CINCINNATI—Fifth Third Bank, National Association, today announced that it again has earned a place on the Bloomberg Gender-Equality Index. The index, which tracks the financial performance of public companies committed to supporting gender equality, expanded in 2020 to include companies from 42 countries and regions – including for the first time firms headquartered in the Czech Republic, New Zealand, Norway, Philippines, Poland and Russia. The companies operate in a wide variety of industries, including automotive, banking, consumer services, engineering and construction, and retail.
“At Fifth Third we cultivate an intentionally inclusive, diverse and thriving environment where men and women feel valued, respected and understood and are able to bring their authentic selves to the workplace,” said Stephanie Smith, chief inclusion and diversity officer. “By doing this we create an environment where we level the playing field and create equal opportunities for advancement.”
The GEI tracks companies committed to supporting gender equality through policy development, representation and transparency. The reference index measures gender equality across five pillars: female leadership and talent development, gender pay parity, inclusive culture, sexual harassment policies and pro-women brand. This year, Bloomberg expanded the eligibility for inclusion in the index to nearly 6,000 companies across 84 countries and regions.
The 2019 GEI included 230 companies headquartered in 36 countries and regions. Fifth Third was also included in the 2018 and 2019 GEI.
“The 325 companies included in the 2020 GEI have shown their commitment to transparency and demonstrated leadership in gender-related data reporting,” said Peter T. Grauer, chairman of Bloomberg. “Disclosure of company statistics and practices is an important first step in supporting gender equality globally.”
Through disclosure of gender-related metrics using the GEI framework, the firms included in the 2020 index have provided a comprehensive look at their investments in workplace gender equality and in the communities in which they operate. Fifth Third was included in this year’s index for scoring at or above a global threshold established by Bloomberg to reflect a high level of disclosure and overall performance across the framework’s five pillars.
Both the framework and the GEI are voluntary and have no associated costs. The GEI is a reference index and is not intended for use as a financial benchmark. The index is not ranked. While all public companies are encouraged to disclose supplemental gender data for their company’s investment profile on the Bloomberg Terminal, those that have a market capitalization of $1 billion are eligible for inclusion in the index. To learn more please visit the GEI website. Bloomberg Terminal subscribers have access to the GEI at {BGEI <GO>}.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of Dec. 31, 2019, Fifth Third had $169 billion in assets and operated 1,149 full-service banking centers and 2,481 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth Third provides its customers with access to approximately 53,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of Dec. 31, 2019, had $413 billion in assets under care, of which it managed $49 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Deposit and Credit products are offered by Fifth Third Bank, National Association. Member FDIC.
About Bloomberg
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