2021 Task Force on 
Climate-related Financial 
Disclosures Report

2021 TCFD Report
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
2
Contents
3 	 About This Report
4 	 A Message from the Chairman & CEO
6 	 Task Force on Climate-related Financial Disclosures 
(TCFD) Introduction
Governance
9 	 Board Oversight 
10 	 Management Committees, Councils and Working 
Groups
11 	 Senior Management
Strategy
13 	 Support and Recognition of Key Sustainability 
Initiatives and Networks
14 	 Managing Our Climate-related Risks
16 	 Time Horizons and Risk Examples
•	 Physical Risks
•	 Transition Risks
18 	 Exposure to Sectors with Sensitivity to Climate-
related Transition and Physical Risks
•	 Environmental, Physical, and Transition Risk Credit 
Exposure Dashboard
20 	Scenario Analysis
21 	 Financed Emissions
22 	 Climate-related Opportunities
•	 Renewable Energy
•	 Green Buildings
•	 Energy Efficiency
•	 Clean Transportation
•	 Green Bonds
•	 Sustainability and Corporate Loans
Risk Management
25 	Overview
26 	Identification and Assessment of Climate-related 
Risks
27 	 Management of Climate-related Risks
•	 Credit and Reputation Risk
•	 Commercial Lending
•	 Operational Risk
Metrics and Targets
28 	Sustainable Finance Target
29 	Operational Sustainability Targets
30 	Purchasing 100% Renewable Power
31 	 Achieving Carbon Neutrality
32 	 Greenhouse Gas Emissions
Next Steps

3
2021 TCFD Report
About this Report
In 2019, Fifth Third became the first regional bank to 
publish a Climate-related Financial Disclosure Report 
following the recommendations of the Task Force on 
Climate-related Financial Disclosures (TCFD). This report 
presents Fifth Third’s progress toward implementing 
the TCFD’s recommendations and reflects a summary 
of our advancement toward fully incorporating the 
identification and management of climate-related 
risks and opportunities into our business strategy and 
disclosure efforts.
Climate risk management continues to evolve for many 
companies, including Fifth Third, and we expect the 
methodology and tools for managing these risks will 
continue to improve over time. This report represents 
another important step on our climate journey and 
toward our Purpose: to improve the lives of our 
customers and the well-being of our communities.  
The data used in this report covers the period of Jan. 
1 through Dec. 31, 2021, unless otherwise noted, and 
the narrative may include updates through February 1, 
2022, where applicable. 
The goals discussed in this report are aspirational. 
While we are committed to achieving them, we 
cannot guarantee or promise that these goals will 
be met. Statistics and metrics in these disclosures 
include estimates and may be based on assumptions. 
Furthermore, some of the figures in this report may be 
unaudited. This report uses certain terms, including 
“material” topics, to reflect the issues of greatest 
importance to Fifth Third and our stakeholders. Used 
in this context, these terms are distinct from and 
should not be confused with the terms “material” and 
“materiality” as defined by or construed in accordance 
with securities laws or as used in the context of 
financial statements and reporting.
This report is for general informational purposes 
only and does not constitute an offer or sale of any 
securities issued by Fifth Third Bancorp. All such offers 
and sales shall be made only pursuant to an effective 
registration statement filed by Fifth Third Bancorp 
with the Securities and Exchange Commission and a 
current prospectus. The information in this report shall 
not be deemed to be incorporated by reference in any 
filing under the Securities Exchange Act of 1934 or the 
Securities Act of 1933, except as shall be expressly set 
forth by specific reference. 
All information in this report is as of the date indicated 
thereon. We do not undertake any obligation to update 
the information in this report or otherwise notify you in 
the event that any views, opinions or facts stated in this 
report change or subsequently become inaccurate. This 
report is not comprehensive and contains only voluntary 
disclosures on important ESG topics. For that reason, 
this report should be read in conjunction with our 2020 
Environmental, Social and Governance Report; 2021 
CDP Climate Change Questionnaire Response; 2021 
Annual Report on Form 10-K (particularly the “Forward-
Looking Statements” and “Risk Factors” sections); and 
2022 Proxy Statement, all of which can be found on our 
Investor Relations website. 
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent 
company of Fifth Third Bank, National Association, a federally chartered institution. As of Dec. 31, 2021, the Company had $211 
billion in assets and operates 1,117 full-service Banking Centers, and 2,322 Fifth Third branded ATMs in Ohio, Kentucky, Indiana, 
Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina and South Carolina. In total, Fifth Third provides 
its customers with access to approximately 54,000 fee-free ATMs across the United States. Fifth Third operates four main 
businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. Fifth Third is among 
the largest money managers in the Midwest and, as of Dec. 31, 2021, had $554 billion in assets under care, of which it managed 
$65 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory 
businesses. Investor information and press releases can be viewed at 53.com. Fifth Third’s common stock is traded on the 
NASDAQ® Global Select Market under the symbol “FITB.”
INTRODUCTION
Strategy
Risk Management
Metrics and Targets
Governance
Introduction

