Environmental

The Environmental and Social Risk Management Framework (ESRM Framework) outlines processes designed to deliver sustainable growth while respecting both the environment and human rights from a client due diligence, operations and third-party management perspective.

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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 2021 TCFD Report.

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In 2017, Fifth Third set five bold sustainability goals to help prioritize our environmental sustainability efforts. This included targeted goals to reduce our energy use and location based GHG emissions by 25%, to reduce our water consumption and waste sent to a landfill by 20%, and to purchase 100% renewable power. At the end of 2021, we successfully achieved four of these goals (energy, water, GHG emissions, and renewable power).

* Although we did not achieve our waste reduction goal, we made great progress in reducing our waste by more than 1 million pounds annually and are committed to continuing our work to reduce the amount of material we use and recycle as much as we can.

Building on our original 2017 goals, we were excited to announce in 2022 a new set of goals to be achieved by 2030. They include bolder commitments that will help guide our continuing efforts and ensure progress in vital areas of operational sustainability.

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