Fifth Third Bancorp, a prominent player in the financial intermediation services sector, is headquartered in the United States. Established in 1858, the bank has evolved significantly, marking key milestones in its journey, including its expansion into various major operational regions across the Midwest and Southeast.
Specialising in a range of core products and services, Fifth Third Bancorp offers innovative banking solutions, including personal and commercial banking, investment services, and wealth management. What sets them apart is their commitment to customer-centric service and technological advancements that enhance the banking experience.
With a strong market position, Fifth Third Bancorp has garnered recognition for its financial stability and community involvement, making it a trusted choice for individuals and businesses alike.
-12 vs industry average
Fifth Third Bancorp’s score of 25 is lower than 30% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2024
Reported emissions
Scope 3 accounts for ••• of total emissions.
Fifth Third Bancorp's reported carbon emissions
Fifth Third Bancorp, a financial intermediation services provider headquartered in the US, reported its carbon emissions for fiscal years 2017 through 2021.
In 2021, Fifth Third Bancorp's total carbon emissions were approximately 19,588,000 kg CO2e. This total includes Scope 1 emissions of about 12,479,000 kg CO2e and Scope 2 emissions (location-based) of approximately 64,927,000 kg CO2e. Scope 3 emissions, specifically business travel, amounted to about 7,109,000 kg CO2e in the same year. It's important to note that Scope 2 emissions were reported as 0 kg CO2e under a market-based approach for 2021, with a discrepancy between location-based and market-based figures. Data for Scope 3 categories such as purchased goods and services was unavailable for this reporting year.
In 2020, total emissions were approximately 16,947,000 kg CO2e, comprising Scope 1 emissions of about 12,995,000 kg CO2e and Scope 2 emissions (location-based) of approximately 72,695,000 kg CO2e. Business travel, a component of Scope 3, was reported at approximately 3,952,000 kg CO2e. Similar to 2021, market-based Scope 2 emissions were 0 kg CO2e.
For 2019, Fifth Third Bancorp's total carbon emissions were approximately 27,612,000 kg CO2e. Scope 1 emissions were about 13,233,000 kg CO2e, and Scope 2 emissions (location-based) totalled approximately 79,417,000 kg CO2e. Scope 2 emissions using a market-based approach were approximately 2,108,000 kg CO2e. Business travel, within Scope 3, accounted for approximately 12,271,000 kg CO2e.
In 2018, total emissions reached approximately 88,330,000 kg CO2e. This included Scope 1 emissions of about 14,046,000 kg CO2e and Scope 2 emissions (location-based) of approximately 91,519,000 kg CO2e. Market-based Scope 2 emissions were reported at approximately 61,380,000 kg CO2e. Business travel emissions within Scope 3 were approximately 12,904,000 kg CO2e.
In 2017, total emissions were approximately 80,680,000 kg CO2e, with Scope 1 emissions at about 12,116,000 kg CO2e and Scope 2 emissions (location-based) at approximately 94,617,000 kg CO2e. Market-based Scope 2 emissions were approximately 58,315,000 kg CO2e. Business travel emissions (Scope 3) were approximately 10,249,000 kg CO2e.
Fifth Third Bancorp has not disclosed specific reduction targets or commitments to initiatives such as the Science Based Targets initiative (SBTi) or the Climate Pledge based on the provided information. The data is not cascaded from a parent organisation.
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Fifth Third Bancorp’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Fifth Third Bancorp yet.
Scope 3 top emissions categories
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Fifth Third Bancorp
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