- - - - 2021 ESG Report ENVIRONMENT Climate Risk Management Our organization-wide focus on managing climate-related risks is overseen directly by the Board of Directors. Governance Fifth Third’s Board of Directors is responsible for overseeing corporate governance, strategy and risks, which include risks and opportunities related to climate. In fulflling its responsibilities, the Board has delegated responsibilities to the following committees: • Nominating and Corporate Governance Committee – to monitor and oversee governance matters, including ESG-related commitments, issues and strategies. • Risk and Compliance Committee – to monitor and oversee risks, including those related to climate. • Audit Committee – to monitor and oversee management fnancial statements and audit functions, including climate-related disclosures. Fifth Third Appoints First Climate Risk Ofcer In September 2021, Fifth Third appointed Michele Mullins as the Bank’s frst climate risk ofcer. Creating the role expanded Mullins’ duties as director of enterprise risk governance and business support, and it underscored the Bank’s commitment to managing climate risk. Her responsibilities now include integrating climate risk considerations into Fifth Third’s Risk Management Framework, developing the Bank’s climate risk identifcation and monitoring program, as well as scenario analysis. Mullins partnered with Ceres to lead education sessions that informed our senior management and Board of Directors about the range of climate related disclosures and practices in the industry. Michele has been with the Bank for over 20 years and has served in a variety of management roles in Risk Management and the Commercial line of business. Refer to the Enterprise Risk Management section beginning on page 88 in Governance for further details on Fifth Third’s ERM program and policies and our 2021 TCFD Report for additional details on our climate risk management. Contents Introduction Economic Environment Social Governance Sustainable Finance & Strategy Council Board Risk & Compliance Committee Board Audit Committee Disclosure Council Board of Directors Capital Committee Operational Risk Committee Corporate Credit Committee Management Compliance Committee Loan Loss Reserve Committee Assets & Liabilities Committee Corporate Responsibility & Reputation Committee Board Nominating & Corporate Governance Committee Environmental, Social and Governance (ESG) Committee Enterprise Risk Management Committee Climate Risk Council Climate Risk Council provides updates and recommendations for climate related risk management activities to our Risk Management Committees and Enterprise Risk Management Comittee. Climate Governance Working Group Climate Metrics & Data Working Group Environmental & Social Due Diligence Working Group Climate Scenario Analysis Working Group The Climate Risk Council also partners with sub committees and councils that report into relevant risk management committees to further support establishing climate related risk management activities, such as measurement through scenario anlysis, key risk indicators, concentration limits, etc. CONTINUED 41