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From the Fifth Third Bancorp 2021 ESG Report: $100 Billion Environmental & Social Finance Target
From the Fifth Third Bancorp 2021 ESG Report: $100 Billion Environmental & Social Finance Target
Published 08-18-22
Submitted by Fifth Third Bancorp
After achieving its $8 billion renewable energy goal three years early, Fifth Third expanded its aim in 2022 and announced a 10-year, $100 billion environmental and social finance target through 2030.
The new target continues our commitment to accelerating the transition to and support for more sustainable and inclusive growth. The Fifth Third Environmental & Social Finance Framework is intended to provide our stakeholders clarity regarding our criteria for determining what services are eligible and the value of transactions toward our 2030 target. The framework establishes a consistent and comprehensive methodology for the classification and reporting of financial products and services as sustainable.
Environmental categories include: renewable energy, green buildings, energy efficiency, clean transportation, circular economy, pollution prevention and control, and other environmental categories. Social categories include affordable housing, access to essential services and other social categories.
For a complete explanation of the categories and additional information about the $100 billion target, please access the Fifth Third Bancorp 2021 Environmental, Social and Governance Report.
Fifth Third Bancorp
Fifth Third Bancorp
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of Dec. 31, 2021, Fifth Third had $211 billion in assets and operated 1,117 full-service banking centers and 2,322 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 54,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. 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, National Association. Member FDIC.
Fifth Third’s Purpose is to improve lives and the well-being of its communities by being the One Bank people most value and trust. The Company believes in doing well by doing good and delivering long-term sustainable value to all its stakeholders. Fifth Third is focused on five environmental, social and governance priorities: keeping the customer at the center, demonstrating its commitment to employees, strengthening its communities, promoting inclusion and diversity, and addressing climate change.
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