Fifth Third Bank (5/3 Bank)
Fifth Third Bank has closed accounts and refused financing to groups based on ideological characteristics. The bank has also committed to advocacy for LGBTQ causes and supports critical race theory training for its employees while failing to protect those employees' viewpoints in its nondiscrimination policy. However, the bank does not use corporate funds to support ideological groups hostile to freedom of expression or discriminate against religious organizations. For these reasons, Fifth Third Bank receives a "High Risk" rating.
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.
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 but later reversed its decision (1). The bank also decided to quit financing GEO Group, a private prison, 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).
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
Fifth Third Bank’s discrimination policy does not protect against viewpoint discrimination (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
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).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
All links were last accessed and all information was updated on:
March 29, 2023
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