Fifth Third Bancorp

Fifth Third Bancorp's reported carbon emissions

Fifth Third Bancorp, headquartered in the US and operating within financial intermediation services (excluding insurance and pension funding), reported a total of approximately 19.6 billion kg CO2e emissions in 2021. This figure encompasses Scope 1, 2, and 3 emissions. In 2021, the company's Scope 1 emissions were approximately 12.5 billion kg CO2e. Scope 2 emissions, based on location, were approximately 64.9 billion kg CO2e, with market-based figures not provided for this year. Scope 3 emissions, specifically business travel, accounted for approximately 7.1 billion kg CO2e. The report also notes that data for "purchased goods and services" under Scope 3 was missing for this reporting year. In 2020, Fifth Third Bancorp's total emissions were approximately 16.9 billion kg CO2e. Scope 1 emissions were around 13.0 billion kg CO2e, and Scope 3 business travel emissions were approximately 4.0 billion kg CO2e. Similar to 2021, market-based Scope 2 emissions were not reported, while location-based Scope 2 emissions were approximately 72.7 billion kg CO2e. Missing data for Scope 3 purchased goods and services was also noted. In 2019, the total emissions were approximately 27.6 billion kg CO2e. Scope 1 emissions were about 13.2 billion kg CO2e, Scope 2 market-based emissions were approximately 2.1 billion kg CO2e, and Scope 3 business travel emissions were around 12.3 billion kg CO2e. Location-based Scope 2 emissions were approximately 79.4 billion kg CO2e. Prior to that, in 2018, total emissions were approximately 88.3 billion kg CO2e, with Scope 1 emissions at roughly 14.0 billion kg CO2e, Scope 2 market-based emissions at approximately 61.4 billion kg CO2e, and Scope 3 business travel at around 12.9 billion kg CO2e. In 2017, total emissions were approximately 80.7 billion kg CO2e, with Scope 1 emissions at about 12.1 billion kg CO2e, Scope 2 market-based emissions at approximately 58.3 billion kg CO2e, and Scope 3 business travel at roughly 10.2 billion kg CO2e. Fifth Third Bancorp's latest available data shows no specific reduction targets or commitments, including those from the Science Based Targets initiative (SBTi) or the Climate Pledge.