- Climate change impacts (physical and transition risks)
- Maintaining employee engagement during economic challenges
- Addressing racial wealth gap and other financial disparities
- Ensuring access to financial services in underserved communities
- Managing risks associated with third-party relationships
Fifth Third Bancorp
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Fifth Third Bancorp disclosed greenhouse gas emissions of 286.8K tCO2e/year (additional Scope 3). By scope: Scope 1: 11.6K tCO2e/year; Scope 2: 0 tCO2e/year (market-based); Scope 3: 274.1K tCO2e/year (including business travel). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
286.8K tCO2e/year (additional Scope 3)
2022
Renewable Energy
100% of total energy use
of total energy
Water Usage
161.8K Kilo Gallons/year
2022
Waste
4.4K tons/year (municipal solid waste)
2022
Energy Use
206.6K MWh/year
2022
📊 Emissions by Scope (2022)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 11.6K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 0 tCO2e/year (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 274.1K tCO2e/year (including business travel) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Achieved carbon neutrality for own operations since 2020
- Reduced operational GHG emissions by 45% since 2014
- Purchased 100% renewable power
- Provided nearly $2 billion in lending and capital raising for renewable energy projects
- Dividend Finance (acquired in 2022) provided nearly $3 billion in lending for renewable energy and energy efficiency projects
- Completed solar panel installations at five financial centers in Florida
🎯 Climate & Sustainability Targets
🔜 Short-term
- $8 billion in renewable energy lending and capital raising by 2025
- 10% diverse supplier spending by 2025
- 75% reduction in location-based Scope 1 and 2 GHG emissions by 2030
📅 Medium-term
- $100 billion environmental and social finance target by 2030
- 40% reduction in energy consumption by 2030
- 50% reduction in water consumption by 2030
- 75% waste diversion rate by 2030
- 75% reduction in paper use by 2030
🌱 ESG Focus Areas
Addressing Climate ChangePromoting Inclusion and DiversityDelivering our Commitment to EmployeesKeeping the Customer at the CenterStrengthening our Communities