In 2021, I was named Responsible 
CEO of the Year for Community 
Impact by 3BL Media. I note 
this not because it honors 
me personally, but because it 
acknowledges, in a very public 
way, the work that Fifth Third’s 
employees have done to improve 
the lives of all our stakeholders. 
We all depend upon a healthy 
environment to live our best 
lives, and that’s why we’ve made 
accelerating the transition 
to a sustainable future a key 
priority of our Company. We are 
committed to doing well by doing 
good. We have worked hard to 
become an industry leader in 
environmental sustainability since 
we launched our program and 
began our journey in 2011.
2021 TCFD Report
4
A Message from the 
Chairman & CEO
We believe it is important to our stakeholders to provide 
transparency along our journey. We have published 
sustainability reports for nearly two decades, first as 
community investment reports, then corporate social 
responsibility reports and now Environmental, Social, 
and Governance (ESG) Reports. We began reporting 
progress on our climate journey in 2010 by adding a 
section in our Corporate Social Responsibility (CSR) 
report and responding to the Carbon Disclosure Project 
(CDP) climate change questionnaire. I am proud that we 
were again recognized as a leader by CDP in the 2021 
survey for the third consecutive year, as well as other 
ESG data providers.
Along the way, we achieved a many “firsts,” such as 
being the first regional bank to publish a Task Force on 
Climate-related Financial Disclosures (TCFD) Report in 
2019; to achieve 100% renewable power use through 
a single, solar project, also in 2019; and becoming the 
first regional bank to achieve carbon neutrality for its 
own operations in 2020. Just a few months ago, in 
November 2021, Fifth Third settled the issuance of its 
inaugural Green Bond for $500 million. The proceeds 
will fund green projects that align with the Bank’s 
sustainability priorities as outlined in our Sustainable 
Bond Framework. With the issuance, Fifth Third 
became the first U.S. financial institution with under 
$250 billion in assets to issue an ESG bond of any 
type. The bond also enabled us to align our financing 
with our investment and lending priorities, providing 
liquidity to our customers as they transition to a 
sustainable future, and to provide additional options to 
help our investors achieve their goals. 
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
CONTINUED

We recognize that climate change is bigger than 
us, as individuals or a company. The financial sector 
plays an important role in making necessary changes 
to adapt to a changing planet and create more 
resilient communities. Through our membership in 
the Partnership for Carbon Accounting Financials 
(PCAF), we are committed to assessing and disclosing 
client greenhouse gas emissions associated with loans 
and investments. We also are partnering with the 
Ceres Company Network to help guide our climate 
strategy. We describe in this report how our lending 
and investment businesses are growing to support the 
transition to renewables and a low carbon economy. 
Additionally, we are being vigilant for physical risk, such 
as flood zone-mapping changes and increased extreme 
weather events. We are committed to understanding 
how these changes could materialize over time and 
impact our customers and portfolios. 
We also appointed our first climate risk officer to 
lead our climate risk team and ensure that climate-
related risks are top of mind in every division—and 
every decision—as our Bank works to serve our 
customers. The team is actively integrating climate risk 
into our Risk Management Framework and planning 
for scenarios that reflect climate change. This will, in 
turn, allow us to establish conversation points to guide 
our lines of business in discussions with our customers, 
and enable the Bank to develop a net-zero aligned 
strategy not only to manage risk but also to continue 
transparency around the Bank’s emissions across our 
portfolios. I expect that you will see actions in the 
future that address how we are thinking about climate 
change in every aspect of our business.
5
2021 TCFD Report
We recognize that climate change is bigger than us, as individuals 
or a company. The financial sector plays an important role in making 
necessary changes to adapt to a changing planet and create more 
resilient communities.
–GREG D. CARMICHAEL, CHARIMAN & CEO
“
”
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
Although the banking industry is still in various stages 
of the climate risk strategy and management journey, 
our Bank begins with a solid legacy of environmental 
sustainability leadership and a strong foundation for 
risk management and governance. Combined, this places 
us in an ideal position to be leaders for change for both 
the short and long term. Thank you for your interest in our 
second TCFD Report and our work to help communities 
navigate climate-related risks and opportunities. 
Sincerely,
Greg D. Carmichael
Chairman & CEO

6
2021 TCFD Report
Task Force on Climate-related 
Financial Disclosures (TCFD) 
Introduction
In 2017, the TCFD released its voluntary, but 
recommended, guidance for consistent financial 
disclosures designed to be used by investors, lenders 
and insurance underwriters in understanding material 
climate-related risks. In 2019, Fifth Third began 
reporting based on the TCFD's recommendations in our first Climate-related Financial Disclosure Report, which 
focused on the TCFD themes of Governance, Strategy, Risk Management and Metrics & Targets.  We continue to focus 
on these themes and our achievements and goals in this report as we publish the TCFD recommended disclosures.  
In Sept. 2020, Fifth Third signed on as a TCFD supporter and as of Feb. 2022, there are over 3,000 companies that 
have joined. 
INTRODUCTION
CONTINUED
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
Achievements
2010
•	 Environmental sustainability section included in annual CSR Report.
•	 CDP (formerly Carbon Disclosure Project) Investor Information Request completed.
2014
•	 Environmental Sustainability Policy formally adopted by Board of Directors.
2017
•	 The Task Force on Climate-related Financial Disclosures published its Recommendations of the 
Task Force on Climate-related Financial Disclosures Final Report.
2019
•	 Inaugural TCFD Report published.
2020
•	 Environmental & Social Policy published.
2022
•	 Second TCFD Report published.

