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 higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Fifth Third Bancorp's reported carbon emissions
As of 2021, Fifth Third Bancorp reported total carbon emissions of approximately 399,380,000 kg CO2e across all scopes. This includes 12,479,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 64,927,000 kg CO2e from Scope 2 emissions, which are indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, the company reported significant Scope 3 emissions, primarily from purchased goods and services, which accounted for about 297,277,000 kg CO2e. Fifth Third Bancorp has not publicly disclosed specific reduction targets or initiatives related to carbon emissions, indicating a potential area for improvement in their climate commitments. The absence of defined reduction strategies suggests that the bank may be in the early stages of developing a comprehensive approach to address its carbon footprint and align with industry standards for climate action.
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Get Started| 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 committed to any reduction initiatives 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.
