The report details the company's efforts and progress related to Environmental, Social and Governance (ESG) commitments. Highlights from the report include achieving their $8 billion renewable finance goal two years ahead of schedule and expanding that goal to $100 billion through 2030. The company also launched a new $180 million Fifth Third Empowering Black Futures Neighborhood Investment Program. In addition, the company increased its minimum wage to $20 per hour, aligned ESG performance to compensation in 2022, and achieved carbon neutrality in their operations. The report also includes information on the company's commitment to diversity, equity, and inclusion, including the launch of several new initiatives and programs to advance racial equality and economic inclusion.
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Fifth Third Bancorp 2021 ESG Report
Issuing Company Fifth Third Bancorp
Report Type Sustainability Report
Report Language EN
Report Filesize 5.59 MB
No. of Pages 94 pages
Reporting periodJanuary 1, 2020-December 31, 2021
Report EditionUnknown
Assurance Provider Unknown
Reporting Standards SASB; GRI
Materiality Assessmenttrue