Environmental Sustainability

Our Environmental Sustainability Policy

We work hard every day to address the environmental challenges our planet faces in ways that will create long-term value for Fifth Third Bank—and in turn, strengthen the communities in which our shareholders, customers, and employees live and work. Learn more about Fifth Third's Environmental Sustainability Policy.

Climate-related Disclosures

Fifth Third is proud to have received a Leadership Band score of A- in the 2019 CDP Climate Change scoring cycle.

To share our climate-related efforts more broadly, we have also introduced a new disclosure document informed by the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Read Fifth Third’s TCFD-inspired climate disclosure report here.

Five Bold Sustainability Goals

Fifth Third has five operational sustainability goals that will promote a healthy and sustainable environment and help protect the planet for future generations. Fifth Third is committed to the following goals by 2022:

  • Reduce energy use by 25 percent.
  • Reduce greenhouse gas emissions by 25 percent—achieved in 2018.
  • Reduce landfill waste by 20 percent.
  • Reduce water usage by 20 percent.
  • Purchase 100 percent renewable power—achieved in 2019.

100 Percent Renewable Energy

Fifth Third Bank is the first publicly traded company worldwide—and first U.S. bank and Fortune 500 company—to sign a contract leading to 100 percent renewable energy through solar power, a fact confirmed by the independent RE100 Global Energy Initiative. The project was powered up in August 2019 and uses solar energy to generate as much power as Fifth Third uses in a year, and enabling it to meet its 100 percent renewable power goal three years ahead of schedule.

The power purchase agreement enabled the construction of an 80-Megawatt solar project in North Carolina. The Aulander Holloman Solar Facility was developed by North Carolina-based SunEnergy1 and generates approximately 202,000 MWh/year of electricity to help avoid 143,000 metric tons of greenhouse gas emissions per year. Read more about the environmental benefits.

Each year we share our progress on becoming a more environmentally sustainable company in our Corporate & Social Responsibility report.