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Fifth Third Bancorp
Fifth Third Bancorp's GHG Emissions Data Preview
In 2024, Fifth Third Bancorp completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Fifth Third Bancorp has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. a | Copy restricted. Please purchase to unlock this data. a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Fifth Third Bancorp’s Greenhouse Gas (GHG) Emissions Data
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Insights into Fifth Third Bancorp's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofFifth Third Bancorp amounted to60,862metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Fifth Third Bancorpdecreased by 13.23%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Fifth Third Bancorp's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Fifth Third Bancorp's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Fifth Third Bancorp were 9,449 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Fifth Third Bancorp reduced its Scope 1 emissions over time?
Since 2019, Fifth Third Bancorp's Scope 1 emissions have decreased by 28.59%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year(2023), Fifth Third Bancorp's Scope 1 emissions decreased by 4.16%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Fifth Third Bancorp's Scope 2 emissions?
In 2024, Fifth Third Bancorp reported Scope 2 greenhouse gas (GHG) emissions of 0 tCOâ‚‚e using the market-based method and 51,413 tCOâ‚‚e using the location-based method.a
Has Fifth Third Bancorp reduced its Scope 2 emissions over time?
Since 2019, Fifth Third Bancorp's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 35.26%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
Compared to the previous year(2023), Fifth Third Bancorp's Scope 2 emissions(Location-Based) fell by 14.72% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does Fifth Third Bancorp use for Scope 2 reporting?
In 2024, Fifth Third Bancorp reported its Scope 2 emissions using the market-based method and using the location-based method.a
Fifth Third Bancorp's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Fifth Third Bancorp's Value Chain Emissions
In 2024, Fifth Third Bancorp reported 209,685 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Fifth Third Bancorp includes a breakdown across 8of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Fifth Third Bancorp's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Fifth Third Bancorp's Scope 3 emissions?
In 2024, Fifth Third Bancorp reported total Scope 3 emissions of 209,685 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 99.61%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.39%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Fifth Third Bancorp reduced its Scope 3 emissions over time?
Since 2019, Fifth Third Bancorp's Scope 3 emissionshave increased by 1,608.78%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Fifth Third Bancorp's Scope 3 emissions decreased by 27.61%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does Fifth Third Bancorp disclose?
In 2024, Fifth Third Bancorp reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Fifth Third Bancorp's Scope 3 emissions?
In 2024, the largest contributors to Fifth Third Bancorp's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 125,506 tCOâ‚‚e(59.85%)
- Capital Goods (Cat. 2): 34,353 tCOâ‚‚e(16.38%)
- Employee Commuting (Cat. 7): 18,419 tCOâ‚‚e(8.78%)
Fifth Third Bancorp's Scope 3 Emissions by Categories
Insights into Fifth Third Bancorp’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Fifth Third Bancorp reported Scope 1 greenhouse gas (GHG) emissions of 9,449 tCOâ‚‚e and total revenues of USD 8,253 millions. This translates into an emissions intensity of 1.14 tCOâ‚‚e per millions USD.a
Fifth Third Bancorp's Scope 1 Emissions Intensity Compared to Peers
How does Fifth Third Bancorp's GHG emissions intensity compare to its peers?
In 2024, Fifth Third Bancorp reported a Scope 1 emissions intensity of 1.14 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.31, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Fifth Third Bancorp rank on GHG emissions intensity within its industry?
In 2024, Fifth Third Bancorp ranked 8 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Fifth Third Bancorp is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Fifth Third Bancorp's Total Carbon Footprint
In 2024, Fifth Third Bancorp reported a total carbon footprint of 270,547 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 24.81% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Fifth Third Bancorp's total carbon footprint was Scope 3 emissions, accounting for 77.5% of the company's total carbon footprint, followed by Scope 2 emissions at 19%.a