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OrganisationsFifth Third Bank
Fifth Third Bank logo

Fifth Third Bank

Financial IntermediationUnited States
Last verified 8 months ago53.com

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.

50
DitchCarbon score

+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

Very Low

Financial Intermediation is among the least carbon-intensive industries

Industry performance

0.062
20192025

The Financial Intermediation industry has increased its overall emissions by 11% since 2019

Emissions trajectory 2020 – 2027

000.0M000.0M000.0M000.0M0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

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 goals

2050

We are committed to achieving net zero emissions by 2050

We are committed to achieving net zero emissions by 2050.

At risk0%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

See all 7 climate goals

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Scope 3 top emissions categories

8 of 15 categories disclosed
Purchased Goods & Services63%
Capital Goods19%
Employee Commuting7%
Fuel & Energy Activities5%
Business Travel4%
Upstream Transportation & Distribution1%
Waste Generated in Operations1%
Downstream Leased Assets0%
Purchased Goods & Services63%
Capital Goods19%
Employee Commuting7%
Fuel & Energy Activities5%
Business Travel4%
Upstream Transportation & Distribution1%
Waste Generated in Operations1%
Downstream Leased Assets0%

See all scope 3 categories

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

See details
Not active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

2022 targetSee details
Active
Climate Action 100+

Climate Action 100

See details
Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Fifth Third Bank logoFifth Third Bank
USFinancial Intermediation
8 months ago
50
Us Bancorp logoUs Bancorp
USFinancial Intermediation
10 days ago
62
View
Truist Bank logoTruist Bank
USFinancial Intermediation
2 months ago
38
View
JPMorgan Chase Bank, National Association logoJPMorgan Chase Bank, National Association
USFinancial Intermediation
16 hours ago
33
View
United Bankshares, Inc. logoUnited Bankshares, Inc.
USFinancial Intermediation
10 days ago
31
View
Regions Bank logoRegions Bank
USFinancial Intermediation
2 months ago
29
View
First Financial Bank logoFirst Financial Bank
USFinancial Intermediation
2 months ago
28
View

Usage policy

You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.

See our License Agreement for more details.

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data come from?

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Ditchcarbonv260319.2
[email protected]+44 203 475 7875

Ditch Carbon Ltd

167-169 Great Portland Street

London W1W 5PF

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