Fifth Third Named One of America’s Most JUST Companies by JUST Capital and CNBC
February 07 2024 - 9:00AM
Business Wire
The JUST 100 is the only ranking that
recognizes American corporate leadership on business issues
prioritized by the public
For a second consecutive year, Fifth Third was named to the JUST
100 list, part of JUST Capital and CNBC’s 2024 Rankings of
America’s Most JUST Companies.
Fifth Third was ranked fifth among the banks evaluated and 45th
on the JUST 100 list – 937 companies were assessed. Inclusion in
the JUST 100 is a recognition of the Bank’s commitment to its
employees, customers, communities, planet and shareholders.
“I am proud Fifth Third is again being recognized by JUST
Capital as a leader on issues that matter to our stakeholders,”
said Tim Spence, chairman, chief executive officer and president of
Fifth Third. “Over our 165-year history, we’ve focused on doing the
right thing when it comes to our shareholders, customers,
communities and one another.”
For the annual rankings, JUST Capital collects and analyzes
corporate data to evaluate the 1,000 largest public U.S. companies
across 20 issues identified through comprehensive, ongoing public
opinion research on Americans’ attitudes toward responsible
corporate behavior.
Compared to their Russell 1000 peers, companies in the JUST 100
on average:
- Pay 11.8 percentage points more of their workers a family
sustaining living wage (78.3%).
- Provide 7.2 more hours of career development
training per employee.
- Offer 2 more weeks of paid parental leave for both
primary caregivers and secondary caregivers.
- Intake 99% less water per revenue dollar.
- Emitted 42% less metric tons of CO2 per revenue
dollar.
- Used 29.6 percentage points more renewable energy as a
proportion of their total energy use.
- Have a 4% higher profit margin, 2.9% higher
return on equity, and 1.2% higher dividend
yield.
View the full 2024 Rankings of America’s Most JUST Companies and
JUST 100 List here.
About Fifth Third
Fifth Third is a bank that’s as long on innovation as it is on
history. Since 1858, we’ve been helping individuals, families,
businesses and communities grow through smart financial services
that improve lives. Our list of firsts is extensive, and it’s one
that continues to expand as we explore the intersection of
tech-driven innovation, dedicated people and focused community
impact. Fifth Third is one of the few U.S.-based banks to have been
named among Ethisphere’s World’s Most Ethical Companies® for
several years. With a commitment to taking care of our customers,
employees, communities and shareholders, our goal is not only to be
the nation’s highest performing regional bank, but to be the bank
people most value and trust.
Fifth Third Bank, National Association, is a federally chartered
institution. Fifth Third Bancorp is the indirect parent company of
Fifth Third Bank, and its common stock is traded on the NASDAQ®
Global Select Market under the symbol "FITB." Investor information
and press releases can be viewed at www.53.com.
About CNBC
CNBC is the recognized world leader in business news, providing
real-time financial market coverage and business content consumed
by more than half a billion people per month across all platforms.
The network's 15 live hours a day of news programming in North
America (weekdays from 5:00 a.m. - 8:00 p.m. ET) is produced at
CNBC's global headquarters in Englewood Cliffs, N.J., and includes
reports from CNBC News bureaus worldwide. CNBC at night features a
mix of reality programming, CNBC's highly successful series
produced exclusively for CNBC and a number of distinctive in-house
documentaries.
CNBC also offers content through its vast portfolio of digital
products such as: CNBC.com, which provides financial market news
and information to CNBC’s investor audience; CNBC Make It, a
digital destination focused on making you smarter about how you
earn, save and spend your money; CNBC PRO, a premium service that
provides in-depth access to Wall Street; a suite of CNBC mobile
apps for iOS and Android devices; Amazon Alexa, Google Assistant
and Apple Siri voice interfaces; and streaming services including
Apple TV, Roku, Amazon Fire TV, Android TV and Samsung Smart TVs.
To learn more, visit https://www.cnbc.com/digital-products/.
Members of the media can receive more information about CNBC and
its programming on the NBCUniversal Media Village Web site at
http://www.nbcumv.com/programming/cnbc. For more information about
NBCUniversal, please visit http://www.NBCUniversal.com.
About JUST Capital
The mission of JUST Capital, an independent nonprofit, is to
demonstrate how just business – defined by the priorities of the
public – is better business. Our goal is to help companies create
value for all their stakeholders – their workers, customers,
communities, the environment, and shareholders – by focusing on the
issues that matter most to Americans. To date, we’ve polled more
than 170,000 Americans on the issues they believe companies should
prioritize when it comes to just business behavior, and those
insights guide our work. We believe that business and markets can
and must be a force for the greater good and that by shifting the
resources of the $21.6 trillion private sector, we can drive
competition to build a better future for all. Our research,
rankings, indexes, initiatives, and new offerings like the JUST
Jobs Scorecard help track, analyze, incentivize, and scale
corporate stakeholder performance. JUST Capital publishes the
annual list of America’s Most JUST Companies, the JUST 100, in
partnership with CNBC. To learn more, visit:
www.JUSTCapital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240207873177/en/
Beth Oates (Media Relations) Beth.Oates@53.com | 313-230-9002
Matt Curoe (Investor Relations) Matthew.Curoe@53.com |
513-534-2345
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