TCFD Implementation Progress (cont.)
7
2021 TCFD Report
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
TCFD Implementation Progress
Achievements
Current Priorities
Goals
Governance
•	 Published Environmental 
Sustainability Policy establishing 
board oversight of climate-related 
risks and opportunities (2014).
•	 Hosted executive and 
management education sessions 
on climate risk in partnership with 
the Ceres Company Network 
(2021).
•	 Ensure board and management 
committees are provided ongoing 
reporting to monitor climate-
related risks.
•	 Maintain leadership performance 
in CDP.
•	 Relevant board and management 
committees leverage robust data 
and analytics to continuously inform 
on climate-related risk oversight. 
•	 Continuous development of 
climate-related risk intelligence 
and reporting to incorporate 
into existing risk assessment and 
aggregation reporting. 
Strategy
•	 Financed first renewable energy 
project (2012).
•	 Announced operational 
sustainability goals (2017).
•	 Ran a flood analysis study on our 
North Carolina mortgage portfolio 
(2021).
•	 Launched Scenario Analysis 
Working Group to qualitatively 
assess climate scenarios (2021).
•	 Hosted a Climate Risk Workshop 
in partnership with the Ceres 
Company Network (2021).
•	 Climate working groups driving 
implementation of climate-related 
risk capabilities.
•	 Further develop climate scenario 
analysis capabilities in alignment 
with NGFS.
•	 Continued education of our board 
and employees on climate-related 
risks and opportunities.
•	 Development of climate-related 
educational materials for 
customer-facing roles.
•	 Engagement with suppliers 
on climate-related risks and 
opportunities.
•	 Integrate climate-related risk and 
opportunities into the strategic 
planning process.
•	 Integrate climate-related risk 
into credit assessment and 
management processes.
•	 Support our customers and 
communities with transitional 
opportunities.
Risk Management
•	 Included climate-related risk 
considerations into the Enterprise 
Risk Management Framework 
(2017).
•	 Published Environmental and 
Social Policy (2020).
•	 Appointed first climate risk officer 
(2021).
•	 Develop internally driven 
performance indicators, risk 
indicators and/or concentration 
metrics to measure and monitor 
climate-related risks in the 
portfolio.
•	 Leverage enhanced customer 
due diligence data for customer 
transition planning strategies.
•	 Continue to enhance and embed 
climate-related considerations 
into risk programs and assessment 
methodology 
•	 Broaden qualitative statements 
and quantitative metrics for 
monitoring climate-related risk 
across applicable risk types.
Metrics and Targets
•	 Measured, disclosed and 
independently verified Scope 1, 
Scope 2 and Scope 3 business 
travel emissions (2014). 
•	 Announced first operational 
sustainability goals to be achieved 
by 2022 (2017). 
•	 Announced $8 billion sustainable 
finance goal for lending and 
financing toward renewable 
energy (2020).
•	 Measure and report other relevant 
Scope 3 categories, including 
loans and investments. 
•	 Achieve previously announced 
operational sustainability and 
sustainable finance goals, and 
announce new goals.
•	 Define pathway to net-zero 
emissions and define sector-
specific targets for 2030 and 
beyond.

Board Risk & Compliance 
Committee
Board Audit Committee
Disclosure Council
Board of Directors
Capital 
Committee
Operational 
Risk 
Committee
Corporate 
Credit 
Committee
Management 
Compliance 
Committee
Loan Loss 
Reserve 
Committee
Assets & 
Liabilities 
Committee
Sustainable 
Finance & 
Strategy 
Council
Corporate 
Responsibility 
& Reputation 
Committee
Board Nominating & 
Corporate Governance 
Committee
Environmental, Social 
and Governance (ESG)
Committee
Enterprise Risk 
Management Committee
Climate Risk Council
Climate Governance 
Working Group
Climate Metrics & Data 
Working Group
Environmental & Social  
Due Diligence  
Working Group
Climate Scenario 
Analysis Working Group
Governance
8
2021 TCFD Report
We believe that a strong corporate governance program is the foundation for 
a sustainable and well-governed company, not just within the climate space. 
Accordingly, we continuously evaluate our structures, processes and controls to ensure they support and promote 
accountability, effectiveness, transparency and sustainability. Since our 2019 TCFD report, we have made changes 
to our governance structure to enhance oversight and monitoring of climate-related risks and opportunities.
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
Climate Risk Council will provide updates and recommendations for climate-related risk management 
activities to our Risk Management Committees and Enterprise Risk Management Comittee.
The Climate Risk Council will also partner with sub-committees and councils that report into relevant 
risk management committees to further support establishing climate-related risk management 
activities, such as measurement through scenario anlysis, key risk indicators, concentration limits, etc.

