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 Environmental Sustainability Policy
Five Bold Sustainability Goals
In 2017, Fifth Third announced its first operational sustainability goals that will promote a healthy and sustainable environment and help protect the planet for future generations. Fifth Third has committed to the following goals by 2022:
- Reduce energy use by 25 percent.
- Reduce greenhouse gas emissions by 25 percent.
- Reduce landfill waste by 20 percent.
- Reduce water usage by 20 percent.
- Purchase 100 percent renewable power.
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 will use solar energy to generate as much power as Fifth Third uses in a year and enable it to meet its 100 percent renewable energy goal four years ahead of schedule when it comes online in December 2018.
The power purchase agreement will enable the construction of a 80-Megawatt solar project in North Carolina. The Hertford County Aulander Holloman facility is an approximated $200 million project that will be designed, built and owned by Moorseville, North Carolina-based SunEnergy1. It will employ about 1,000 people during construction, generate 194,000 MWh/year of electricity and help avoid 144,000 metric tons of greenhouse gas emissions per year. Read more about the environmental benefits