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Fifth Third Ranked Among America’s Climate Leaders 2024 by USA Today

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Fifth Third has been recognized by USA Today as one of America's Climate Leaders 2024 for its significant reduction in greenhouse gas emissions. The bank has achieved a 48% reduction in GHG emissions since 2014 through efforts in building operations, corporate transport, and business travel. Fifth Third has also celebrated five years of 100% renewable power, with solar power generation in 2023 equating to emissions from over 29,000 passenger vehicles. The bank has committed to reducing energy usage by 40% by 2030 and has already surpassed this goal by achieving a 45% reduction. Additionally, Fifth Third aims to provide $100 billion in environmental and social finance by 2030, having already provided $37.6 billion. The bank's sustainability data is published in its 2023 Sustainability Report.

Fifth Third è stata riconosciuta da USA Today come una delle Climate Leaders d'America 2024 per la sua significativa riduzione delle emissioni di gas serra. La banca ha raggiunto una riduzione del 48% delle emissioni di GHG dal 2014 attraverso iniziative nelle operazioni edilizie, nei trasporti aziendali e nei viaggi di lavoro. Fifth Third ha anche celebrato cinque anni di utilizzo di energia al 100% rinnovabile, con una produzione di energia solare nel 2023 equivalente alle emissioni di oltre 29.000 veicoli passeggeri. La banca si è impegnata a ridurre il consumo di energia del 40% entro il 2030 e ha già superato questo obiettivo raggiungendo una riduzione del 45%. Inoltre, Fifth Third mira a fornire $100 miliardi di finanziamenti ambientali e sociali entro il 2030, avendo già fornito $37,6 miliardi. I dati sulla sostenibilità della banca sono pubblicati nel suo Rapporto di Sostenibilità 2023.

Fifth Third ha sido reconocida por USA Today como uno de los Líderes Climáticos de América 2024 por su significativa reducción de emisiones de gases de efecto invernadero. El banco ha logrado una reducción del 48% en las emisiones de GHG desde 2014 mediante esfuerzos en operaciones de construcción, transporte corporativo y viajes de negocios. Fifth Third también ha celebrado cinco años de energía 100% renovable, con la generación de energía solar en 2023 equivalente a las emisiones de más de 29.000 vehículos de pasajeros. El banco se ha comprometido a reducir el consumo de energía en un 40% para 2030 y ya ha superado este objetivo con una reducción del 45%. Además, Fifth Third tiene como objetivo proporcionar $100 mil millones en financiamiento ambiental y social para 2030, habiendo ya proporcionado $37,6 mil millones. Los datos de sostenibilidad del banco se publican en su Informe de Sostenibilidad 2023.

Fifth ThirdUSA Today에 의해 2024년 미국 기후 리더 중 하나로 인정받았습니다. 이는 온실가스 배출량을 크게 줄였기 때문입니다. 이 은행은 2014년 이후 48%의 온실가스(GHG) 배출량 감소를 달성했으며, 이는 건물 운영, 기업 운송 및 비즈니스 여행의 노력 덕분입니다. Fifth Third는 또한 2023년 태양광 발전이 29,000대 이상의 승용차에서 발생하는 배출량에 해당하는 100% 재생 에너지를 5년 동안 사용했다고 자축했습니다. 이 은행은 2030년까지 에너지 사용량을 40% 줄이겠다고 약속했으며, 현재 45% 감소라는 목표를 이미 초과 달성했습니다. 추가로, Fifth Third는 2030년까지 환경 및 사회 금융을 위해 1,000억 달러를 제공할 계획이며, 현재까지 이미 376억 달러를 제공했습니다. 은행의 지속 가능성 데이터는 2023 지속 가능성 보고서에서 발표되었습니다.

Fifth Third a été reconnue par USA Today comme l'un des Leaders Climatiques de l'Amérique 2024 pour sa réduction significative des émissions de gaz à effet de serre. La banque a réalisé une réduction de 48 % de ses émissions de GES depuis 2014 grâce à des efforts dans les opérations de construction, le transport d'entreprise et les voyages d'affaires. Fifth Third a également célébré cinq ans d'énergie 100 % renouvelable, la production d'énergie solaire en 2023 équivalant aux émissions de plus de 29 000 véhicules de passagers. La banque s'est engagée à réduire sa consommation d'énergie de 40 % d'ici 2030 et a déjà dépassé cet objectif en atteignant une réduction de 45 %. De plus, Fifth Third vise à fournir 100 milliards de dollars en financement environnemental et social d'ici 2030, ayant déjà fourni 37,6 milliards de dollars. Les données de durabilité de la banque sont publiées dans son Rapport de Durabilité 2023.

