Fifth Third Bank
Fifth Third Bank, officially known as Fifth Third Bancorp, is a prominent financial institution headquartered in Cincinnati, Ohio. Established in 1858, the bank has evolved significantly, expanding its operations across the Midwest and Southeast regions of the United States. As a key player in the banking industry, Fifth Third Bank offers a diverse range of services, including personal banking, commercial banking, and wealth management. The bank is recognised for its innovative digital banking solutions and commitment to customer service, setting it apart in a competitive market. With a strong focus on community engagement and sustainability, Fifth Third Bank has achieved notable milestones, including being named one of the World’s Most Ethical Companies. Its robust portfolio of core products and services positions it as a trusted partner for individuals and businesses alike, reinforcing its reputation as a leader in the financial sector.
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 84% 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 276.9 million tonnes CO2e, with significant contributions from Scope 3 emissions, which accounted for about 276.9 million tonnes CO2e. The bank's Scope 1 emissions were around 9.9 million tonnes CO2e, while Scope 2 emissions totalled approximately 60.3 million tonnes CO2e. Over the years, Fifth Third Bank has made strides in reducing its carbon footprint. For instance, in 2022, the bank's total emissions were reported at about 386.3 million tonnes CO2e, indicating a reduction in emissions in 2023. The bank's Scope 1 emissions decreased from approximately 11.6 million tonnes CO2e in 2022 to 9.9 million tonnes CO2e in 2023, showcasing a commitment to lowering direct emissions. Fifth Third Bank has also engaged in various climate initiatives, although specific reduction targets have not been detailed. The bank has received scores from the Carbon Disclosure Project (CDP), with a score of "C" in recent assessments, reflecting its ongoing efforts in climate transparency and action. Overall, Fifth Third Bank is actively working towards reducing its carbon emissions and enhancing its sustainability practices, aligning with industry standards for climate action.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2017 | 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.
