Ethisphere Announces Fifth Third Bank as one of the 2021 World’s Most Ethical Companies
February 23 2021 - 9:50AM
Business Wire
Recognition honors companies who understand the
importance of leading, making hard, values-based decisions, and
their overall commitment to integrity
Fifth Third Bank, National Association (Nasdaq: FITB) has been
recognized by Ethisphere, a global leader in defining and advancing
the standard of ethical business practices, as one of the 2021
World’s Most Ethical Companies. Today’s announcement marks the
second time Fifth Third has been recognized by Ethisphere in the
“banks” category. In 2021, 135 honorees were recognized spanning 22
counties and 47 industries.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210223005770/en/
Fifth Third Chairman & CEO Greg D.
Carmichael (Photo: Business Wire)
Fifth Third is a top ten U.S. regional bank whose vision is to
be the one bank that people most value and trust. The Company is
committed to doing the right thing in order to create a great
customer experience, an engaging workplace and healthy, vibrant
communities. In addition, the Bank strives to be a top quartile
performer in environmental, social and governance (ESG) leadership
and reporting. Fifth Third’s ESG Report is accessible at a
dedicated ESG site, ir.53.com/esg.
“Fifth Third strives to do well by doing good,” said Chairman
and CEO Greg Carmichael. “We are deeply committed to the success
and well-being of our customers, employees, communities and
shareholders, especially during today’s challenging times. We’re
proud to have been a leader in offering hardship relief programs
through the pandemic. We’ve made a new, three-year, $2.8 billion
commitment to accelerate racial equality, and we surpassed the $32
billion Community Commitment that we announced in 2016. We also
continued our environmental sustainability leadership by achieving
carbon neutrality in 2020. All of this said and done, we know
there’s much work to do and we are steadfast in our resolve to
continue to be a good corporate citizen for the betterment of
all.”
“While addressing the tough challenges of 2020, we saw companies
lead – above all other institutions – on earning the trust of
stakeholders through resilience and a commitment to ethics and
integrity,” said Ethisphere CEO, Timothy Erblich. “The
World’s Most Ethical Companies honorees continue to demonstrate an
unwavering commitment to the highest values and positively
impacting the communities they serve. Congratulations to everyone
at Fifth Third for earning the World’s Most Ethical Companies
designation.”
Ethics & Performance
According to Ethisphere’s Ethics Index, the publicly listed 2021
World’s Most Ethical Companies honorees outperformed a comparable
index of large cap companies by 7.1 percentage points from January
2016 to January 2021.
Methodology & Scoring
Grounded in Ethisphere’s proprietary Ethics Quotient®, the
World’s Most Ethical Companies assessment process includes more
than 200 questions on culture, environmental and social practices,
ethics and compliance activities, governance, diversity and
initiatives to support a strong value chain. The process serves as
an operating framework to capture and codify the leading practices
of organizations across industries and around the globe.
This year, the process was streamlined and question set expanded
to gauge how applicants are adapting and responding to the global
health pandemic, environmental, social, and governance factors,
safety, equity, and inclusion and social justice.
Honorees
The full list of the 2021 World's Most Ethical Companies can be
found at https://worldsmostethicalcompanies.com/honorees.
About Fifth Third Bank
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio and the indirect parent company
of Fifth Third Bank, National Association, a federally chartered
institution. As of Dec. 31, 2020, Fifth Third had $205 billion in
assets and operated 1,134 full-service banking centers and 2,397
ATMs with Fifth Third branding in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia,
North Carolina and South Carolina. In total, Fifth Third provides
its customers with access to approximately 52,000 fee-free ATMs
across the United States. Fifth Third operates four main
businesses: Commercial Banking, Branch Banking, Consumer Lending
and Wealth & Asset Management. Fifth Third is among the largest
money managers in the Midwest and, as of Dec. 31, 2020, had $434
billion in assets under care, of which it managed $54 billion for
individuals, corporations and not-for-profit organizations through
its Trust and Registered Investment Advisory businesses. 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.
Deposit and Credit products are offered by Fifth Third Bank,
National Association. Member FDIC.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and
advancing the standards of ethical business practices that fuel
corporate character, marketplace trust and business success.
Ethisphere has deep expertise in measuring and defining core ethics
standards using data-driven insights that help companies enhance
corporate character and measure and improve culture. Ethisphere
honors superior achievement through its World’s Most Ethical
Companies recognition program and provides a community of industry
experts with the Business Ethics Leadership Alliance (BELA). More
information about Ethisphere can be found at:
https://ethisphere.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210223005770/en/
Stacie Haas Stacie.Haas@53.com Fifth Third Bank
Ethisphere Media Clea Nabozny clea.nabozny@ethisphere.com
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From Aug 2024 to Sep 2024
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From Sep 2023 to Sep 2024