- 2021 ESG Report ENVIRONMENT 2030 Finance Target—Social Categories AFFORDABLE HOUSING Afordable housing, or the lack of it, continues to be a persistent problem in many communities within our footprint. Fifth Third provides afordable housing solutions for our customers and communities in multiple ways, including: • Residential mortgages to low-to-moderate income communities. • Down Payment Assistance Program (refer to page 73 for additional details). • Investments by our Community Development group (refer to pages 73-75 for additional details). In 2021, Fifth Third provided over $6.6 billion of fnancing in eligible afordable housing. ACCESS TO ESSENTIAL SERVICES Some communities lack essential services such as education and healthcare centers. Fifth Third is committed to improving the well - being of the communities we serve through economic development, revitalization and other essential services to low-to-moderate income communities (refer to pages 70-80 for additional details). In 2021, Fifth Third provided fnancing of nearly $500 million for essential services to low-to - moderate communities. OTHER SOCIAL CATEGORIES In addition to the social categories described, the new fnancing target includes other categories from the ICMA Social Bond Principles, such as Access to Basic Infrastructure, Employment Generation, Food Security and Sustainable Foods Systems, and Socieconomic Advancement and Empowerment. In 2021, Fifth Third provided more than $46 million in these categories. Contents 2030 Finance Target— Sustainability-linked Loans Fifth Third participates in credit facilities with the concept of “green” or “sustainable” pricing, whereby the borrower is able to achieve reduced pricing by meeting certain sustainability metrics. These metrics can be a certain percentage of “green” assets in a portfolio for a real estate customer or GHG emission reductions for other corporate banking clients. Fifth Third believes incentivizing customers to achieve agreed upon sustainability or other ESG metrics will help support them through the transition to a low-carbon economy. In 2021, Fifth Third participated in 27 sustainability-linked loans totaling nearly $27 billion, with Fifth Third’s share reaching over $1 billion. Introduction Economic Environment Social Governance 2030 Finance Target— Sustainability Bonds Fifth Third’s Debt Capital Markets team is supporting our commercial clients by underwriting sustainable fnance bond oferings, whose proceeds are applied to eligible projects under principles of the International Capital Markets Association. In 2021, Fifth Third participated in 16 sustainable fnance bond transactions (15 green, one sustainability- linked) totaling $8.4 billion, with Fifth Third’s share totaling about $418 million. “In the ever-changing world of ESG, Fifth Third Securities stands ready to advise and assist our clients through their ESG journey.” MARIA YAMAT, BOND CAPITAL MARKETS GROUP HEAD. CONTINUED 38
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