Fifth Third Bank (5/3 Bank)

Ohio
Banks

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Fifth Third Bank scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with Human Rights Campaign’s controversial demands, Fifth Third Bank increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Fifth Third Bank forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. Fifth Third Bank has closed accounts and refused financing to groups based on ideological characteristics. Fifth Third Bank provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. The bank's CEO signed the CEO Action for Diversity and Inclusion pledge. Fifth Third has pledged over $2 billion to BLM and related causes and is committed to carbon neutrality by 2040. The Bank supports critical race theory training for its employees. Fifth Third Banks is a member of the Ceres Network and Partnership for Carbon Accounting Financials, committed to net zero carbon emissions by 2050. For these reasons, Fifth Third Bank receives a High Risk rating.

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