9
2021 TCFD Report
Board Oversight
The Board of Directors is 
responsible for overseeing the 
corporate governance, strategy 
and risks of Fifth Third, which 
include risks and opportunities 
related to climate. 
In fulfilling its responsibilities, the Board has 
delegated responsibilities to the following Board-
level committees:
Risk and Compliance Committee (RCC)
The RCC has been delegated the responsibilities to 
monitor and oversee risks, including climate-related 
risks. The RCC’s purpose is to oversee development 
and implementation of Fifth Third’s Enterprise Risk 
Management Framework, including risk appetite and 
corresponding metrics and limits; to review, approve, 
and oversee the development of effective policies, 
processes and programs to ensure risks are properly 
managed and controlled; and to review material risk 
management policies annually.
Nominating and Corporate Governance 
Committee (NCGC)
The NCGC has been delegated responsibilities 
to monitor and oversee governance matters. 
The NCGC is responsible for developing and 
recommending corporate governance policies and 
guidelines, recommending policies to enhance 
Board effectiveness, creating and reviewing 
corporate governance policies, reviewing and 
advising on the governance structure, and 
overseeing ESG-related commitments, issues and 
strategy. Climate-related issues are addressed in this 
committee in the context of stakeholder concerns, 
including those articulated by institutional investors, 
employees, customers and civil society. 
GOVERNANCE
Audit Committee
The Audit Committee has been delegated 
responsibilities to monitor and oversee management 
financial statements and audit functions. Climate-
related matters are addressed in this committee in the 
context of our disclosure on the risk posed by physical 
and transition risks facing the Bank.
The Board is supported by the chief executive officer, 
who is also the Board chair. The chief executive officer 
is well positioned to help the Board understand how 
climate change is integrated into the Bank’s strategy 
and risk management and to help the Board fulfill its 
oversight responsibilities related to climate change. 
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
Fifth Third Bancorp's Corporate 
Governance Guidelines, including 
charters of the six Board Committees, 
provide the foundation for our 
governance and help ensure that we 
retain our integrity and merit public trust 
and confidence. The Board of Directors 
has delegated responsibilities for 
oversight of climate-related risks to three 
of the Board committees.

10
2021 TCFD Report
Management Committees, 
Councils and Working Groups
Our Enterprise Risk Management 
Framework includes a hierarchy of 
risk management committees to 
review and manage all major risk 
types that affect the Bank. 
Risk-related issues are communicated to risk 
management committees that are dedicated to 
specific risk types based on materiality, and the most 
significant risks are communicated up to the RCC, 
NCGC, and Audit committee.
Enterprise Risk Management Committee 
(ERMC)
The ERMC is chaired by the chief risk officer, 
comprises senior management across the three lines 
of defense and reports into the RCC. The committee 
is responsible for overseeing all risk types to ensure 
that risks remain within the Bank’s appetite. For 
climate-related risks, the ERMC reviews all activities 
to identify, assess and manage climate-related risks 
effectively.
•	 The Climate Risk Council is chaired by the climate 
risk officer and was established in 2021 to coordinate 
the effective identification, management and 
reporting of climate-related risks impacting the Bank, 
and to support appropriate awareness and training 
efforts. The council will also directly oversee the work 
of the four climate-related risk working groups:
— Climate Scenario Analysis Working Group.
— Climate Governance Working Group.
— Climate Metrics and Data Working Group.
— Environmental & Social Due Diligence  
Working Group.
GOVERNANCE
Environmental, Social and Governance 
(ESG) Committee
The ESG Committee is chaired by the director of 
ESG reporting and analytics, comprises senior 
management and reports to the NCGC. The ESG 
Committee supports the NCGC and provides 
guidance and feedback on the assessment of 
environmental, social, and governance disclosures 
and performance risks facing Fifth Third. 
•	 The Sustainable Finance and Climate Strategy 
Council is co-chaired by the leaders of operational 
sustainability and renewable finance and was 
established in 2020 to assist the ESG Committee in 
developing the Bank’s climate strategy and setting, 
reporting, and disclosing the Bank’s goals relating to 
sustainable financing and operational sustainability. 
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
Fifth Third’s strong 
performance is enabled by 
sound risk management 
practices that deliver on our 
commitments to customers, 
employees, communities and 
shareholders. 
–BOB SHAFFER,  
EXECUTIVE VICE PRESIDENT & 
CHIEF RISK OFFICER
“
”

