Fifth Third Bancorp

In terms of senior leadership accountability, the responsibility for sustainability issues within the Fifth Third Bancorp lies with the board. Furhtermore, the financial institution discloses actions it takes to address any pay gaps, such as compensation adjustment.

Fifth Third Bancorp discloses the key sectors it has identified as priorities to engage with on climate change, and the rationale for choosing these priorities. The financial institution discloses time-bound targets for its climate solutions. The financial institution aims to finance USD 8 billion in climate solutions by 2025. The financial institution discloses progress against the targets it has set for its climate solutions.

Fifth Third Bancorp discloses the proportion of women in its total direct operations workforce for each employee category. The financial institution discloses the amount of finance it directs towards usually excluded groups. Furthermore, Fifth Third Bancorp has a grievance mechanism accessible to all workers as well as external individuals and communities to raise human rights complaints or concerns. The financial institution has a publicly available policy statement which shows it is committed to respecting the health and safety of workers. external individuals and communities also has a policy prohibiting bribery and corruption as well as a grievance mechanism for stakeholders to raise concerns and complaints regarding bribery and corruption.

In terms of its approach to senior leadership accountability, there is no evidence that Fifth Third Bancorp links the remuneration of its executive or management teams to sustainability performance criteria. No evidence was found that the financial institution is committed to gender equality and women’s empowerment. It has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. Fifth Third Bancorp has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients.

There is no evidence that Fifth Third Bancorp discloses a target to reach net-zero financed emissions by 2050. There is no evidence that the financial institution discloses alignment with the Paris Agreement as one of its engagement priorities with companies to which it provides financial services or that it requires companies to which it provides financial services to have a strategy aligned with the Paris Agreement. Furthermore, there is no evidence that Fifth Third Bancorp discloses its financing activities devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions.

There is no evidence that Fifth Third Bancorp has a publicly available policy statement committing it to respect human rights laid out in the UNGPs and the ILO declaration on fundamental rights at work. The financial institution has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. There is no evidence that the financial institution discloses the proportion of its total direct operations workforce for each employee category by age group.