From the Fifth Third Bancorp 2022 Sustainability Report: A Message From the Board of Directors

Fifth Third published its 2022 Sustainability Report on June 30. In it, the Company’s Board of Directors shared messages about its responsibility to ensure the Bank meets its sustainability commitments.

“Fifth Third Bank recognizes the critical role of financial institutions in our society. The Board, including each of its committees, is committed to excellence and to implementing strong policies, procedures and practices to ensure we are delivering long-term sustainable value to our clients, employees, communities and shareholders, regardless of the economic environment. As a Board we are committed to Fifth Third’s holistic approach to creating sustainable and inclusive programs.” 

–Nicholas K. Akins, Board Chair.

Nominating & Corporate Governance Committee:

“We believe that a strong corporate governance program is the foundation for a sustainable company. Accordingly, we are committed to being a leader in sustainability practices and performance. We will drive this work with all stakeholders in mind and ensure we do so with integrity and care.”

–Thomas H. Harvey, Chair, Nominating & Corporate Governance Committee

The Nominating & Corporate Governance Committee oversees the Company’s Sustainability program, including practices and reporting related to environmental topics, governance practices and other corporate social responsibilities that are significant to our business and stakeholders.

Risk & Compliance Committee:

“Through its 165-year history, Fifth Third Bank has been a source of strength and stability for our economy. Our strong risk management foundation allows us to provide better solutions for our customers in all economic environments, while ensuring regulatory and operational excellence. We are continuously assessing and implementing solutions that will best protect our stakeholders.”

–Emerson L. Brumback, Chair, Risk & Compliance Committee

The Risk & Compliance Committee oversees risk management practices, including sustainability topics such as enterprise risk management, information security and data privacy.

Audit Committee:

“One of the primary purposes of the Audit Committee is oversight of Fifth Third’s policies, procedures and controls. This oversight helps foster accountability and transparency. Our practices enable Fifth Third to live our purpose and to achieve our ambition to be the one bank people most value and trust.” 

–Eileen A. Mallesch, Chair, Audit Committee

The Audit Committee oversees the integrity of our financial reporting and governance programs.

Finance Committee:

“A top priority for Fifth Third Bank is to generate and maintain sustainable value for all stakeholders. Through a collaborative, one bank approach, we consistently validate the soundness and inclusivity of our strategic financial planning processes.”

—Gary R. Heminger, Chair, Finance Committee

The Finance Committee exercises all the powers of the Board in management of business, properties and affairs during the intervals between meetings of the Board of Directors.

Human Capital & Compensation Committee:

“We believe an actively engaged workforce is one of our most valuable assets. Employees are the backbone and public face of Fifth Third Bank. Therefore, we focus not only on attracting top talent, but also on developing and retaining our employees. We do this by creating a respectful and inclusive culture where they can thrive and are encouraged to innovate and grow.” 

–Michael B. McCallister, Chair, Human Capital & Compensation Committee

The Human Capital & Compensation Committee oversees strategies and policies regarding compensation, talent management, and succession planning and other employment practices.

Technology Committee:

“It is vitally important that our customers feel confident that their financial and information assets are safe with Fifth Third Bank. We are continually innovating to create systems designed to assess, monitor, and enhance technology that can withstand current and future financial environments to give Fifth Third clients superior products along with the peace of mind they deserve.” 

–Jorge L. Benitez, Chair, Technology Committee

The Technology Committee oversees our technology, information security and data privacy strategies, which are critical to the interests of all stakeholders.

Continue reading the 2022 Sustainability Report at www.53.com/sustainabilityreport.