11
2021 TCFD Report
Senior Management
Management of climate-related risks and opportunities is collectively shared across Fifth Third Bank. Senior level 
managers from all lines of business and across our three lines of defense contribute to manage climate-related risks 
to the Bank and the Bank’s impact to the climate. 
GOVERNANCE
CEO & Chairman of the Board
President
Investor 
Relations/
Treasury
Credit Risk
Climate Risk 
Office
Risk Types
CFO
Chief Credit 
Officer
Chief Risk Officer
Line of 
Businesses
•	Implement 
risk and 
control 
frameworks 
established 
by the 
Climate Risk 
Office and 
Primary Risk 
Experts to 
identify, 
measure, 
monitor and 
manage 
climate-
related risks.
•	Establish 
customer and 
community 
climate 
change 
transition 
planning. 
•	Operate 
within the 
established 
risk 
management 
model for 
climate-
related risks.
•	Maintain 
appropriate 
policies, 
frameworks, 
standards, 
and controls 
to manage 
impact of 
climate 
change on 
risk appetite.
•	Establish 
or enhance 
effective risk 
management 
practices 
to identify, 
assess, 
manage, 
and monitor 
climate 
risk across 
relevant risk 
type. 
•	Ensure 
climate risk 
reporting is 
incorporated 
into risk 
management 
committee 
oversight and 
reported to 
the ERMC.
Sustainability 
Office
•	Lead Bank-
wide climate 
strategy and 
reporting.
•	Oversee 
sustainable 
finance 
targets, 
measurement 
and reporting.
•	Oversee 
operational 
sustainability, 
including 
emissions 
measurement 
and targets.
•	Embed 
Climate Risk 
into Risk 
Management 
Framework.
–Governance.
–Transmission 
channels.
–Metrics (KRI, 
KPI).
–Scenario 
Analysis.
–Risk 
reporting.
•	Develop 
climate-
related risk 
management 
operating 
model.
•	Establish 
Multi-Year 
Climate Risk 
Strategy.
•	Oversee 
environmental 
and social 
credit 
considerations. 
•	Oversee 
process for 
PCAF—Scope 
3, Category 
15 emissions 
(investments) 
portfolio 
alignment.
•	Set portfolio 
concentration 
limits.
•	Lead ESG 
investor 
outreach and 
engagement.
•	Oversee 
Sustainable 
Bond 
Framework 
and use of 
proceeds 
reporting.
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
 First Line of Defense    
 Second Line of Defense

12
2021 TCFD Report
Climate Strategy
As the global impacts of climate 
change continue to be felt around 
the world, we are beginning to  
see significant changes emerge in 
the way many of our customers  
do business. 
These changes are driving a larger shift in the 
national and global economy as the push towards 
decarbonization accelerates. Key industries on the 
frontline of this transition (e.g. power generation, auto 
manufacturing) are already experiencing substantial 
disruption. For many, it is no longer about whether this 
change will happen, but instead about how quickly it 
will transpire. 
Fifth Third has had a historic commitment to 
environmental leadership in the financial services sector. 
That commitment is rooted in our desire to build 
strong communities, to serve our customers well and 
achieve our Vision to be the One Bank people most 
value and trust. We are driven by our understanding 
that integrating sustainability into all aspects of 
our Bank creates long-term sustainable value and 
strengthens the communities we serve. As part of 
that leadership, we recognize the need for financial 
service providers to support the transition towards 
decarbonization and a more sustainable future. Banking 
offers a key component to support the development of 
new technologies, finance new infrastructure, and help 
customers transition operations.
In addition to supporting our customers and the 
environment, our commitment is also about our future 
prosperity as a company. By preparing ourselves for 
these changes, we better mitigate risks and open 
new opportunities to grow. Companies that succeed 
through the coming transition will be those best 
prepared with a strategy that supports a proactive 
approach for managing climate-related risks and 
opportunities. Our climate strategy will help Fifth Third 
grow for many years to come.
To advance our commitment and achieve our Vision, 
Fifth Third is focused on three strategies:
Strategy
Managing our climate-related risk
Supporting a sustainable transition
Reducing our environmental footprint
Strategy
Risk Management
Metrics and Targets
Governance
Introduction

Support and recognition of key sustainability initiatives 
and networks
13
2021 TCFD Report
For over 10 years, Fifth Third 
has reported our environmental 
impacts through the climate 
change disclosure system run 
by CDP (formerly the Carbon 
Disclosure Project). Fifth Third 
has received a leadership score 
of “A-” for the last three years 
(2019-2021), demonstrating we 
are implementing current best 
practices in many areas.
The 17 United Nations Sustainable 
Development Goals are a 
universal call to action to end 
poverty, protect the planet and 
improve the lives and prospects of 
everyone, everywhere. We believe 
we have a role to play in all 17 goals, 
but we have identified 12 that align 
to our ESG priorities. Specifically, 
the four goals that align with 
our environmental sustainability 
efforts include 6 (Clean Water 
and Sanitation), 7 (Affordable and 
Clean Energy), 12 (Responsible 
Consumption and Production) and 
13 (Climate Action).
In March 2021, Fifth Third joined 
PCAF, an industry-led partnership 
of financial institutions world-wide 
that work together to develop 
and implement a consistent and 
transparent standard for financial 
institutions to assess and disclose 
client greenhouse gas emissions 
associated with loans and 
investments.
The Intergovernmental Panel on 
Climate Change of the United 
Nations was created to advance 
knowledge of human-induced 
climate change. The IPCC provides 
policymakers with regular scientific 
assessments on climate change, 
including the Special Report on 
Global Warming of 1.5°C (October 
2018) and Climate Change 
2021: The Physical Science 
Basis (August 2021). Fifth Third’s 
climate strategy is informed by 
these reports and the 2015 Paris 
Agreement.
In May 2021, Fifth Third joined 
the Ceres Company Network, 
becoming part of a network of 
companies committed to the 
transition to a sustainable, low-
carbon future. 
Trade Groups and other financial 
institutions
Collaborating with peers is an 
important part of our climate risk 
strategy. Together our subject 
matter experts can share best 
practices and gain insight into 
climate-related risk areas other 
where banks are looking. Our 
trade groups have facilitated 
conversations with regulatory 
leaders and outside experts, and 
we look for this participation to 
continue to ramp up.
Strategy
Risk Management
Metrics and Targets
Governance
Introduction

