Bank has achieved a 60% reduction in operational greenhouse gas emissions since 2014
Fifth Third’s outstanding record of operational sustainability has again been recognized by USA Today, which has named Fifth Third (NASDAQ: FITB) among its America’s Climate Leaders 2025.
The publication’s third annual list, published in partnership with Statista, Inc., provides a data-driven evaluation of companies that have significantly decreased their greenhouse gas emissions, including emission intensity, year-over-year reductions, and carbon disclosure ratings.
“Fifth Third has had a long-standing commitment to environmental leadership in the financial services sector,” said Pratik Raval, chief sustainability officer for Fifth Third. “We are driven by our understanding that integrating environmental sustainability into our business creates long-term value for our customers and strengthens the communities we serve.”
America’s Climate Leaders uses public data to rank companies doing the most to reduce their carbon footprint. To make the list, companies must have reduced their carbon intensity (carbon emissions divided by revenue) by 3% year-to-year.
Fifth Third has reduced greenhouse gas emissions in the areas of building operations, corporate transport and business travel by 60% since 2014. Fifth Third measures and reports on its corporate greenhouse gas emissions using the Greenhouse Gas Protocol methodology with third-party verification of its calculations.
“Operational sustainability, the reduction of Fifth Third’s own environmental and carbon footprint, has been key to our environmental sustainability program since the program’s inception in 2010,” Raval said.
Over the past decade, Fifth Third has achieved:
- 60% reduction in location-based (Scope 1 & 2) greenhouse gas emissions
- 46% reduction in energy use
- 34% reduction in potable water use
- 59% waste diverted from landfills
- 65%reduction in paper use
- 100% renewable power purchased
Fifth Third also reduced enterprise-wide energy usage by 46% since 2014 – surpassing its 40% goal – through optimized use of space, new construction and renovations, and enhanced facility-related operations and maintenance practices.
In August, Fifth Third celebrated six years of purchasing 100% renewable power, originally as part of a virtual power purchase agreement with the 80 MW Aulander Holloman solar facility in North Carolina.
As part of its sustainability commitment, Fifth Third has also set a target of providing $100 billion in environmental and social finance (sustainable finance) by 2030. Through 2024, the bank has provided $45.33 billion in sustainable finance toward that goal.
More information about Fifth Third’s commitment to sustainability can be found on Fifth Third’s Investor Relations website.
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