CINCINNATI — Fifth Third Bancorp was recognized today with the Renewable Energy Hero Award at Green Umbrella’s annual Midwest Regional Sustainability Summit. Fifth Third’s Director of Sustainability Scott Hassell accepted the award from Green Umbrella Board President Andy Holzhauser.
The Renewable Energy Hero Award recognizes outstanding commitment among businesses to increase their renewable energy portfolio. Fifth Third Bancorp is slated to achieve 100% renewable energy later this year when the solar project made possible by its innovative virtual power purchase agreement (PPA) is completed. The fully-operational Aulander Holloman Solar Facility in North Carolina will enable Fifth Third to achieve one of its five bold Sustainability goals—to purchase 100% renewable power—three years ahead of schedule. The Bank has already achieved its goal to reduce greenhouse gas emissions by 25% by 2022.
“It’s an honor for Green Umbrella to recognize the leadership of Fifth Third Bancorp in advancing environmental sustainability,” said Andy Holzhauser, Green Umbrella Board President. “The PPA agreement they announced last year was truly groundbreaking. When the solar facility is complete, it will lead to Fifth Third achieving 100 percent renewable power via solar energy, which will likely be a first in the industry.”
Scott Hassell added, “The Bank’s commitment to sustainability was born here in our headquarters city of Cincinnati and Green Umbrella has been a partner with us since the beginning. We’re so grateful to Green Umbrella and the sustainability leadership they provide in the Queen City and beyond. We are thrilled to be recognized for our efforts to achieve 100% renewable power.”
About Green Umbrella
Green Umbrella is the leading alliance working to maximize the environmental sustainability of Greater Cincinnati. The organization is driving collaboration to fuel measurable improvements in key areas of sustainability. Its mission is to have the region recognized as one of the top 10 most sustainable metro areas in the nation by 2020.
About the Midwest Regional Sustainability Summit
Green Umbrella partnered with the City of Cincinnati Office of Environment and Sustainability and the Department of Economic Inclusion, the Brueggeman Center for Dialogue at Xavier University, Hamilton County Planning and Development and the Greater Cincinnati Green Business Council to present the Midwest Regional Sustainability Summit. A key initiative of the City of Cincinnati’s Green Cincinnati Plan, the Summit inspires a collaborative culture of new thinking and unconventional ideas that pushes change in unexpected ways. The 2019 Summit convened stakeholders throughout the Ohio Valley region.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the parent company of Fifth Third Bank, an Ohio-chartered bank. As of March 31, 2019, Fifth Third had $168 billion in assets and operated 1,207 full-service banking centers and 2,559 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth Third provides its customers with access to approximately 52,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2019, had $394 billion in assets under care, of which it managed $44 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Deposit and Credit products are offered by Fifth Third Bank. Member FDIC.