In Fifth Third Bancorp’s recently published 2022 Sustainability Report, the Company reported an update on its 10-year, $100 billion environmental and social finance target through 2030. The new target, announced after Fifth Third achieved its $8 billion renewable energy goal, continues the Company’s commitment to accelerating the transition to and support for more sustainable and inclusive growth.
The Fifth Third Environmental & Social Finance Framework is intended to provide stakeholders clarity regarding criteria for determining what services are eligible and the value of transactions toward the 2030 target. The framework establishes a consistent and comprehensive methodology for the classification and reporting of financial products and services as sustainable.
In 2022, Fifth Third provided over $14 billion in sustainable financing under both environmental and social eligibility criteria, 27.3% of the target.
Learn more in the Fifth Third Bancorp 2022 Sustainability Report at www.53.com/sustainabilityreport.