CINCINNATI--(BUSINESS WIRE)--Jun. 21, 2017--
Fifth Third Bancorp today announced its first operational sustainability
goals that will promote a healthy and sustainable environment and help
protect the planet for future generations. Fifth Third is formalizing
and accelerating its environmental sustainability efforts by committing
to the following operational sustainability goals by 2022:
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Fifth Third Bancorp's Bold Sustainability Goals (Infographic). (Photo: Business Wire)
Reduce energy use by 25 percent.
Reduce greenhouse gas emissions by 25 percent.
Reduce landfill waste by 20 percent.
Reduce water usage by 20 percent.
Purchase 100 percent renewable power.
“Formalizing our operational sustainability goals is part of our broader
commitment to make Fifth Third an environmental sustainability leader,”
said Brian Lamb, executive vice president and chief corporate social
responsibility and reputation officer, Fifth Third Bancorp. “By
announcing these goals, we seek to raise awareness that considering
sustainability issues can lead to better outcomes for our customers, our
employees, and our communities.”
“I applaud Fifth Third Bancorp for establishing environmental
sustainability goals that will help strengthen our communities,” said
Kristin Weiss, executive director of Green Umbrella, the leading
alliance working to maximize the environmental sustainability of Greater
Cincinnati. “Public commitments are important and demonstrate Fifth
Third’s willingness to be transparent, report its progress and be held
accountable. This is the kind of leadership that will bring sustainable,
Fifth Third recently completed a $4 million energy-efficient LED
lighting installation project at facilities in four states. Ranking
among the most substantial LED lighting projects in the financial
industry, the project will reduce the Bank’s lighting-related energy
consumption by 50 percent. This corresponds to an energy savings of 6.3
million kilowatt-hours per year, enough to provide 578 homes with
electricity for one year.
A U.S. Environmental Protection Agency Green Power Partner, Fifth Third
purchased 30 percent green power in 2016 and operates 28 Leadership in
Energy and Environmental Design (LEED)-certified locations. Last year,
Fifth Third began introducing a “Recycling 2.0” strategy that will help
increase recycling rates.
More information about Fifth Third’s environmental sustainability
efforts is available in Fifth Third’s 2016
Corporate Social Responsibility Report.
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of March 31, 2017, the Company had
$140 billion in assets and operated 1,155 full-service Banking Centers
and 2,471 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida,
Tennessee, West Virginia, Georgia and North Carolina. Fifth Third
operates four main businesses: Commercial Banking, Branch Banking,
Consumer Lending, and Wealth & Asset Management. As of March 31, 2017,
Fifth Third also had a 17.8 percent interest in Vantiv Holding, LLC.
Fifth Third is among the largest money managers in the Midwest and, as
of March 31, 2017, had $323 billion in assets under care, of which it
managed $33 billion for individuals, corporations and not-for-profit
organizations through its Trust, Brokerage and Insurance businesses. Investor
information and press
releases can be viewed at www.53.com.
Fifth Third’s common stock is traded on the Nasdaq® Global Select Market
under the symbol “FITB.” Fifth Third Bank was established in 1858.
Member FDIC, Equal Housing Lender.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170621005799/en/
Source: Fifth Third Bancorp
Fifth Third Bancorp
Stacie Haas, 513-534-5113