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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.
25
DitchCarbon score
-12 vs industry average
Fifth Third Bancorp’s score of 25 is lower than 31% 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
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2024
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Fifth Third Bancorp's reported carbon emissions
Fifth Third Bancorp, a US-based financial intermediation services company, reported approximately 19.59 million kg CO2e in total emissions for 2021. This includes about 12.48 million kg CO2e for Scope 1 emissions and 7.11 million kg CO2e for Scope 3 emissions from business travel. It is important to note that Scope 2 market-based emissions were reported as 0 kg CO2e for this year, while location-based Scope 2 emissions were approximately 64.93 million kg CO2e. Data on Scope 3 purchased goods and services was not available for 2021.
In previous years, Fifth Third Bancorp's total emissions were approximately 16.95 million kg CO2e in 2020, 27.61 million kg CO2e in 2019, 88.33 million kg CO2e in 2018, and 80.68 million kg CO2e in 2017. The company's Scope 1 emissions were around 13.00 million kg CO2e in 2020, 13.23 million kg CO2e in 2019, 14.05 million kg CO2e in 2018, and 12.12 million kg CO2e in 2017. Scope 3 business travel emissions were about 3.95 million kg CO2e in 2020, 12.27 million kg CO2e in 2019, 12.90 million kg CO2e in 2018, and 10.25 million kg CO2e in 2017.
For Scope 2, market-based emissions were about 2.11 million kg CO2e in 2019 and 61.38 million kg CO2e in 2018, and 58.32 million kg CO2e in 2017. Location-based Scope 2 emissions were approximately 72.70 million kg CO2e in 2020, 79.42 million kg CO2e in 2019, 91.52 million kg CO2e in 2018, and 94.62 million kg CO2e in 2017. Similar to 2021, data for Scope 3 purchased goods and services was not disclosed for these earlier years.
Fifth Third Bancorp directly reports its climate performance data and does not cascade this information from a parent or related organization. The company has not publicly disclosed any specific reduction targets or commitments through initiatives like the Science Based Targets initiative (SBTi) or The Climate Pledge.
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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
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Fifth Third Bancorp26 days ago
25
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