Fifth Third Achieves Carbon Neutrality

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[{"type":"text","content":"\nExpands Leadership in Environmental Sustainability\n\n CINCINNATI--(BUSINESS WIRE)--\nFifth Third (Nasdaq: FITB) today announced that it has achieved carbon neutrality for its operations in 2020, including greenhouse gas emissions from its facilities and business travel. This achievement was accomplished by directly reducing the Company’s corporate carbon footprint, purchasing renewable power and utilizing carbon offsets from a project in its retail footprint for remaining emissions.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210119005637/en/Fifth Third Bank has achieved carbon neutrality for its operations in 2020. (Photo: Business Wire)\n“Becoming the first regional U.S.-based commercial bank to achieve carbon neutrality demonstrates Fifth Third’s unequivocal commitment to environmental sustainability leadership in the financial services industry,” said Fifth Third Chairman and CEO Greg D. Carmichael. “Achieving and maintaining carbon neutrality ensures that our operations minimize impact to the environment and is beneficial to all of our stakeholders.”\n\nFifth Third’s carbon neutrality achievement follows the Bank’s five-year $8 billion sustainable finance goal announced in September 2020. Additionally, Fifth Third continues to make significant progress on its five bold sustainability goals, announced in 2017, including having already achieved its goal for 100% renewable power, a 20% reduction in water usage and a 25% reduction in greenhouse gas emissions.\n\nIn addition to these goals, Fifth Third notes the following third-party recognition and progress related to environmental sustainability.\n\n\nMaintained its A- Climate Leadership Score from CDP in 2020 from 2019.\n\n\nPublication of its inaugural Environmental, Social and Governance Report in September 2020.\n\n\nPublication of a Task Force on Climate-Related Financial Disclosure (TCFD) index as well as becoming a TCFD supporter, 2020.\n\n\nAn Environmental Protection Agency Green Power Leadership Award, 2020.\n\n\nEstablishment of its national renewable energy finance center of excellence in 2018, and the addition of a renewable energy investment banking team in 2019.\n\n\nFifth Third aligns its work in environmental sustainability to the United Nations Sustainable Finance Goal No. 13 Climate Action....

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