14
2021 TCFD Report
Managing Our Climate-related 
Risks
Our focus on managing climate-
related risks is an organization-
wide focus with direct oversight 
through the Board of Directors.1 
The transverse nature of climate 
transition and physical risks will 
require continued investment to 
understand the impact across our 
eight risk types. 
In 2021, the Bank appointed its first climate 
risk officer, who is charged with developing and 
overseeing a Bank-wide climate risk strategy 
across the three lines of defense. The climate risk 
officer organized the climate risk program within 
the Enterprise Risk Governance organization and 
established a team, including a director, program 
manager and analyst to support the integration of 
climate risk considerations across the Bank.
In 2021, the Bank 
partnered with 
Ceres to advise and 
support the creation 
of our formal climate risk strategy through education 
sessions. Key members of our senior management 
team participated in a Ceres-facilitated leadership 
symposium focused on climate-related risks and 
opportunities in the banking industry. This session was 
used to inform leadership on the range of climate-
related disclosures and practices in the industry. In 
addition, the Bank’s climate risk officer organized a 
Ceres-facilitated climate risk workshop for over 40 
individuals across our three lines of defense. The 
half-day event included background information on 
the identification, assessment and measurement of 
STRATEGY
climate-related risks with breakout sessions focused 
on regulatory change, physical risks and transition 
risks.  The Enterprise Risk Management Framework was 
updated to define climate risk for the Bank, and physical 
and transition risk was incorporated into each of our risk 
types to qualitatively describe how climate risk could 
impact inherent or residual risk. 
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
1See Governance.
The educational sessions 
facilitated by Ceres brought 
together leaders from across 
the Bank to hear further 
insights into climate-related 
physical and transition risks, 
and opportunities to support 
customers in their journey 
as we shift to a lower carbon 
economy. The sessions 
also helped to accelerate 
incorporating climate risk 
considerations into the Bank’s 
Risk Governance Framework. 
–MICHELE MULLINS,  
SENIOR VICE PRESIDENT & CLIMATE 
RISK OFFICER
“
”
CONTINUED

Key Members:
•	Reputation Risk
•	Investor Relations
•	Enterprise Risk 
Management 
Governance
•	Government Affairs
•	Enterprise Workplace 
Services
Key Members:
•	Risk Strategies and 
Reporting
•	Investor Relations
•	Operational Risk
•	Credit Risk
•	Decision Sciences 
Group
•	Corporate Strategy
•	Commercial Data
Objectives:
•	Financed emissions 
tracking (PCAF) for 
Oil & Gas
•	Climate data 
management strategy
•	Climate risk KRI 
and KPI dashboard 
creation
•	Define Metrics and 
Targets
Objectives:
•	Create a framework 
for a climate scenario 
analysis
•	Run scenario analyses 
for physical and 
transition risks
Objectives:
•	ESG/Reputation/
Climate enhanced 
customer/supplier due 
diligence strategy
•	Create a client climate 
transition outreach 
plan
Objectives:
•	Third-party 
management
•	Risk Framework 
climate integration
•	Governance structure 
for climate
•	Climate strategy
•	Regulatory change 
management
Key Members:
•	Capital Planning
•	Treasury Analytics
•	Credit
•	Operational Risk
•	Environmental Risk 
Management
Key Members:
•	Reputation Risk
•	Commerical KYC
•	Business Banking KYC
•	Commercial Sales
•	Credit Risk
•	Third Party 
Management
15
2021 TCFD Report
Governance
Metrics & Data
Scenario Analysis
E&S Due Diligence
The framework and climate risk strategy were provided to the Board’s RCC for review and confirmation 
in December 2021. The Climate Risk Council will provide oversight of the four working groups focused 
on the execution of initiatives to drive the maturation of climate risk management capabilities. The 
council will provide routine updates to ERMC and RCC on climate-related risk management activities. 
Working Groups and Directives
Fifth Third’s climate risk strategy is supported by cross-functional working groups, each with a specific set 
of objectives. 
Strategy
Risk Management
Metrics and Targets
Governance
Introduction

