Fifth Third named one of the World’s Most Ethical Companies® by Ethisphere for the fifth time
March 04 2024 - 4:00PM
Business Wire
Recognition highlights commitment to business
integrity through best-in-class ethics, compliance and governance
programs
Fifth Third is proud to announce it has been named to the 2024
World’s Most Ethical Companies® list by Ethisphere, a global leader
in defining and advancing the standards of ethical business
practices.
This is the fifth time Fifth Third has earned this recognition
from Ethisphere and is one of only four banks worldwide, including
two in the U.S., to be recognized on the 2024 list. In 2024, 136
companies were recognized across 20 countries and 44
industries.
“We are honored Ethisphere recognized us for the fifth time,”
said Tim Spence, chairman, chief executive officer and president of
Fifth Third. “Our ambition is to be the One Bank people most value
and trust – and that trust is earned every day when our employees
do the right thing for our shareholders, our customers and our
communities. This recognition is a testament to the hard work and
commitment of our dedicated employees.”
Fifth Third’s commitment to high ethical standards extends from
its innovative and inclusive products and services that benefit
lives and businesses, to the way it does business and cares for
people and the planet. Learn more about Fifth Third’s commitment to
doing well by doing good in our Sustainability Report.
“It’s always inspiring to recognize the World’s Most Ethical
Companies®. Through the rigorous review process, we see the
dedication of these organizations to continually improving their
ethics, compliance, and governance practices to the benefit of all
stakeholders,” said Erica Salmon Byrne, Ethisphere’s chief strategy
officer and executive chair. “Companies that elevate best-in-class
cultures of ethics and integrity set a standard for corporate
citizenship for their peers and competitors to follow.
Congratulations to Fifth Third for achieving this honor and
demonstrating that strong ethics is good business.”
Ethics & Performance
The listed 2024 World’s Most Ethical Companies® Honorees
outperformed a comparable index of global companies by 12.3
percentage points from January 2019 to January 2024.
Methodology & Scoring
The World's Most Ethical Companies assessment is grounded in
Ethisphere's proprietary Ethics Quotient®, an extensive
questionnaire that requires companies to provide over 240 different
proof points on their culture of ethics; environmental, social, and
governance (ESG) practices; ethics and compliance; diversity,
equity and inclusion; and initiatives that support a strong value
chain. That data undergo further qualitative analysis by
Ethisphere’s panel of experts who spend thousands of hours vetting
and evaluating each year's group of applicants. This process serves
as an operating framework to capture and codify truly best-in-class
ethics and compliance practices from organizations across
industries and from around the world.
About Fifth Third
Fifth Third is a bank that’s as long on innovation as it is on
history. Since 1858, we’ve been helping individuals, families,
businesses and communities grow through smart financial services
that improve lives. Our list of firsts is extensive, and it’s one
that continues to expand as we explore the intersection of
tech-driven innovation, dedicated people and focused community
impact. Fifth Third is one of the few U.S.-based banks to have been
named among Ethisphere’s World’s Most Ethical Companies® for
several years. With a commitment to taking care of our customers,
employees, communities and shareholders, our goal is not only to be
the nation’s highest performing regional bank, but to be the bank
people most value and trust.
Fifth Third Bank, National Association, is a federally chartered
institution. Fifth Third Bancorp is the indirect parent company of
Fifth Third Bank, and its common stock is traded on the NASDAQ®
Global Select Market under the symbol "FITB." Investor information
and press releases can be viewed at www.53.com.
About Ethisphere
Ethisphere is the global leader in defining and advancing the
standards of ethical business practices that strengthen corporate
brands, build trust in the marketplace, and deliver business
success. Ethisphere has deep expertise in measuring and defining
core ethics standards using data-driven insights that help
companies build strong cultures of ethics and integrity. Ethisphere
honors superior achievement through its World’s Most Ethical
Companies® recognition program, provides a community of industry
experts with the Business Ethics Leadership Alliance (BELA), and
showcases trends and best practices in ethics with Ethisphere
Magazine. Ethisphere also advances business performance through
data-driven assessments, guidance, and benchmarking against its
unparalleled data: the Culture Quotient dataset reflecting the
ethical business practices of 3+ million employees around the
world; and the Ethics Quotient dataset, featuring 240+ data points
on the ethics, compliance, social, and governance practices of the
World’s Most Ethical Companies. For more information, visit
https://ethisphere.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240304798500/en/
Gemma Bolech (Media Relations) Gemma.Bolech@53.com |
847-653-7235 Matt Curoe (Investor Relations) Matthew.Curoe@53.com |
513-534-2345 Anne Walker (Ethisphere)
Anne.Walker@Ethisphere.com
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