2021 ESG Report ENVIRONMENT The Fifth Third Green Bond Fifth Third published its Sustainable Bond Framework with a second-party opinion from Sustainalytics, which indicated that the framework is credible, impactful and aligned with the ICMA principles.* In October 2021, Fifth Third issued its inaugural Green Bond and became the frst U.S. fnancial institution with under $250 billion in assets to issue an ESG bond of any type. The Fifth Third Green Bond is aligned to the Green Bond Principles published by the ICMA to defne the use of proceeds, process for project evaluation and selection, management of proceeds, and reporting. The bond will fund eligible projects in the following categories: green buildings, renewable energy, energy efciency and clean transportation. Key Transaction Terms Issuer Fifth Third Bancorp Security Ratings Baa1 / BBB+ / A- ; Stable / stable / stable (Moody's / S&P / Fitch) Security Type Senior unsecured Size $500mm Tenor 6NC5 Fixed-to-Floating (Compunded SOFR back-end) Maturity Date November 1, 2027 Optional Redemption One-time par call on November 1, 2026. 30-day par call prior to maturity. To fnance or refnance, in whole or in part, Eligible Green Projects in accordance with the Sustainable Bond Eligibility Criteria set forth in the Fifth Third Bancorp Sustainable Bond Framework (October 2021). Use of Proceeds Contents Introduction Economic Environment Social Governance Wealth & Asset Management While value-based investing has been used for decades, there is a growing demand from both retail and institutional investors to apply ESG principles in making their decisions. According to the Deloitte Center for Financial Services, ESG-mandated assets could make up half of all managed assets in the United States by 2025.** Traditionally, socially responsible investing sought only to exclude those companies with negative attributes from a portfolio. Today, ESG investing can complement a portfolio by giving exposure to companies that promote and achieve sustainability; encourage and measure corporate responsibility; and have a positive impact on employees, clients, and their communities. Impact investing targets a specifc area of need such as clean energy, clean water, or social improvements through targeted community development. Consideration of ESG issues is not new to Fifth Third. We are able to provide our clients with options to invest in ESG-focused strategies across asset classes, countries, sectors and market capitalization. When designing a portfolio, we make decisions that refect our clients’ beliefs by using leading third-party research solutions designed for investors and money managers who wish to integrate environmental, social and governance factors into their investment process, as well as to exclude companies for various business involvement. ESG Investing Thought Leadership In 2022, Fifth Third’s Wealth & Asset Management team published a whitepaper on “The Case for ESG and Responsible, Sustainable Investing” for our institutional investors. The purpose was to educate readers on the evolution of ESG investing, the reasons for the sector’s rapid growth and describe where ESG is headed next. It also included insights and best practices as to why the Bank believes, as a fduciary, that ESG investing is prudent to consider. We provide both active and passive ESG investment strategies and continue to research and provide new and exciting options as the marketplace evolves. Fifth Third also ofers clients the ability to screen for controversial business involvement and can help provide strategies that have a targeted impact based on our clients’ needs. As of Dec. 31, 2021, Fifth Third had $1.8 billion in assets under management in various ESG and other socially responsible investments. **Deloitte, “Responsible investment management, The Dbriefs Investment Management series,” May 13, 2020. *Refer to Fifth Third’s investor relations website for details. 39