AI Content Chat (Beta) logo

2021 ESG Report SOCIAL Attract Recruiting The Best and Brightest Attracting diverse and bright talent is essential to our success. The combination of competitive compensation, fexible work locations, best-in - class benefts, innovative programs that foster work-life balance, fnancial rewards for physical and fnancial wellness activities and the Bank’s reputation as a business and community leader makes us attractive to prospective employees. With the Bank’s strategy to increase its presence in key Southeast markets, there was a focused efort on promoting a mix of internal and externally sourced talent to build a diverse team that refects the communities we serve. Using all recruitment avenues to secure top talent, the team hired 51 external candidates, and 60 current employees transitioned to new roles to staf our 30 new banking centers. Among all new hires and transitions, 58.6% are female and 56.8% are minorities. Brandon Williams, UX designer, with a collegiate participant at the FAMU Spring 2022 Fair. Diverse Recruiting and Hiring We believe the diversity of our workforce should refect the communities we serve. Our diversity recruiting strategy enables us to build strong relationships with a pool of qualifed diverse applicants that refects the demographics of our markets through a focus on women, minority and LGBT+ communities, individuals with disabilities and veterans. Part of this strategy includes relationships with key regional and community-based organizations and connections with diverse student organizations on campuses. Our strategy also emphasizes internships and long-term employment through various early career roles that provide a talent pipeline for professional roles across the organization. Our strong partnership with external providers and internal resources ensures that we engage with a diverse candidate population. This partnership provides talent acquisition services for professional and nonprofessional positions that solve compliance, scalability, cost, quality and other recruiting challenges. Other multicultural recruiting strategies and initiatives are detailed on page 57 of this report. Contents Early Career/University Relations The pandemic called for another year of heavy virtual engagement with our university partners and students. We expanded our reach by engaging with hundreds of students through virtual workshops, information and listening sessions, professional development panels and fnancial wellness series. Highlights include: • Our University Relations team attended over 30 virtual career fairs and over 25 virtual relationship events. • Filled 96 summer internships and 75 full- time positions. • Enhanced all early career job descriptions and interview guides to appeal to and more efectively assess and select top early career talent. • Provided career coaching scholarships to students at historically Black colleges and universities in partnership with NextJob. • Hosted students from four HBCU partner universities in the summer of 2021. • Created an early career housing policy through which the Bank ofers $2,000 stipends to eligible interns and co-ops to ofset the cost of moving for those positions. • The Fifth Third Foundation, through our AREEI commitments, awarded over $500,000 to support scholarships, fnancial wellness and learning for students enrolled at our core HBCUs. Introduction Economic Environment Social Governance The team presented at the Bank’s frst virtual HBCU Leadership Conference and engaged in several other leadership eforts with our core HBCUs. University Relations also collaborated with organizations such as Dell Technologies and 84.51° to bring student insights into our cybersecurity, identity protection, technical interview prep and Agile eforts. Students from Clark Atlanta, Tennessee State, North Carolina Central and Florida A&M universities participated in these sessions that reached over 100 students. Our summer 2021 internship program, while 90% virtual, did bring all interns to our headquarters at the end of the summer for a weeklong internship celebration. Interns participated in numerous activities and engaged with Enterprise members, Fifth Third leaders and other Leadership Program participants. All interns received new Chromebook computers in appreciation of their hard work. In addition, many received ofers of employment to join the Bank upon graduation. 69

Fifth Third ESG Report - Page 69 Fifth Third ESG Report Page 68 Page 70