2021 ESG Report SOCIAL COACHING AND TECHNICAL ASSISTANCE Our largest CDFI relationship is with Accion , a global nonproft dedicated to helping small businesses. In 2021, the Fifth Third Foundation committed $1 million for access to capital and technical assistance to small businesses across the Bank’s footprint as part of its AREEI initiative . In 2021, we began partnering with the Accion Opportunity Fund to create a business coaching hub through which women of color business owners were matched as coaches with Black- owned businesses. The hub elevated the work of the women of color coaches and delivered experienced, focused help so that minority entrepreneurs could fuel growth in their businesses and continue serving their communities. Fifth Third and AOF collaborated last year to deliver educational webinars on targeted business topics that reached over 3,000 small business owners. In October, we partnered to host a freside chat on the state of small businesses, specifcally for entrepreneurs of color, and actions that could help ensure a successful recovery after the pandemic. Fifth Third Executive Vice President Kala Gibson joined AOF Executive Ofcer Luz Urrutia on the chat. Contents ACCESS TO CAPITAL We are committed to helping small businesses get quick access to needed capital. Our Fifth Third Fast Capital digital lending platform facilitates that access by providing unsecured loans for up to $100,000. In 2021, the capabilities of the platform were enhanced to enable an eligible applicant to receive an SBA counterofer on capital if they are initially declined for a traditional product. In addition, Fifth Third signifcantly invests in capital access funds throughout our footprint. These funds, such as the Entrepreneurs of Color fund in Detroit, operate as new sources of capital for businesses owned by entrepreneurs of color and businesses that hire primarily people of color. The Fifth Third CDC was an initial investor in the Detroit Fund and provided $3 million in 2018. We also have several ongoing capital access initiatives with Accion. In one, we aim to serve at least 1,500 Black-owned businesses with small business loans totaling $30 million over three years. This efort is supported by targeted customer research surveys and focus groups to help identify the best partners and communications channels through which we can reach a greater number of Black owners in new markets where AOF historically has not had a strong presence. Introduction Economic Environment Social Governance $3 million invested in Detroit Entrepreneurs o Color Fund f $1 million from the Fifth Third Foundation to support Black -owned businesses through Accion $200,000 from the Fifth Third Foundation to connect small business owners with afordable capital In another collaboration with AOF, the Fifth Third Foundation provided $200,000 to connect underserved small business owners with afordable and transparent capital to help their businesses grow. AOF provides small business loans of $5,000 to $200,000, with an average loan of $20,000, to diverse entrepreneurs with small capital needs and no credit or imperfect credit. 72 Fifth Third’s Kala Gibson and Accion Opportunity Fund’s Luz Urrutia hosted a virtual freside chat for entrepreneurs of color to provide guidance on how to successfully navigate the pandemic. Pictured with Gibson (bottom) and Urrutia (top left) is Reign Free of Red Door Catering.