Fifth Third wurde von USA Today als einer der Klima-Führer Amerikas 2024 ausgezeichnet, dank seiner bedeutenden Reduktion von Treibhausgasemissionen. Die Bank hat seit 2014 eine Reduktion der GHG-Emissionen um 48% erreicht, dank Initiativen in den Bereichen Bauabläufe, Unternehmensverkehr und Geschäftsreisen. Fifth Third feierte zudem fünf Jahre mit 100% erneuerbarer Energie, wobei die Solarstromerzeugung im Jahr 2023 Emissionen von über 29.000 Personenkraftwagen entspricht. Die Bank hat sich verpflichtet, den Energieverbrauch bis 2030 um 40% zu senken und hat dieses Ziel bereits mit einer Reduktion von 45% übertroffen. Darüber hinaus hat sich Fifth Third zum Ziel gesetzt, bis 2030 insgesamt 100 Milliarden Dollar für Umwelt- und Sozialfinanzierung bereitzustellen, wobei bisher 37,6 Milliarden Dollar bereitgestellt wurden. Die Nachhaltigkeitsdaten der Bank werden im Nachhaltigkeitsbericht 2023 veröffentlicht.

Positive
  • Recognized as one of America's Climate Leaders 2024 by USA Today.
  • Achieved a 48% reduction in greenhouse gas emissions since 2014.
  • Celebrated five years of 100% renewable power.
  • Surpassed goal of reducing energy usage by 40% by 2030, achieving a 45% reduction.
  • Provided $37.6 billion in sustainable finance towards a $100 billion goal by 2030.
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  • None.

Bank has achieved a 48% reduction in greenhouse gas emissions since 2014

CINCINNATI--(BUSINESS WIRE)-- Fifth Third’s longstanding leadership in sustainability in the financial services sector has earned the bank recognition by USA Today as among America’s Climate Leaders 2024.

(Graphic: Business Wire)

(Graphic: Business Wire)

The publication’s second annual rankings, published in partnership with Statista, Inc., provide a data-driven metric of companies that have significantly decreased their GHG emissions between 2020 and 2024. The list includes U.S. based companies with more than $50 million in revenue that reported their GHG emissions independently. To make the list, those companies must have reduced their emissions intensity (GHG emissions divided by revenue) by 3% year-to-year.

“Fifth Third has been focused on driving sustainability for more than a decade,” said Pratik Raval, chief sustainability officer for Fifth Third. “We take a three-pronged strategic approach to addressing climate change through leading the transition to a sustainable future, managing climate-related risks, and reducing our environmental footprint. We are proud to be an industry leader in each of these areas.”

Fifth Third has reduced greenhouse gas emissions in the areas of building operations, corporate transport and business travel by 48% 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.

In late August, Fifth Third also celebrated five years of 100% renewable power. This effort began with a virtual power purchase agreement with the Aulander Holloman solar facility in North Carolina. In 2023, the solar power generation from the facility was more than 190,000 megawatt hours – enough to power over 25,000 homes, or the equivalent of emissions from over 29,000 passenger vehicles.

Fifth Third has committed to reducing energy usage across its 11-state footprint by 40% by 2030. The bank exceeded that goal last year, achieving a 45% reduction in energy usage through improved use of space and the sustainability of new construction, renovation and facility-related operations and maintenance practices, including adding advanced building control technology to more than 600 locations.

"We are proud to have reduced our portfolio-wide energy usage by 45% over the past decade, and we continue to deploy new technologies and processes to help operate all of our facilities more efficiently,” said Thomas Neltner, director of enterprise workplace services and chief security officer for Fifth Third.

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. The bank has provided $37.6 billion in sustainable finance to-date, including $1.3 billion in lending and capital-raising for renewable energy products in 2023, and continues to make progress towards the goal.

As part of the bank’s commitment to provide transparency and data aligned to industry standards for all its stakeholders, Fifth Third has published its sustainability data in its 2023 Sustainability Report, which aligns with the GRI Index, the SASB standards, and the Stakeholder Capitalism Metrics index. The data is publicly available on Fifth Third’s Investor Relations website.

About Fifth Third

Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere’s World’s Most Ethical Companies® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation’s highest performing regional bank, but to be the bank people most value and trust.

Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at www.53.com. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC.

Amanda Nageleisen (Media Relations)

amanda.nageleisen@53.com

Matt Curoe (Investor Relations)

matthew.curoe@53.com | 513-534-2345

Source: Fifth Third

FAQ

What recognition did Fifth Third receive in 2024?

Fifth Third was recognized by USA Today as one of America's Climate Leaders 2024.

How much has Fifth Third reduced its greenhouse gas emissions since 2014?

Fifth Third has achieved a 48% reduction in greenhouse gas emissions since 2014.

What is Fifth Third's goal for energy usage reduction by 2030?

Fifth Third has committed to reducing energy usage by 40% by 2030.

How much sustainable finance has Fifth Third provided towards its 2030 goal?

Fifth Third has provided $37.6 billion in sustainable finance towards its $100 billion goal by 2030.

What is the significance of Fifth Third's renewable energy efforts in 2023?

In 2023, Fifth Third's solar power generation equated to emissions from over 29,000 passenger vehicles.

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