Fifth Third announces the establishment of a Sustainability Office with the appointment of Mike Faillo as chief sustainability officer. As CSO, Faillo will lead the office and will lead Fifth Third’s comprehensive environmental, social and governance strategy, which includes the Bank’s climate strategy and sustainable finance initiatives, as well as social and governance reporting. This includes working with the lines of business to develop financial solutions and drive innovation to ensure the transition to a sustainable and inclusive economy.
“The creation of a sustainability office under the leadership of Mike Faillo demonstrates Fifth Third’s commitment to drive progress toward a sustainable, inclusive and healthy environment for our customers and communities,” said Kala Gibson, executive vice president and chief corporate responsibility officer. “We recognize the important role that the financial sector has in making necessary changes to adapt to a changing planet and create more resilient communities.”
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Faillo began his career at Fifth Third in 2015 and most recently served in Investor Relations as the director of ESG reporting and analytics. Since 2019, Faillo has led the Bank’s ESG strategy and reporting and serves as chair of the ESG Committee.
Faillo said, “Fifth Third has aggressive plans and targets for leading the transition to a sustainable future and addressing climate change. A key part of our strategy is reducing our own impact on the environment. Our new operational sustainability targets, which we intend to achieve by 2030, build upon the success of our first set of environmental goals announced in 2017 and sets aggressive targets for the future. These targets, along with our other key actions, are essential to our sustainability objectives.”
Source: Fifth Third