Ethisphere Announces Fifth Third Bank as One of the 2023 World’s Most Ethical Companies® for the Fourth Time

Business

Fifth Third Bank, National Association, was recently recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2023 World’s Most Ethical Companies. Fifth Third has been recognized four times by Ethisphere. In 2023, the list includes 135 honorees in 19 countries across 46 industries. Fifth Third is one of only four banks on the list. Fifth Third is a purpose-driven company with a long commitment to ethics and integrity. The Bank has a strong record of implementing practices that positively impact all stakeholders while delivering solid financial results and through-the-cycle performance. “To be one of only four banks worldwide is truly remarkable and illustrates our charge to do well by doing good while delivering sustainable value to all we serve,” said Tim Spence, president and CEO of Fifth Third. "Our commitment to doing what is right for our customers, communities, employees and shareholders is at the foundation of our ambition to be the one bank people most value and trust. We’re proud to be consistently recognized by Ethisphere as one of the World's Most Ethical Companies, and the honor belongs to our employees. It’s a testament to their hard work to build an ethical culture and unwavering commitment to live our core values.” Fifth Third strives to do well by doing good, with efforts that include a $100 billion environmental and social finance target to be achieved through 2030, a boost in its minimum wage for the third time in recent years and a $2.8 billion Accelerating Racial Equality, Equity and Inclusion initiative. A highlight of the latter initiative is the $180 million Fifth Third Bank Empowering Black Futures Neighborhood Program, which provides nine targeted neighborhoods with the capital, expertise and collaboration to create equitable growth and economic mobility. “Ethics matter. Organizations that commit to business integrity through robust programs and practices not only elevate standards and expectations for all, but also have better long-term performance,” said Ethisphere CEO Erica Salmon Byrne. “We continue to be inspired by the World’s Most Ethical Companies honorees and their dedication to making real impact for their stakeholders and displaying exemplary values-based leadership. Congratulations to Fifth Third Bank for earning a place in the World’s Most Ethical Companies community.”

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