Commercial, GHG Emissions  -  July 8, 2021

Fifth Third Bank Shares ESG Progress

Fifth Third Bancorp announced a series of milestones and goals with the publication of its 2020 Environmental, Social and Governance Report. 

Key environmental and social highlights include:

• First regional U.S. commercial bank to achieve carbon neutrality for its Scope 1, Scope 2, and Scope 3 business travel emissions
• $5.4 billion in sustainable financing against 2025 goal of $8 billion
• A- Leadership Band rating from the CDP for the second consecutive year
• Joining the Partnership for Carbon Accounting Financials and the Ceres Company Network
• Six bold goals to support inclusion and diversity throughout our workforce and suppliers by 2025
• $2.8 billion Accelerating Racial Equity, Equality and Inclusion Initiative encompassing the communities it serves, employees, and businesses
• Expanding employee demographic disclosures, as well as gender and minority pay equity ratios

“The 2020 ESG Report is an opportunity to discuss the progress on our ESG efforts and to demonstrate the multiple ways we live our purpose to improve lives and the well-being of our communities,” Greg D. Carmichael, chairman and CEO, Fifth Third Bancorp, said in a statement. “We continue to expand our voluntary reporting and increase the transparency of our ESG actions and impact as we continually strive to be the Bank that people most value and trust.”

Read These Related Articles:

• Fifth Third Bancorp hits 100% RE with a single project
• Fifth Third seeks to reach $8 billion in sustainable financing by 2025
• Fifth Third Issues First $500 Million Green Bond