Fifth Third Bancorp Commits to Becoming an Environmental Leader By Announcing Bold Sustainability Goals
June 21 2017 - 9:46AM
Business Wire
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, positive
change.”
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.
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Fifth Third BancorpStacie Haas, 513-534-5113513-534-NEWS
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