Risk 
Type
Definition
Physical Risk Examples
Transition Risk Examples
Time 
Horizons
Credit 
Risk to current or projected financial 
condition and resilience resulting 
from the failure of a borrower or 
counterparty to honor its financial or 
contractual obligations to the Bank.
Diminished ability to pay due 
to loss of income or devalued 
assets, resulting from extreme 
weather events or long-term 
climate changes.
Decline in financial health within 
susceptible industries as a result 
of the global governmental and 
economic shift toward a low-
carbon economy. 
Short
Medium
Long
Liquidity
Risk to current or projected 
financial condition or overall safety 
and soundness due to the inability 
(or perceived inability) to meet 
obligations when they come due.
Deposit runoff to fund recovery 
from significant adverse 
weather events.
Assets priced incorrectly on a 
relative basis driven by transition 
risk factors.
Medium
Long
Interest  
Rate
Risk to earnings or capital arising 
from movement of interest rates. 
Movements in interest rates cause 
changes in the profile of assets and 
liabilities as interest rates fluctuate.
Changes in the time horizon of 
principal and interest cash flows 
from assets due to significant 
adverse weather events.
Demand for banking products 
and services changes in response 
to climate-related societal 
changes, changing the profile 
of the Bank’s balance sheet and 
earnings sources.
Medium
Long
Price
Risk to earnings or capital arising 
from changes in the value of 
financial instruments and portfolios 
due to movements in interest rates, 
volatilities, foreign exchange rates, 
equity prices and commodity prices.
Adverse weather events, such 
as hurricanes and ice storms, 
causing more frequent energy 
supply disruptions, affecting 
prices and volatilities of related 
commodities.
Low-carbon transition impact on 
commodities cause inflationary 
pressures which could further 
impact the direction and volatility 
of interest rates. 
Medium
Long
Operational
Risk to current or projected financial 
condition and resilience arising 
from inadequate or failed internal 
processes or systems, human errors or 
misconduct, or adverse external events.
Sustained operational 
disruptions due to acute 
weather events damaging 
facilities.
Increased costs for building 
and operating climate-resilient 
facilities.
Short
Medium
Long
Reputation
Risk to current or projected financial 
condition, resilience or brand health 
arising from negative public opinion.
Stakeholder scrutiny due 
to the inability to provide 
timely support to customers 
and employees impacted by 
extreme weather events.
Negative public perception for 
lending exposures in carbon intensive 
sectors, industries impacted by 
transitions, or the Bank’s financed 
emissions performance.
Short
Medium
Long
Strategic
Risk arising from adverse 
business decisions or improper 
implementation of those decisions 
that could result in negative impacts 
to long-term earnings, capital 
sufficiency, resiliency or competitive 
position of the Bank.
Flawed assumptions or 
poor strategy execution in 
geographies with increasing 
exposure to acute and chronic 
severe weather or sea-level rise.
Untimely adjustments to the 
Bank’s strategy in response 
to changes in regulatory 
requirements and shifting 
markets.
Medium
Long
Legal & Regulatory 
Compliance
Risk of legal or regulatory 
sanctions, financial loss or 
damage to reputation as a result 
of noncompliance with applicable 
laws, regulations, rules and other 
regulatory requirements, internal 
policies and procedures, standards of 
best practice or codes of conduct, 
and principles of integrity.
Inability to meet compliance 
timelines or requirements due 
to business disruptions from 
acute weather events.
Difficulty implementing new 
climate-related regulations on 
bank disclosures, operations, or 
activities.
Medium
Long
16
2021 TCFD Report
Time Horizons and Risk Examples
STRATEGY
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
*Short: Operating planning, 1 year or less; Medium: Strategic planning, 1-5 years; 
Long: Climate scenario planning, 5 years or more.
*

