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.
KEYWORDS: NASDAQ: FITB, Fifth Third Bank, esg
