Environmental, Social & Governance

ESG Reporting Frameworks

The Sustainability Accounting Standards Board (SASB) sets sustainability disclosure standards that are industry-specific and tied to the concept of materiality to investors. The standards are intended to capture sustainability matters that are financially material—reasonably likely to have a material impact on financial performance or condition. In March 2020, Fifth Third Bank became the first U.S. commercial bank to join the SASB Alliance.

Global Reporting Initiative (GRI) is an independent international organization that has pioneered sustainability reporting since 1997. In 2020, Fifth Third became the first U.S. commercial bank to join the GRI Community.

The mission of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) is to develop voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. In 2020, Fifth Third became a TCFD supporter, furthering our commitment beyond our 2019 Climate-related Financial Disclosure Report by incorporating TCFD recommended disclosures into our ESG Report, Environmental & Social Policy and other disclosure materials.