From the Fifth Third Bancorp 2021 ESG Report: Climate Strategy

From the Fifth Third Bancorp 2021 ESG Report: Climate Strategy

Fifth Third climate strategy timeline of progress

Thursday, August 11, 2022 - 12:00pm

Fifth Third has been focused on three strategies since our first Environmental Sustainability Policy was approved by our Board of Directors in 2014.

In 2017, the Task Force on Climate-related Financial Disclosure published recommended, voluntary guidance for consistent financial disclosures designed to be used by investors, lenders and insurance underwriters in understanding material climate-related risks. In February 2022, Fifth Third published our second climate-related financial disclosure report.

We have been focused on transparency and reporting since 2010, when we began including an environment section in our annual CSR report and publicly disclosing carbon emissions and climate risk through the CDP (formerly Carbon Disclosure Project) voluntary questionnaire. In the most recent CDP questionnaire in 2021, we were recognized as a leader for the third consecutive year.

Fifth Third is focused on:

  • SUPPORTING A SUSTAINABLE TRANSITION by helping our customers and communities prepare for climate-related risks and opportunities.
  • MANAGING CLIMATE-RELATED RISKS facing our Company, including those related to physical and transition risks.
  • REDUCING OUR ENVIRONMENTAL FOOTPRINT through renewable energy, energy efficiency and other operational improvements across our enterprise.

Read the full Environment section of the 2021 Environmental, Social and Governance Report for additional information.

CATEGORY: Environment