Fifth Third Joins Ceres Company Network; Latest Step in Accelerating Transition to a Sustainable Future
Fifth Third Bank has joined the Ceres Company Network, enhancing its commitment to sustainability. This membership allows the bank to collaborate with 60 other companies focused on achieving significant sustainability goals and improving operational resiliency. Chairman and CEO Greg D. Carmichael emphasized the importance of this step in leading regional banks towards a sustainable future. Notably, Fifth Third has achieved carbon neutrality for its 2020 operations, establishing itself as a pioneer in its peer group.
- Joining Ceres Company Network enhances sustainability commitments.
- Achieved carbon neutrality for 2020 operations, leading its peer group.
- None.
As part of its commitment to be a leader in sustainability, Fifth Third Bank, National Association, today announces that it has joined the Ceres Company Network. By joining, Fifth Third has become part of a network of 60 companies who commit to achieving robust sustainability goals, improving resiliency in their operations and supply chains, and advancing market-based and equitable solutions to the world’s biggest sustainability challenges.
Greg D. Carmichael, chairman and CEO of Fifth Third Bank (Photo: Business Wire)
“Joining the Ceres Company Network is another major step forward in our commitment to lead among regional banks in transitioning to a more sustainable future,” said Fifth Third Chairman and CEO Greg D. Carmichael. “It will be a privilege to work with many of the world’s most sustainable companies as we tackle the problems we face, and, together, work to fully realize the potential we have to positively impact our planet and its people.”
The Ceres Company Network provides members with unique access to Ceres experts and a range of peers and stakeholders, including investors and policymakers, to gain various perspectives and guidance in sustainability at this critical time. Members are given clear insight into best practices for achieving sustainability goals as detailed in the Ceres Roadmap 2030. Ceres released the 10-year action plan last year to help companies tackle the world’s most critical sustainability needs - to stabilize the climate, protect water and natural resources and build a just and inclusive economy—and thrive in the accelerated transition to a just, sustainable, net zero emissions future.
“We are excited to welcome Fifth Third Bank into the Ceres Company Network,” said Mindy Lubber, Ceres CEO and president. “The banking sector has a pivotal role to play in tackling the world’s biggest sustainability challenges and accelerating the transition to a more sustainable future. We look forward to working with Fifth Third as it integrates stronger sustainability practices into the bank’s strategy and its work with clients.”
Joining the Ceres Company Network follows Fifth Third’s achievement of 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 committed to measuring and ultimatel
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