Fifth Third Bancorp

Climate Impact & Sustainability Data (2022)

Total Carbon Emissions:286,778 tCO2e/year (additional Scope 3)

Scope 1 Emissions:11,645 tCO2e/year

Scope 2 Emissions:0 tCO2e/year (market-based)

Scope 3 Emissions:274,133 tCO2e/year (including business travel)

Renewable Energy Share:100% of total energy use

Total Energy Consumption:206,593 MWh/year

Water Consumption:161,832 Kilo Gallons/year

Waste Generated:4,355 tons/year (municipal solid waste)

Achieved carbon neutrality for own operations since 2020
Reduced operational GHG emissions by 45% since 2014
Purchased 100% renewable power
Provided nearly $2 billion in lending and capital raising for renewable energy projects
Dividend Finance (acquired in 2022) provided nearly $3 billion in lending for renewable energy and energy efficiency projects
Completed solar panel installations at five financial centers in Florida

Established a new $20 minimum hourly wage in July 2022
Provided a wage adjustment for the first four job levels, impacting over 40% of the workforce
Transitioned to a new flexible PTO policy, including paid time off for volunteering
Delivered $2.7 billion of a three-year $2.8 billion commitment toward Accelerating Racial Equality, Equity and Inclusion Initiative (AREEI)
Received an “Outstanding” rating on its most recent Community Reinvestment Act performance examination
Provided over $5.2 billion of financing in eligible affordable housing
Provided over $3 million in Down Payment Assistance, enabling the purchase of 1,027 homes
Provided nearly $739 million in financing for essential services to low- and moderate-income communities
Provided more than 8.4 million meals to fight hunger

Published second Task Force on Climate-related Financial Disclosures Report
Elevated Kala Gibson to executive vice president and chief corporate responsibility officer with additional oversight of sustainability
Established a sustainability office within the Corporate Responsibility team
Established the Sustainability Committee (previously named Environmental, Social and Governance Committee) in 2020
Implemented a product delivery risk assessment framework to oversee the delivery of existing products to customers
99.9% of employees completed all required compliance training modules

Medium-term Goals:

Short-term Goals:

Developed a climate risk scenario analysis framework
Implemented a continuous listening strategy for employee feedback
$2.8 billion Accelerating Racial Equality, Equity and Inclusion Initiative
$180 million Empowering Black Futures Neighborhood Program
Partnership with EcoVadis to monitor the sustainability strategies of largest third-party relationships

Supplier Audits: 59% of top suppliers (by spending) are being evaluated

Frameworks Used: SASB, GRI, TCFD, UNGC

Alignment with UN SDGs is detailed on page 12-13