CINCINNATI–(BUSINESS WIRE)–Fifth Third Bank, National Association (Nasdaq: FITB) was recognized today by Ethisphere, a global leader in setting and promoting the standard of ethical business practices, as one of the World’s Most Ethical Companies. world in 2022. Today’s announcement marks the third time Fifth Third has been recognized by Ethisphere in the banking category. In 2022, 136 winners were recognized, spanning 22 countries and 45 industries.
Fifth Third is a top 10 regional US bank with a vision to be the bank people value and trust most. The Company is committed to doing what it takes to create an excellent customer experience, maintain an engaging workplace, and contribute to healthy and vibrant communities. In addition, the Bank strives to be top quartile in environmental, social and governance leadership and reporting – known as ESG.
“Fifth Third is proud to have been named one of the World’s Most Ethical Companies by Ethisphere for the third time,” said Greg Carmichael, President and CEO of Fifth Third. “Being consistently recognized is a testament to the hard work of our employees and demonstrates our Bank’s commitment to advancing sustainability and doing well by doing good for all of our stakeholders.”
“We know the journey to becoming the best corporate citizen possible is underway,” Carmichael continued. “Our recent efforts include the innovative $180 million Fifth Third Empowering Black Futures Neighborhood program, which injects up to $20 million into nine neighborhoods, and we are nearing the funding goal three years ahead of schedule. sustainable $8 billion that we have set ourselves. 2020 while achieving record financial performance for our shareholders.
“Today, business leaders face their greatest mandate yet to be ethical, responsible and trustworthy to drive positive change,” said Timothy Erblich, CEO of Ethisphere. “We continue to be inspired by the winners of the World’s Most Ethical Companies and their dedication to integrity, sustainability, governance and community. Congratulations to Fifth Third Bank for earning the title of World’s Most Ethical Companies.
Ethics & Performance
According to Ethisphere’s Ethics Index, publicly traded winners of the World’s Most Ethical Companies in 2022 have outperformed a comparable index of large-cap companies by 24.6 percentage points over the past five calendar years.
Methodology and scoring
Based on 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 chain of solid value. The process serves as an operational framework to capture and codify best practices from organizations across industries and around the world.
The full list of the 2022 World’s Most Ethical Companies is available at worldsmostethicalcompanies.com/honorees.
About the fifth third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent of Fifth Third Bank, National Association, a federally chartered institution. As of December 31, 2021, Fifth Third had $211 billion in assets and operated 1,117 full-service banking centers and 2,322 branded ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third offers its customers access to approximately 54,000 free ATMs across the United States. Fifth Third operates four primary businesses: commercial banking, branch banking, consumer lending, and wealth and asset management. Fifth Third is one of the largest fund managers in the Midwest and, as of December 31, 2021, had $554 billion in assets under management, including $65 billion for individuals, businesses and nonprofits. through its Trust and Registered Investment Advisory Firms. Investor information and press releases can be viewed at www.53.com. Fifth Third common stock is listed on the Nasdaq® Global Select Market under the symbol “FITB”.
Ethisphere® is the global leader in defining and promoting the standards of ethical business practices that fuel business character, market trust and business success. Ethisphere has deep expertise in measuring and setting fundamental ethical standards using data-driven insights that help companies build 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. For more information about Ethisphere, visit ethisphere.com.