Fifth Third Bank

Fifth Third Bank, operating in the financial intermediation services sector, reported its most recent carbon emissions for 2024. The bank's Scope 1 emissions were 9,449,000 kg CO2e, and its Scope 2 emissions (location-based) were 51,413,000 kg CO2e. Key Scope 3 emissions included 125,506,000 kg CO2e from purchased goods and services, 34,353,000 kg CO2e from capital goods, 18,419,000 kg CO2e from employee commuting, 12,203,000 kg CO2e from business travel, 10,963,000 kg CO2e from fuel and energy-related activities, and 2,811,000 kg CO2e from waste generated in operations.

For 2023, Fifth Third Bank's Scope 1 emissions were approximately 9,859,000 kg CO2e, and Scope 2 emissions (location-based) were around 60,284,000 kg CO2e. Their Scope 3 emissions for 2023 included roughly 181,497,000 kg CO2e from purchased goods and services, about 53,623,000 kg CO2e from capital goods, approximately 21,033,000 kg CO2e from employee commuting, around 13,447,000 kg CO2e from fuel and energy-related activities, about 12,742,000 kg CO2e from business travel, roughly 3,772,000 kg CO2e from upstream transportation and distribution, and approximately 2,900,000 kg CO2e from waste generated in operations.

Fifth Third Bank has demonstrated a commitment to reducing its environmental impact. By 2023, the bank had reduced its Scope 1 and 2 emissions by 54% from a 2014 baseline. The bank aims to reduce its location-based Scope 1 and 2 GHG emissions by 75% by 2030, a target previously set at 25%. Fifth Third Bank has also set a long-term goal to achieve net-zero emissions by 2050. Furthermore, the bank achieved carbon neutrality for its operations in 2020. They are committed to reducing their Scope 1 and Scope 2 emissions to near zero by 2025. These commitments and performance data are cascaded from Fifth Third Bank, National Association.