Press release
Fifth Third Bank CEO Greg Carmichael Honored as Responsible CEO of the Year for Community Impact
NORTHAMPTON, Mass. & CINCINNATI--(BUSINESS WIRE)-- 3BL Media announced the recipients of the 2021 Responsible CEO of the Year Awards. Responsible CEO of the
About this update from Fifth Third Bancorp
[{"type":"text","content":" NORTHAMPTON, Mass. & CINCINNATI--(BUSINESS WIRE)--\n3BL Media announced the recipients of the 2021 Responsible CEO of the Year Awards. Responsible CEO of the Year: Community Impact was awarded to Greg D. Carmichael, chairman and CEO, Fifth Third Bank.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211025005628/en/Greg D. Carmichael, chairman and CEO of Fifth Third Bank (Photo: Business Wire)\n3BL Media announced the 2021 Responsible CEO of the Year Awards to recognize corporate executives who embody bold, innovative leadership in delivering on environmental, social and governance (ESG) commitments—and this year’s honorees demonstrate a commitment to ESG, worldwide and community impact, transparency, and brands taking stands leadership.\n\nDriven by Carmichael’s leadership and vision, Fifth Third Bank in 2016 made a five-year commitment to invest $32 billion in the communities it serves. Five years later, the Bank exceeded that commitment by 30% by delivering $41.6 billion to support mortgage lending, small business lending and community development loans and investments. Additionally, the Bank leads in the transition to a sustainable future by achieving carbon neutrality for its own operations in 2020, setting bold environmental goals, including $8 billion in sustainable financing by 2025, and joining the Partnership for Carbon Accounting Financials (PCAF) and Ceres Network. In 2020, the Bank committed to a $2.8 billion Accelerating Racial Equality, Equity and Inclusion initiative, including a recently-announced innovative Neighborhood Investment Program that will invest an unprecedented $180 million to stabilize and revitalize nine majority-Black communities that have experienced disinvestment.\n\nCongratulations to Greg Carmichael for the 2021 Responsible CEO of the Year for Community Impact for his exceptional leadership and dedication to Fifth Third Bank's significant impact on the communities it serves.\n\n\"Neighborhoods thrive when there's capital available for those eager to start a small business or buy a house,” said Dave Armon, CEO, 3BL Media. “Fifth Third Bank's ambitious five-year program to re-invest more than $40 billion in community revitalization was a game-changer—and it’s obvious the Bank has a clear plan to continue its significant impact program...