The report highlights Fifth Third's commitment to sustainability, with a focus on accelerating racial equality, equity, and inclusion, building strong communities, and promoting environmental responsibility. Key achievements in 2022 include exceeding its $2.8 billion commitment for its Accelerating Racial Equality, Equity, and Inclusion initiative, receiving an ""Outstanding"" rating on its Community Reinvestment Act performance examination, and achieving its five-year operational sustainability goals set in 2017. The report also details the Bank's commitment to climate change mitigation, including its climate risk management strategy, its 100% renewable power purchase agreement, its carbon neutrality in operations, and its sustainability-linked loans and green bonds.
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Fifth Third Bancorp 2022 Sustainability Report
Issuing Company Fifth Third Bancorp
Report Type Sustainability Report
Report Language EN
Report Filesize 11.51 MB
No. of Pages 112 pages
Reporting periodJanuary 1, 2020-December 31, 2020
Report EditionUnknown
Assurance Provider Unknown
Reporting Standards GRI; SASB; TCFD; others
Materiality Assessmenttrue