Fifth Third Celebrates Earth Day Every Day
On the 53rd anniversary of Earth Day, Fifth Third Bank is proud to acknowledge April 22 as a day to bring greater awareness to preserving and protecting the Earth’s natural resources for future generations. The Bank strives to be a leader in environmental sustainability. Its strategy includes three components: supporting our customers and communities in a sustainable transition; managing climate-related risks facing our Company; and reducing our environmental footprint.
Fifth Third also has set a $100 billion environmental and social finance target through 2030. Environmental categories include renewable energy, green building, energy efficiency, clean transportation, circular economy and pollution prevention and control.
Carbon neutral since 2020, the Bank set five original operational sustainability goals in 2017. In 2022, the Bank expanded and reset those goals* to achieve greater outcomes through 2030:
- Reduce location-based GHG emissions by 75% (for Scope 1 and Scope 2 emissions).
- Reduce energy use by 40%.
- Reduce paper use by 75% and purchase remaining paper from certified sources.
- Reduce potable water use by 50%.
- Continue purchasing 100% renewable power.
- Divert 75% of waste from going into landfills.
Through Dividend Finance, Fifth Third finances renewable energy for residential homes and projects. Fifth Third assists homeowners by promoting innovative energy efficiency, decarbonization and peak energy reduction by deploying, integrating and financing a wide range of distributed energy technologies. The technologies include smart thermostats, electric heat pumps and boilers, fuel-cells, smart electric panels, Solar PV, energy storage, electric vehicle chargers, energy-efficient windows, roofing, insulation and more.
More about the Bank’s commitment to sustainability can be found in its more recent report.
*GHG emissions, energy, paper and water goals are relative to a 2014 baseline.
