Fifth Third Appoints Michele Mullins Climate Risk Officer; Role Reflects Bank’s Commitment to Managing Climate Change Risk
24 Settembre 2021 - 3:48PM
Business Wire
Fifth Third Bank, National Association, today announced the
appointment of Michele Mullins as the Company’s first climate risk
officer. The role expands Mullins’ duties as director of enterprise
risk governance and business support, and reflects the Bank’s
commitment to environmental sustainability leadership.
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Michele Mullins, director, Enterprise
& Climate Risk Governance and Business Support, Fifth Third
Bank (Photo: Business Wire)
Fifth Third Chairman and CEO Greg Carmichael said, “With a
proven track record of establishing appropriate procedures, testing
for adherence to policies, identifying and monitoring key
performance indicators and mitigating risk, Michele is well suited
to lead Fifth Third’s efforts to actively manage climate risk.”
In nearly 20 years with Fifth Third, Mullins has served in a
variety of management roles in Risk and in the Commercial line of
business. She will retain her responsibilities in enterprise risk
governance and business support. The new role gives Mullins
responsibility for partnering across the enterprise to identify and
gauge physical and transition risks related to climate change in
order to assess and mitigate them effectively.
Her responsibilities include benchmarking with peer firms and
ensuring Fifth Third remains aligned with industry trends,
including the Bank’s efforts around publishing the TCFD (Task Force
on Climate-Related Financial Disclosures) report. As director of
Enterprise & Climate Risk Governance and business support,
Mullins will continue to report to Bob Shaffer, executive vice
president and chief risk officer.
Fifth Third achieved carbon neutrality for its own 2020
operations (Scope 1, Scope 2 and business travel under Scope 3),
which made Fifth Third the first bank in its peer group to mark
that achievement. It also comes as the Bank has joined the Ceres
Company Network and committed to measuring and ultimately reducing
emissions in certain client portfolios, aided by its joining the
Partnership for Carbon Accounting Financials.
Fifth Third has announced six bold sustainability goals,
including a five-year, $8 billion sustainable finance goal,
announced in 2020, and five goals, announced in 2017, to reduce its
use of resources. It already has achieved three of the five: using
100% renewable power, reducing water use by 20% and reducing
greenhouse gas emissions by 25%. In addition to these goals, Fifth
Third has maintained its A- Climate Leadership Score from CDP in
2020 and established a national renewable energy finance center of
excellence in 2018.
Fifth Third aligns its work in environmental sustainability to
the United Nations Sustainable Finance Goal No. 13 Climate Action.
More information is available in Fifth Third’s 2020 Environmental,
Social and Governance Report.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio, and the indirect parent company
of Fifth Third Bank, National Association, a federally chartered
institution. As of June 30, 2021, the Company had $205 billion in
assets and operates 1,096 full-service Banking Centers, and 2,369
Fifth Third branded ATMs in Ohio, Kentucky, Indiana, Michigan,
Illinois, Florida, Tennessee, West Virginia, Georgia, North
Carolina and South Carolina. In total, Fifth Third provides its
customers with access to approximately 53,000 fee-free ATMs across
the United States. Fifth Third operates four main businesses:
Commercial Banking, Branch Banking, Consumer Lending, and Wealth
& Asset Management. Fifth Third is among the largest money
managers in the Midwest and, as of June 30, 2021, had $483 billion
in assets under care, of which it managed $61 billion for
individuals, corporations and not-for-profit organizations through
its Trust and Registered Investment Advisory businesses. Investor
information and press releases can be viewed at www.53.com. Fifth
Third’s common stock is traded on the NASDAQ® Global Select Market
under the symbol “FITB.”
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Stacie Haas (Media Relations) Stacie.Haas@53.com |
513-534-5113
Mike Faillo (Investor Relations) Michael.Faillo@53.com |
513-534-0478
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