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.
+15 vs industry average
Fifth Third Bank’s score of 50 is higher than 70% 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
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Fifth Third Bank's reported carbon emissions
In 2024, Fifth Third Bank reported total emissions of approximately 60,580,000 kg CO2e, comprising 9,449,000 kg CO2e from Scope 1 and 51,413,000 kg CO2e from Scope 2. Notably, the bank has achieved a significant reduction in its emissions, having decreased its Scope 1 and 2 emissions by 54% since it began measuring in 2014. This commitment to sustainability is further underscored by their goal to achieve net zero emissions by 2050. Fifth Third Bank's emissions data is cascaded from its parent organization, Fifth Third Bank, National Association, which provides a comprehensive overview of their climate impact. The bank has set ambitious near-term targets, aiming to reduce Scope 1 and 2 emissions by 75% from 2014 levels by 2030. Additionally, they have achieved carbon neutrality for their operations in 2020, reflecting their proactive approach to environmental responsibility. Overall, Fifth Third Bank is committed to addressing climate change through substantial emissions reductions and long-term sustainability goals, positioning itself as a leader in the financial sector's response to climate challenges.
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Fifth Third Bank’s Climate Goals (2030 & 2050)
7 goals2050
We are committed to achieving net zero emissions by 2050
We are committed to achieving net zero emissions by 2050.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
8 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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