Fifth Third Bank
Fifth Third Bank, officially known as Fifth Third Bancorp, is a prominent financial institution headquartered in the United States, specifically in Cincinnati, Ohio. Established in 1858, the bank has evolved into a key player in the banking industry, serving customers across the Midwest and Southeast regions. Fifth Third Bank offers a comprehensive range of services, including personal banking, commercial banking, and wealth management, distinguished by its commitment to customer service and innovative financial solutions. The bank has achieved notable milestones, such as being one of the first to introduce mobile banking services, enhancing accessibility for its clients. With a strong market position, Fifth Third Bank is recognised for its robust financial performance and community involvement, making it a trusted choice for individuals and businesses seeking reliable banking solutions.
DitchCarbon Score
How does Fifth Third Bank'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 Bank's score of 41 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Fifth Third Bank's reported carbon emissions
In 2023, Fifth Third Bank reported total carbon emissions of approximately 276,936 metric tonnes CO2e, with significant contributions from Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were about 9,859 metric tonnes CO2e, while Scope 2 emissions totalled approximately 60,284 metric tonnes CO2e. The majority of their emissions stemmed from Scope 3, which accounted for around 276,936 metric tonnes CO2e, highlighting the impact of their supply chain and business travel. Over the years, Fifth Third Bank has made strides in reducing its carbon footprint. For instance, in 2022, their total emissions were reported at approximately 386,330 metric tonnes CO2e, indicating a reduction in emissions in 2023. The bank has also been actively engaging in climate commitments, as evidenced by their participation in the CDP (Carbon Disclosure Project), where they received a score of "B" in 2022, reflecting their ongoing efforts to manage and disclose their environmental impact. Fifth Third Bank's emissions reduction initiatives are part of a broader commitment to sustainability, although specific reduction targets have not been detailed. The bank continues to assess and improve its environmental strategies, aiming to align with industry standards and contribute positively to climate action.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 12,116,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 58,315,000 | 00,000,000 | 0,000,000 | - | - | 0,000,000,000 | 00,000,000 |
| Scope 3 | 10,249,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 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 Bank is committed to some 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.
