Fifth Third Bancorp

Banks
FITB
$ 33 3.1
Share price
$ 22 bn
Market Cap
$ 40 bn
Enterprise Value

Carbon footprint

0.31 Ton
GHG emissions per $ 1 mln investment
0.01x the weighted average for S&P 500
FY2021
How is this calculated?
-4%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

GHG emissions and Carbon intensity

Fifth Third Bancorp's GHG emissions (market-based) (Kt of CO2e)
Fifth Third Bancorp's Carbon intensity (Tons per 1 USDm)

Fifth Third Bancorp's carbon footprint

Fifth Third Bancorp reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2021 at 12 Kt (-0.52 /-4% y-o-y). At the same time, carbon intensity remained unchnaged at 2 t.

Fifth Third Bancorp's Scope 3 emissions surged to 406 Kt (+403/+10186% y-o-y). This is a higher growth rate than over the period since 4Q'14 (+70% CAGR).

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Fifth Third Bancorp achieved carbon neutrality across its entire value chain (all Scopes) in 2020. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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