Fifth Third Bancorp Publishes 2016 Corporate Social Responsibility Report
April 10 2017 - 12:41PM
Business Wire
Community Commitment First-Year Results,
Employee Demographic Data Included
Fifth Third Bancorp (NASDAQ: FITB) has published its 2016 annual
report on corporate social responsibility (CSR). An interactive and
responsive report can be accessed at https://www.53.com/csrreport/.
Reports printed on recycled paper also are available in limited
quantities.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170410005980/en/
Fifth Third Bancorp 2016 CSR Report Cover
(Photo: Business Wire)
“Fifth Third Bank’s commitment to good citizenship is tangible.
It is defined, articulated and communicated in our 2016 CSR Report
to help hold us accountable to the people and communities we
serve,” said Brian Lamb, executive vice president and chief
corporate social responsibility and reputation officer. “We are
pleased to have worked so closely, and with so many across our
footprint, to live the commitment to strong citizenship. It’s what
building a better kind of bank is all about—the kind of bank that
fundamentally improves the lives of customers and the wellbeing of
communities.”
Fifth Third’s 2016 CSR Report includes the first year results of
its $30 billion community commitment, which covers the years 2016
through 2020, and provides supporting detail of its lending,
investment and service progress under the Commitment.
The report also includes feature stories about Fifth Third
Impact Programming, including its $19.1 million in community
donations, expansions in hiring for both its mortgage and small
business units, and progress toward financially empowering people
at all ages and stages of life.
Further, the CSR Report discloses, for the first time, Fifth
Third’s employee demographic data. Fifth Third is proud to be among
the first regional banks to publicly share the data. The report
also notes the demographic data of its Board of Directors for easy
accessibility.
The CSR Report is organized into five sections, which represent
constituencies of the Bank: Consumers, Communities, Businesses,
Employees and the Planet.
Consumers
Fifth Third Bank believes that lives are improved when
individuals have easy access to traditional banking products and
services, have the knowledge and tools they need to make financial
decisions, and are empowered to actively manage their financial
lives. Fifth Third educated 3,700 community members through its
Empower U® program, and offered its Young Bankers Club® in all of
its Consumer Bank markets for the first time. Fifth Third also
signed a multi-year contract with EverFi, Inc., to create a new
financial education and entrepreneurship course for high school
students.
Communities
The Fifth Third Community Development Corporation invested more
than $188 million in affordable housing, small business and
historic preservation projects in 2016. It also made $19.1 million
in philanthropic donations to improve lives in the community. Fifth
Third Bank is fully committed to meeting the needs of all the
communities it serves. It embraces its obligations to invest in and
serve its communities and believes that building strong communities
builds a stronger bank.
Businesses
Fifth Third made $1.96 billion in small business loans in 2016,
including $138.7 million in SBA loans. Fifth Third made a $465,000
grant to the Accion U.S. Network to support lending to undeserved
small businesses in Illinois, Indiana, Florida, Michigan and
Ohio.
Employees
Fifth Third expanded medical coverage for additional services
like autism services and infertility treatments, and laid the
groundwork for an expanded parental leave program for Fifth Third
employee parents. The Company also made plans for its new Maternity
Concierge program. Fifth Third believes its success is entirely
attributable to the team of employees, shareholders, board members
and community partners who work together to fulfill the Bank’s
Purpose to improve the lives of the individuals and communities it
serves.
Environment
Fifth Third launched a significant LED lighting retrofit
program, commenced implementation of the new OurWorkplace open
office standard and made organizational changes that will
accelerate progress in the years ahead. Fifth Third is working to
drive sustainability into its corporate culture, increase employee
engagement and create value for the customers and the communities
it serves.
For more information about the CSR Report, please visit
https://www.53.com/csrreport/.
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of December 31, 2016, the
Company had $142 billion in assets and operates 1,191 full-service
Banking Centers, including 94 Bank Mart® locations, most open seven
days a week, inside select grocery stores and 2,495 ATMs in Ohio,
Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West
Virginia, Georgia and North Carolina. Fifth Third operates four
main businesses: Commercial Banking, Branch Banking, Consumer
Lending, and Wealth & Asset Management. Fifth Third also has an
18.3% interest in Vantiv Holding, LLC. Fifth Third is among the
largest money managers in the Midwest and, as of December 31, 2016,
had $315 billion in assets under care, of which it managed $31
billion for individuals, corporations and not-for-profit
organizations. Investor information and press
releases can be viewed at www.53.com. Fifth Third’s
common stock is traded on the NASDAQ® Global Select Market under
the symbol “FITB.” Fifth Third Bank was established in 1858. Member
FDIC, Equal Housing Lender.
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Fifth Third BancorpStacie Haas, (513) 534-5113
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