Fifth Third Surpasses Commitments to Communities, Environment in 2023
2024年7月1日 - 10:43PM
ビジネスワイヤ(英語)
Annual Sustainability Report highlights Fifth
Third’s progress toward sustainability priorities
In pursuit of its goal to be the one bank people most value and
trust, Fifth Third surpassed its commitments to the communities it
serves and to the environment last year, according to its
recently-published 2023 Sustainability Report.
In 2023, Fifth Third outperformed its commitment to accelerating
equity and inclusion, supporting communities with a history of
disinvestment, and financing affordable housing. Fifth Third also
made considerable progress toward its priorities in environmental
and social finance and supplier diversity.
“Our sustainability priorities are guided by our intention to
provide leadership across a range of critical, interconnected
issues,” said Executive Vice President and Chief Corporate
Responsibility Officer Kala Gibson. “At our core, we are a
relational company, which means our success begins and ends with
personal connection—how we interact with our shareholders, our
customers, our communities and each other. We’re applying our head,
heart and hustle to make an impact and drive positive change across
our footprint.”
Fifth Third’s 2023 Sustainability Report provides an update on
the company’s progress against its five corporate responsibility
and sustainability priorities: strengthening our communities,
promoting inclusion, delivering on the Bank’s commitment to
employees, keeping the customer at the center, and addressing
climate change.
“Our approach to corporate sustainability is rooted in our
purpose: to improve the lives of our customers and the well-being
of communities,” said Chief Sustainability Officer Pratik Raval.
“We believe in the philosophy of doing well by doing good and
focusing on generating long-term sustainable value for our
stakeholders, including shareholders, customers, employees,
communities and regulators.”
Highlights of Fifth Third’s actions include:
- Surpassed its $2.8 billion commitment to the Accelerating
Racial Equity, Equality and Inclusion (AREEI) initiative, which
provides underserved communities with funding for strategic
investments, access to capital, economic inclusion, and financial
education.
- Delivered $199.1 million through its Neighborhood Investment
Program, surpassing the original $180 million financial commitment
in the second year of the three-year program. Fifth Third is
extending technical assistance for the program to a fourth year to
ensure the work done in the nine historically disinvested
neighborhoods is sustainable. Fifth Third’s innovative approach
focuses on place-based collaboration, with local community
organizations driving the work, and collaborating with Fifth Third
as a partner and catalyst to execute the community’s vision.
- Funded a total of $734 million in Community Development Banking
loans or investments, achieving 160% of the program’s commitment.
This created 3,684 units of affordable housing last year, many that
provided homes to low- and moderate-income individuals and families
and allowed senior citizens to age in place.
- Increased Tier 1 and Tier 2 spend with diverse suppliers to
$189.2 million last year. Fifth Third’s spending with Tier 1
diverse suppliers has grown by more than 1,500% since 2014, and its
program was named “Best of the Decade” by Minority and
Multicultural Business News.
- Achieved 37.6% toward its target of $100 billion in
environmental and social finance by 2030. This included $1.3
billion in lending and capital-raising for renewable energy
projects in 2023 alone. Fifth Third also continued to make progress
towards its operational sustainability priorities, including 100%
renewable power purchase and offsetting all GHG emissions from its
operations.
- Invested time and resources to support communities. In 2023,
Fifth Third employees spent 110,697 hours volunteering in their
communities, and the Bank’s philanthropic giving totaled $35.3
million.
Fifth Third’s corporate responsibility and sustainability
efforts were recognized by several leading national organizations
in 2023, including: Ethisphere’s World’s Most Ethical Companies;
JUST 100: America’s Most Just Companies; Newsweek’s America’s Most
Responsible Companies; Forbes’ Best Employers for Diversity; and a
100% rating on the Corporate Equality Index.
As part of the bank’s commitment to provide transparency and
data aligned to industry standards for all its stakeholders, Fifth
Third has published its sustainability data in conjunction with the
2023 Sustainability Report, including the GRI Index, the SASB Index
and the Stakeholder Capitalism Metrics index. The data is publicly
available on Fifth Third’s Investor Relations website.
About Fifth Third
Fifth Third is a bank that’s as long on innovation as it is on
history. Since 1858, we’ve been helping individuals, families,
businesses and communities grow through smart financial services
that improve lives. Our list of firsts is extensive, and it’s one
that continues to expand as we explore the intersection of
tech-driven innovation, dedicated people and focused community
impact. Fifth Third is one of the few U.S.-based banks to have been
named among Ethisphere’s World’s Most Ethical Companies® for
several years. With a commitment to taking care of our customers,
employees, communities and shareholders, our goal is not only to be
the nation’s highest performing regional bank, but to be the bank
people most value and trust.
Fifth Third Bank, National Association is a federally chartered
institution. Fifth Third Bancorp is the indirect parent company of
Fifth Third Bank and its common stock is traded on the NASDAQ®
Global Select Market under the symbol "FITB." Investor information
and press releases can be viewed at www.53.com. Deposit and credit
products provided by Fifth Third Bank, National Association. Member
FDIC.
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version on businesswire.com: https://www.businesswire.com/news/home/20240701364697/en/
Amanda Nageleisen (Media Relations) amanda.nageleisen@53.com
Matt Curoe (Investor Relations) matt.curoe@53.com |
513-534-2345
Fifth Third Bancorp (NASDAQ:FITB)
過去 株価チャート
から 9 2024 まで 10 2024
Fifth Third Bancorp (NASDAQ:FITB)
過去 株価チャート
から 10 2023 まで 10 2024