Fifth Third Bancorp
Fifth Third Bancorp, often referred to simply as Fifth Third, is a prominent financial services company headquartered in the United States. Established in 1858, the bank has evolved into a key player in the banking industry, primarily serving the Midwest and Southeast regions. With a diverse portfolio that includes commercial banking, consumer banking, and wealth management, Fifth Third is known for its innovative financial solutions tailored to meet the needs of both individuals and businesses. The bank's core offerings, such as personal loans, mortgages, and investment services, are distinguished by a commitment to customer service and technological advancement. Fifth Third Bancorp has achieved notable milestones, including its recognition as one of the largest banks in the U.S. by assets, reflecting its strong market position and dedication to growth.
DitchCarbon Score
How does Fifth Third Bancorp's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Fifth Third Bancorp's score of 23 is lower than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fifth Third Bancorp's reported carbon emissions
In 2021, Fifth Third Bancorp reported total carbon emissions of approximately 399,380,000 kg CO2e across all scopes. This included 12,479,000 kg CO2e from Scope 1, 64,927,000 kg CO2e from Scope 2 (location-based), and significant contributions from Scope 3 emissions, which encompassed various categories such as purchased goods and services (297,277,000 kg CO2e) and employee commute (14,436,000 kg CO2e). In 2020, the bank's emissions were approximately 12,995,000 kg CO2e for Scope 1 and 72,695,000 kg CO2e for Scope 2 (location-based), with Scope 3 emissions from business travel at about 3,952,000 kg CO2e. The trend shows a slight reduction in Scope 1 emissions from 2017, where they were reported at 12,116,000 kg CO2e. Fifth Third Bancorp has not publicly disclosed specific reduction targets or initiatives related to the Science Based Targets initiative (SBTi) or other climate pledges. However, the bank's commitment to addressing climate change is evident through its emissions reporting across all three scopes. The absence of formal reduction targets suggests a potential area for future development in their sustainability strategy.
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| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Scope 1 | 12,116,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 58,315,000 | 00,000,000 | 0,000,000 | - | - |
| Scope 3 | 10,249,000 | 00,000,000 | 00,000,000 | 0,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Fifth Third Bancorp is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
