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The mission of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) is to develop voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. Click here for our 2022 TCFD Report.
Operational Sustainability


Fifth Third announced our first five-year operational sustainability targets in 2017. These goals reflected our commitment to managing our own operations efficiently and showing leadership with the processes and activities that we most closely control. By the end of 2022, we are to proud to have achieved each of these bold goals, which included reducing our energy use and location-based GHG emissions by 25%, reducing our water consumption and waste sent to a landfill by 20%, and to purchase 100% renewable power.

Building upon this work, in 2022 we adopted a new, more aggressive set of operational sustainability targets* to be achieved by 2030. These new goals continue our focus on critical areas of operational sustainability and demonstrate continued leadership in the financial services industry.

Goals * The energy and water consumption KPI calculations are calculated for owned or ground-leased buildings where the Bank receives a utility bill. GHG emissions KPI is location-based for all locations where the Bank receives a utility bill. Waste diversion rate includes all locations where the Bank receives a waste bill and data. The paper KPI calculations are calculated for office paper purchased through the Bank’s primary supply vendor. GHG emissions, energy, paper and water goals are relative to a 2014 baseline. Verification statements are available in the Additional Disclosures section.
Environmental sustainability in the news:

For additional environmental disclosures, including our CDP questionnaire responses, environmental data tables, and independent verification and assurance reports, click here.

Our Sustainability Report, TCFD Report, and CDP – Climate Change Questionnaire Responses detail how we measure our GHG emissions, reductions of those emissions, and carbon neutrality in our operations, including methodologies used. Our Carbon Offset Disclosure contains detailed information on the carbon offsets we use. While our claims covered by the VCMDA are not verified, our reported GHG emissions underlying those claims are independently (third-party) verified.