The report highlights Fifth Third's commitment to sustainability, focusing on generating long-term value for shareholders, customers, employees, communities, and regulators. It also highlights the company's achievements in 2020, including achieving carbon neutrality for its operations, providing over $7.4 billion in Paycheck Protection Program loans, and exceeding its original five-year $32 billion Community Commitment by approximately $9 billion, or 30%. The report also details the company's commitment to diversity, inclusion, and racial equality, including a $2.8 billion investment to accelerate racial equality and inclusion in communities, a new Executive Diversity Leadership Council, and six bold goals to achieve by 2025 to support inclusion and diversity throughout its workforce and among its suppliers. Finally, the report provides details on the company's efforts to reduce its environmental impact and transition to a sustainable future, including its commitment to purchase 100% renewable energy, its carbon neutrality goal, its efforts to manage climate risk, and its support of renewable energy lending and financing.
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Fifth Third Bancorp 2020 ESG Report
Issuing Company Fifth Third Bancorp
Report Type Sustainability Report
Report Language EN
Report Filesize 9.8 MB
No. of Pages 171 pages
Reporting periodJanuary 1, 2020-December 31, 2020
Report Edition2
Assurance Provider Unknown
Reporting Standards GRI; SASB; TCFD; others
Materiality Assessmenttrue