Fifth Third Bank Named to Diversity Best Practices Inclusion Index
August 19 2019 - 11:14AM
Business Wire
Company Recognized for Creating an
Inclusive Workplace
Fifth Third Bank is pleased to announce that for the second
consecutive year, it has been recognized by Diversity Best
Practices, a division of Working Mother Media, for creating an
inclusive workplace. Fifth Third was among 80 organizations
nationally to earn the honor.
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the full release here:
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Stephanie Smith, Fifth Third Bank’s vice
president and chief inclusion and diversity officer (Photo:
Business Wire)
“We are honored to be included in the 2019 Diversity Best
Practices Index,” said Stephanie Smith, vice president and chief
inclusion and diversity officer, Fifth Third Bank. “This
recognition supports our commitment to inclusion and diversity
across Fifth Third and how we work to improve lives. We look
forward to doing more and while we take this as an opportunity to
celebrate, we are focused on how to continually foster an inclusive
environment for all.”
Diversity Best Practices uses an inclusion index to help
organizations understand gaps in demographic representation and
create a road map to drive internal change and solutions through
proven best practices.
This year, 148 organizations participated in the index, a 17%
year-over-year increase. Results reveal opportunities for all
organizations to target their diversity and inclusion efforts for
greater effectiveness. An index, unlike a list, does not have a set
number of organizations to recognize. Instead, a threshold
percentage is set, at which point any participant with that
percentage or better qualifies for the index. Fifth Third was one
of the companies that met or exceeded the threshold.
"The Inclusion Index continues to grow as more and more
organizations are willing to be transparent about their progress
and workforce demographics," says Deborah Munster, vice president,
Diversity Best Practices. "I applaud their D&I efforts and will
continue to set a high bar in order to drive change and
accountability."
Some of the key findings from the 2019 Diversity Best Practices
Inclusion Index include:
- Recruitment: 43% of all participants mandate diverse candidate
interview slates, while 86% of all participants train recruiters to
ask culturally competent questions of diverse applicants.
- Advancement: 61% of all participants have diversity in their
executive succession planning.
- Company Culture: 75% of all participants hold managers
accountable for diversity and inclusion and 35% of all participants
compensate managers for diversity and inclusion results.
The Inclusion Index Data Snapshot featuring highlights from the
report can be found here.
ABOUT DIVERSITY BEST PRACTICES
Diversity Best Practices, a division of Working Mother Media, is
the preeminent organization for diversity thought leaders to share
best practices and develop innovative solutions for culture change.
Through research, benchmarking, publications and events, DBP offers
members information and strategies on how to implement, grow,
measure and create first-in-class diversity programs.
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, an Ohio-chartered bank. As of June 30, 2019,
Fifth Third had $169 billion in assets and operated 1,207
full-service Banking Centers and 2,551 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 June 30, 2019, had
$399 billion in assets under care, of which it managed $46 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. Member FDIC.
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Danielle Jones (Media Relations) Danielle.Jones@53.com |
513-534-0162
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