Fifth Third Bancorp
Fifth Third Bancorp Energy Data Preview
In 2023, Fifth Third Bancorp disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Fifth Third Bancorp also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.
Additionally, Fifth Third Bancorp also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
Finally, Fifth Third Bancorp also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate Fifth Third Bancorp's reliance on fossil fuels versus cleaner alternatives.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Non-renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Electricity Consumed | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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Insights into Fifth Third Bancorp's Energy Renewability
In 2023, Fifth Third Bancorp consumed a total of 674,125.2 Gigajoules of energy across its operations. Of this total, 71.76% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 28.24% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.
Fifth Third Bancorp's Energy Renewability Rate
How much of Fifth Third Bancorp's energy consumed is renewable?
In 2023, Fifth Third Bancorp consumed a total of 674,125.2 Gigajoules of energy, of which 71.76% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.
This moderate level of renewable energy adoption indicates that Fifth Third Bancorp is transitioning toward cleaner energy sources, though a significant share of its energy mix still relies on non-renewable inputs.
Are Fifth Third Bancorp's energy practices becoming more sustainable?
Since 2019, Fifth Third Bancorp's total energy consumption decreased by 14.35%, including a further 9.36% drop in 2023, highlighting a continued decline in energy use.
Over the same period, the share of renewable energy in Fifth Third Bancorp's consumption increased by 5.01%, including a 5.15% increase in 2023, showing consistent progress in clean energy adoption.
Overall, Fifth Third Bancorp has reduced its total energy consumption while steadily increasing its use of renewables, reflecting a strong commitment to reducing its energy-related environmental footprint.
Fifth Third Bancorp's Renewable vs Non-renewable Energy Over Time
- Renewable Energy Consumed
- Non-renewable Energy Consumed
Insights into Fifth Third Bancorp's Energy Consumption & Production Mix
In 2023, Fifth Third Bancorp disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the Fifth Third Bancorp's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.
Fifth Third Bancorp's Energy Consumed by Sources and Technologies
What are the main sources and generation technologies behind Fifth Third Bancorp's energy consumption?
In 2023, Fifth Third Bancorp's total energy consumption was primarily sourced from
- Electricity (Unspecified Source) (71.76%)
- Other Gaseous Fuel (25.55%)
- Jet Fuel (ATF) (2.56%)
How diverse is Fifth Third Bancorpās energy consumption mix?
In 2023, Fifth Third Bancorp consumed energy from 6 different sources or generation technologies, indicating a highly concentrated energy mix, with Electricity (Unspecified Source) alone accounting for 71.76% of total consumption.