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 diverse 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 comprehensive 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 38 is higher than 90% 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 276,936,000 kg CO2e, with Scope 1 emissions at about 9,859,000 kg CO2e and Scope 2 emissions at approximately 60,284,000 kg CO2e. The bank's Scope 3 emissions were significant, totalling around 276,936,000 kg CO2e, which includes business travel and purchased goods and services. Over the years, Fifth Third Bank has shown fluctuations in its emissions. For instance, in 2022, the total emissions were about 386,330,000 kg CO2e, with Scope 1 at approximately 11,645,000 kg CO2e and Scope 2 at around 65,075,000 kg CO2e. The bank's Scope 3 emissions in 2022 were also substantial, indicating a strong reliance on upstream and downstream activities. Despite these figures, there are currently no specific reduction targets or initiatives disclosed by Fifth Third Bank, such as those aligned with the Science Based Targets initiative (SBTi). This lack of formal commitments may reflect a broader industry context where financial institutions are increasingly scrutinised for their climate impact and commitments. Overall, Fifth Third Bank's emissions data highlights the need for ongoing assessment and potential action towards reducing its carbon footprint, particularly in Scope 3 emissions, which represent a significant portion of its total emissions.
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.
