Fifth Third Bank’s 2020 ESG Report Wins 5 MarCom Awards

Fifth Third Bank’s 2020 Environmental, Social and Governance Report, which was published in June, earned five MarCom Awards. The report specifically won platinum awards, the highest honor possible, in three categories: annual reports (corporate social responsibility), annual reports (writing) and annual reports (design). It also earned gold recognition for interior design and an honorable mention for cover design.

The MarCom Awards are an annual competition that honors excellence in marketing and communication. The awards are administered by the Association of Marketing and Communication Professionals.

“This recognition of our 2020 ESG report speaks volumes not only about the quality and workmanship that went into the report itself by our communications, investor relations and marketing teams, but also speaks to our ESG actions, which have become an integral part of who we are as a company,” Greg D. Carmichael, chairman and CEO of Fifth Third Bank, said. “Collectively, all of us at Fifth Third are focused on doing well by doing good and delivering long-term sustainable value to all of our stakeholders.”

Fifth Third’s 2020 ESG report featured key ESG actions, including the bank achieving carbon neutrality for its Scope 1, Scope 2 and Scope 3 business travel emissions; joining the partnership for Carbon Accounting Financials and the Ceres Company Network; delivering $41.6 billion under its five-year community commitment; announcing $2.8 billion to fund its accelerating racial equity, equality and inclusion initiative and $75.4 million in spending with diverse suppliers; and being named again by Ethisphere as one of the world’s most ethical companies while reporting that 40% of the company’s directors are from historically underrepresented groups.

Since the publication of the 2020 report, Carmichael was named Responsible CEO of the Year for Community Impact by 3BL Media. In addition, Fifth Third settled the issuance of its inaugural $500 million green bond, appointed its first climate risk officer and announced a $180 million neighborhood investment program through which Fifth Third will invest up to $20 million in nine neighborhoods across its 11-state footprint.

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