Fifth Third Bank (5/3 Bank)

Ohio
Banks

Corprate Bias Ratings

Risk Level:

Rating - Danger
High Risk

Fifth Third Bank does not protect employees from viewpoint discrimination. Fifth Third Bank has closed accounts and refused financing to groups based on ideological characteristics. The company vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination. Fifth Third Bank covers abortion-related travel cost, gender-reassignment surgery, and "medically necessary transition-related care" for its employees and their children. The bank has pledged over $2 billion to BLM and related causes and is committed to carbon neutrality by 2040. Fifth Third Bank has also committed to advocacy for LGBTQ causes and supports critical race theory training for its employees. For these reasons, Fifth Third Bank receives a High Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Fifth Third Bank canceled its corporate sponsorship of the Florida Tax Credit Scholarship Program, a program that enabled underprivileged children a chance to attend a local parochial school, due to concerns regarding the schools’ LGBTQ-related policies. However, the bank later reversed its decision (1). The bank also decided to quit financing GEO Group, a private detention company, after social pressure resulting from then-President Trump’s immigration policy. The bank has since ceased providing financing to all private prisons (2). Fifth Third received a score of 100 on the Corporate Equality Index from the Human Rights Campaign. Among other requirements, this means Fifth Third has pledged to vet vendors based on LGBTQ policies (3)(4).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Fifth Third does not discriminate against religious organizations in its charitable giving. However, it will only give to religious organizations that provide non-sectarian services (1)(2).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Fifth Third Bank’s does not provide viewpoint protections for its employees (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Fifth Third Bank has put 100% of its employees through “unconscious bias” training and has developed a toolkit called “From Awareness to Advocacy” (1). The toolkit suggests reading critical race theorists Ibram Kendi, Robin DiAngelo, and Ta-Nehisi Coates, as well as donating to the American Civil Liberties Union and a host of progressive advocacy organizations (2). The bank has also committed to multiple acts of advocacy for the LGBTQ community (3). Fifth Third has signed the CEO Action for Diversity and Inclusion pledge (4). The company is a Ceres Network Member and a PCAF member, committed to net zero carbon emissions by 2040 (5)(6)(7).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Fifth Third Bank has pledged over $2 billion to the Black Lives Matter movement and related causes, including various Urban League chapters (1)(2). Fifth Third’s medical benefits cover abortion-related travel and gender reassignment surgery (3). Fifth Third Bank has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (4)(5).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Fifth Third Bancorp has not used its PAC donations or lobbied for ideological purposes (1)(2)(3)(4).

All links were last accessed and all information was updated on:
December 5, 2023

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