESG Committee accountable to the Nominating and Corporate Governance Committee of the Board of Directors.\n<\/li>\n<\/ul>\n<p>\nFifth Third\u2019s <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.53.com%2Fcontent%2Fdam%2Ffifth-third%2Fdocs%2Freports%2Fesg-report.pdf&amp;esheet=52453703&amp;newsitemid=20210630005738&amp;lan=en-US&amp;anchor=2020+ESG+Report&amp;index=3&amp;md5=d2085fe6a121ba275e83fc0bb05d8b7a\">2020 ESG Report<\/a> and all related policies, procedures and programs are available on the Bank\u2019s <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fir.53.com%2Fesg%2Fdefault.aspx&amp;esheet=52453703&amp;newsitemid=20210630005738&amp;lan=en-US&amp;anchor=ESG+site&amp;index=4&amp;md5=da9b6dd5a9813105d8b9f1bcb608cd9a\">ESG site<\/a>.\n<\/p>\n<p><b><span class=\"bwuline\">About Fifth Third<\/span><\/b><\/p>\n<p>\nFifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of March 31, 2021, Fifth Third had $207 billion in assets and operated 1,098 full-service banking centers and 2,383 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides its customers with access to approximately 53,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth &amp; Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2021, had $464 billion in assets under care, of which it managed $58 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.53.com&amp;esheet=52453703&amp;newsitemid=20210630005738&amp;lan=en-US&amp;anchor=www.53.com&amp;index=5&amp;md5=5ba3fccae18a8c37573ad5ed6514cb63\">www.53.com<\/a>. Fifth Third\u2019s common stock is traded on the Nasdaq<sup>\u00ae<\/sup> Global Select Market under the symbol \u201cFITB.\u201d Fifth Third Bank was established in 1858. Deposit and Credit products are offered by Fifth Third Bank, National Association. Member FDIC.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210630005738r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210630005738\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210630005738\/en\/<\/a><\/span><\/p>\n<p>\nStacie Haas (Media Relations)<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Stacie.Haas@53.com\">Stacie.Haas@53.com<\/a> | 513-534-5113<\/p>\n<p>Michael Faillo (Investor Relations)<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Michael.Faillo@53.com\">Michael.Faillo@53.com<\/a> | 513-534-0478\n<\/p>\n<p><b>KEYWORDS:<\/b> Ohio United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Environment Other Philanthropy Professional Services Philanthropy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210630005738\/en\/606981\/3\/53_2c_Stacked.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210630005738\/en\/888907\/3\/Cover_page_graphic.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Fifth Third Bancorp has published its 2020 Environmental, Social and Governance Report.<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Fifth Third Publishes 2020 Environmental, Social and Governance Report Report demonstrates how Fifth Third lives its purpose and affirms commitment to customers, communities, employees, shareholders and regulators CINCINNATI&#8211;(BUSINESS WIRE)&#8211; Fifth Third Bancorp (Nasdaq: FITB) today published its 2020 Environmental, Social and Governance Report, highlighting its commitment to doing well by doing good. The 2020 report further describes actions taken to generate long-term sustainable value for all Fifth Third stakeholders. It follows Fifth Third\u2019s inaugural report, published in September 2020. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210630005738\/en\/ Fifth Third Bancorp has published its 2020 Environmental, Social and Governance Report. \u201cThe 2020 ESG Report is an opportunity to discuss the progress on our ESG efforts and to demonstrate &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-publishes-2020-environmental-social-and-governance-report\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Fifth Third Publishes 2020 Environmental, Social and Governance Report&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-508367","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fifth Third Publishes 2020 Environmental, Social and Governance Report - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-publishes-2020-environmental-social-and-governance-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fifth Third Publishes 2020 Environmental, Social and Governance Report - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Fifth Third Publishes 2020 Environmental, Social and Governance Report Report demonstrates how Fifth Third lives its purpose and affirms commitment to customers, communities, employees, shareholders and regulators CINCINNATI&#8211;(BUSINESS WIRE)&#8211; Fifth Third Bancorp (Nasdaq: FITB) today published its 2020 Environmental, Social and Governance Report, highlighting its commitment to doing well by doing good. The 2020 report further describes actions taken to generate long-term sustainable value for all Fifth Third stakeholders. It follows Fifth Third\u2019s inaugural report, published in September 2020. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210630005738\/en\/ Fifth Third Bancorp has published its 2020 Environmental, Social and Governance Report. \u201cThe 2020 ESG Report is an opportunity to discuss the progress on our ESG efforts and to demonstrate &hellip; Continue reading &quot;Fifth Third Publishes 2020 Environmental, Social and Governance Report&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-publishes-2020-environmental-social-and-governance-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-30T15:14:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20210630005738\/en\/888907\/4\/Cover_page_graphic.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-publishes-2020-environmental-social-and-governance-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-publishes-2020-environmental-social-and-governance-report\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Fifth Third Publishes 2020 Environmental, Social and Governance Report\",\"datePublished\":\"2021-06-30T15:14:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-publishes-2020-environmental-social-and-governance-report\\\/\"},\"wordCount\":759,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-publishes-2020-environmental-social-and-governance-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20210630005738\\\/en\\\/888907\\\/4\\\/Cover_page_graphic.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-publishes-2020-environmental-social-and-governance-report\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fifth-third-publishes-2020-environmental-social-and-governance-report\\\/\",\"name\":\"Fifth Third Publishes 2020 Environmental, Social and Governance Report - 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The 2020 report further describes actions taken to generate long-term sustainable value for all Fifth Third stakeholders. It follows Fifth Third\u2019s inaugural report, published in September 2020. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210630005738\/en\/ Fifth Third Bancorp has published its 2020 Environmental, Social and Governance Report. \u201cThe 2020 ESG Report is an opportunity to discuss the progress on our ESG efforts and to demonstrate &hellip; Continue reading \"Fifth Third Publishes 2020 Environmental, Social and Governance Report\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-publishes-2020-environmental-social-and-governance-report\/","og_site_name":"Market Newsdesk","article_published_time":"2021-06-30T15:14:07+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20210630005738\/en\/888907\/4\/Cover_page_graphic.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-publishes-2020-environmental-social-and-governance-report\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-publishes-2020-environmental-social-and-governance-report\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Fifth Third Publishes 2020 Environmental, Social and Governance Report","datePublished":"2021-06-30T15:14:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-publishes-2020-environmental-social-and-governance-report\/"},"wordCount":759,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-publishes-2020-environmental-social-and-governance-report\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20210630005738\/en\/888907\/4\/Cover_page_graphic.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-publishes-2020-environmental-social-and-governance-report\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/fifth-third-publishes-2020-environmental-social-and-governance-report\/","name":"Fifth Third Publishes 2020 Environmental, Social and Governance Report - 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