Fifth Third Bancorp
Fifth Third Bancorp's GHG Emissions Data Preview
In 2023, 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 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Fifth Third Bancorp's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Fifth Third Bancorp amounted to 70,143 metric 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).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Fifth Third Bancorp decreased by 8.57%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
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 2023, the total Scope 1 emissions of Fifth Third Bancorp were 9,859 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Fifth Third Bancorp reduced its Scope 1 emissions over time?
Since 2018, Fifth Third Bancorp's Scope 1 emissions have decreased by 29.81%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Fifth Third Bancorp's Scope 1 emissions decreased by 15.34%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are Fifth Third Bancorp's Scope 2 emissions?
In 2023, Fifth Third Bancorp reported Scope 2 greenhouse gas (GHG) emissions of 0 tCOâ‚‚e using the market-based method, and 60,284 tCOâ‚‚e using the location-based method.
Has Fifth Third Bancorp reduced its Scope 2 emissions over time?
Since 2018, Fifth Third Bancorp's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 34.13%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), Fifth Third Bancorp's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Fifth Third Bancorp 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does Fifth Third Bancorp use for Scope 2 reporting?
In 2023, Fifth Third Bancorp reported its Scope 2 emissions using the market-based method and using the location-based method.
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 2023, Fifth Third Bancorp reported 289,679 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Fifth Third Bancorp includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
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 2023, Fifth Third Bancorp reported total Scope 3 emissions of 289,679 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 99.77% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.23% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Fifth Third Bancorp reduced its Scope 3 emissions over time?
Since 2018, Fifth Third Bancorp's Scope 3 emissions have increased by 2,144.88%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), Fifth Third Bancorp's Scope 3 emissions remained relatively stable, indicating that Fifth Third Bancorp 's emissions have plateaued with no significant change in its value chain footprint.
What categories of Scope 3 emissions does Fifth Third Bancorp disclose?
In 2023, Fifth Third Bancorp reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.
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 2023, the largest contributors to Fifth Third Bancorp's Scope 3 emissions were:
- Purchased Goods and Services (Cat. 1): 181,497 tCOâ‚‚e (62.65%)
- Capital Goods (Cat. 2): 53,623 tCOâ‚‚e (18.51%)
- Employee Commuting (Cat. 7): 21,033 tCOâ‚‚e (7.26%)
Fifth Third Bancorp's Scope 3 Emissions by Categories
Insights into Fifth Third Bancorp's Total Carbon Footprint
In 2023, Fifth Third Bancorp reported a total carbon footprint of 359,822 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.97% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.
The largest contributor to Fifth Third Bancorp's total carbon footprint was Scope 3 emissions, accounting for 80.51% of the company's total carbon footprint, followed by Scope 2 emissions at 16.75%.