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 64% 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
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 emissions and 64,927,000 kg CO2e from Scope 2 emissions, with significant contributions from Scope 3 emissions, particularly in purchased goods and services (297,277,000 kg CO2e) and employee commute (14,436,000 kg CO2e). The bank's emissions data from previous years shows a trend of fluctuating emissions, with Scope 1 emissions peaking at 14,046,000 kg CO2e in 2018 and Scope 2 emissions reaching 94,617,000 kg CO2e in 2017. Notably, the Scope 3 emissions from business travel decreased from 12,271,000 kg CO2e in 2019 to 3,952,000 kg CO2e in 2020, indicating a significant reduction in travel-related emissions, likely influenced by the COVID-19 pandemic. Despite these figures, Fifth Third Bancorp has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The bank's emissions profile reflects its operational footprint and highlights the importance of addressing both direct and indirect emissions in its climate 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 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.
