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 68% 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 19,588,000 kg CO2e. This figure includes 12,479,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources. The company also reported Scope 3 emissions of about 7,109,000 kg CO2e, primarily from business travel. Notably, there was no reported Scope 2 emissions based on a market-based approach, but location-based Scope 2 emissions were recorded at 64,927,000 kg CO2e. Comparing this data to previous years, Fifth Third Bancorp's total emissions decreased from approximately 16,947,000 kg CO2e in 2020 and 27,612,000 kg CO2e in 2019, indicating a positive trend in emissions reduction. However, the company has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges. Fifth Third Bancorp's emissions data is not cascaded from any parent organisation, and all reported figures are derived directly from the company's own disclosures. The organisation continues to focus on its climate commitments, although specific initiatives or targets have not been detailed in the available data.
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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 | 0,000,000 |
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.
