To advance our commitment and achieve our vision, Fifth Third’s sustainability strategy has three components:
In June 2017, we set five bold sustainability goals to achieve by 2022, including to reduce our energy use and location-based greenhouse gas emissions 25%, to reduce our water consumption and waste generation 20%, and to purchase 100% renewable power. We are proud to have already achieved our greenhouse gas, water, and renewable energy goals. In particular, we are extremely proud to be the first Fortune 500 company to purchase 100% solar power. To learn more about our journey to 100% renewable power, see the infographic of the project’s benefits.
To learn more about our journey to 100% renewable power, read more about the project and its benefits.
As we mature our efforts to understand and manage climate-related risks, we have adopted an Environmental & Social Policy that addresses sectors requiring enhanced due diligence, scenario analysis, and other topics.
Accelerating the Transition to Sustainable Future
Fifth Third began financing renewable energy projects and companies in 2012. Since then, Fifth Third’s renewable energy financing offerings have expanded to include lending, capital raising (debt and equity), and M&A advisory services. To highlight these efforts, Fifth Third announced a Sustainable Finance goal of $8 Billion to be achieved by 2025 and, as of September 2020, we are already more than half way to our goal.