Physical Risks
Physical risks from a changing climate can be acute 
(event-driven) or chronic longer-term shifts in the 
environment. Examples of physical risks include, but 
are not limited to, extreme weather events such 
as hurricanes, floods, winter storms, heat waves 
and droughts, as well as chronic sea-level rise and 
desertification. The Bank has taken several steps to 
better understand how physical risks could impact 
the Bank. 
In May 2021, Fifth Third’s Decision Sciences Group 
undertook a project to understand our exposure 
to flood risk, concentrating first on North Carolina 
mortgage loans. The team partnered with First 
Street Foundation, a leading, nonprofit research 
and technology company that models current and 
future flooding risks. Those include pluvial, storm 
surge and tidal flooding. The models used in the 
analysis consider factors such as the building footprint 
elevation, home value, height of the first finished floor, 
and building materials. 
The project resulted in identifying potential additional 
flood risk in North Carolina that is unaccounted for in 
FEMA’s Special Flood Hazard Areas. Fifth Third owned 
or serviced over 500,000 North Carolina mortgages 
as of Jan. 31, 2021 that met the risk criteria. Leveraging 
flood models provided by First Street, the Bank was 
able to evaluate our exposure in 1% flood areas, which 
produced a considerable increase of coastal and inland 
flooding compared to FEMA’s flood risk model.
In 2022, the Bank is expanding the analysis to apply 
the First Street flood risk models across Bank assets, 
exposures and our supply chain to understand current 
and incremental flood risks better and to incorporate 
risk mitigating actions into the Bank’s strategy.
Transition Risks
Moving to a lower-carbon economy involves 
energy transition policies, disruptive technological 
advancements (including clean energy development 
and storage), shifts in consumer and investor 
preferences or other disruptions to legacy business 
models. As companies, whether clients or third-party 
suppliers, adapt to potential new regulations to reduce 
carbon emissions, that transition could impact their 
overall financial health or business model, which 
could lead to potential credit and operational 
impacts to the Bank. Transition and physical risks from 
a changing climate will manifest in many ways and 
can be driven by a multitude of factors, including the 
adaptation and mitigation efforts to slow the warming 
of the average temperature increase to 1.5°C. 
The Bank’s Environmental and Social (E&S) Policy 
identifies sectors that pose heightened environmental 
and social risks. The policy provides guidance on 
lending activities or clients in certain sectors that are 
prohibited or that are subject to enhanced customer 
due diligence and may require escalated review and 
approval from senior leaders. The Bank assesses the 
entity’s reputation, safety, social responsibility and 
transition strategies, and through this process the Bank 
will better understand customer risks and opportunities 
in the transition to a lower carbon economy.
Clients in sectors with heightened E&S risks are subject 
to enhanced due diligence to ensure a comprehensive 
understanding. E&S sensitive sectors include, but are 
not limited to:
•	 Biodiversity & Ecosystems
— Forestry
— Palm Oil
— Large Dams
— Construction
•	 Energy with the following focus:
— Coal-related
— Nuclear Power
— Arctic Drilling
— Fracking/Shale Oil & Gas
— Midstream
— Oil Sand Development
During the client selection process, the first line 
conducts due diligence to identify and seek approval 
to onboard any clients in E&S sensitive sectors. First 
and second line senior leadership approval is required 
for all identified clients engaged in E&S sensitive 
sectors. After the client selection process, high-risk 
clients continue to be subject to ongoing due diligence 
and periodic reviews that are coordinated by the first 
line and overseen by the second line. 
17
2021 TCFD Report
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
Map represents the difference between FEMA and First Street’s risk assessment in North Carolina

As our climate risk focus has grown, we have identified tools to help assess 
short and medium-term climate-related risks across the organization. 
Our initial focus was on commercial lending in sectors with elevated environmental or climate risk across short- 
and medium-term time horizons. In developing this focus, we used environmental risk heat maps as developed by 
Moody’s Investor Service. This approach helps the Bank focus on sectors facing elevated climate-related risk to 
track and report on our own exposure. Moody’s 2020 release1 identifies 13 sectors facing heightened environmental 
credit risk, 16 sectors with higher carbon transition risk, and 18 sectors with higher physical risk.
This data allows the Bank to understand exposures, as a percentage of our overall portfolio, to sectors with very 
high or high direct environmental hazards, such as pollution, drought and severe natural and human-caused 
disasters; and sensitivity consequences of regulatory or policy initiatives that seek to reduce those hazards, such 
as policies to reduce carbon emissions. The Bank will use this exposure to begin targeted engagement with 
clients in sectors with very high and high inherent climate credit risk to better understand transition plans, 
opportunities, and risks. Our approach will include partnering with our clients to enable an orderly transition to a 
lower carbon economy.
The following chart, which has been used internally since 2018 and is now being publicly reported, offers insight into 
Fifth Third’s exposure to each sector. Each has been designated by Moody’s as high or very high inherent risk (for 
environmental credit, carbon transition or physical climate).
Exposure to Sectors with 
Sensitivity to Climate-related 
Transition and Physical Risks
18
2021 TCFD Report
STRATEGY
CONTINUED
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
1https://esg.moodys.io/reports
Summary of Key Findings for Inherent Risk Exposure to Climate-related Credit Risks
Environmental 
risk
The five environmental categories Moody's consider most material to credit are (1) carbon 
transition, (2) physical climate risks, (3) water management, (4) waste and pollution and (5) 
natural capital. For the Bank, environmental considerations pose a very high inherent 
risk to 1 sector with $8M in funded exposure and high inherent risk to 11 sectors with 
approximately $4.4B in funded exposure.
Physical  
climate risk
The physical climate risk category is defined by Moody's as sectors that have a high 
concentration of valuable physical assets in regions vulnerable to extreme weather events. For 
the Bank, physical climate risk considerations pose a high inherent risk to 14 sectors with 
approximately $5.8B in funded exposure. 
Carbon 
transition risk
The carbon transition risk category is defined by Moody's as sectors that have a high sensitivity to 
the acceleration in the transition to a low-carbon economy. For the Bank, carbon transition risk 
considerations pose a very high inherent risk to 3 sectors with approximately $2.2B in funded 
exposure and high inherent risk to 10 sectors with approximately $4.3B in funded exposure.

19
2021 TCFD Report
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
Exposures (Millions)
Moody's Climate Inherent 
Credit Risk Rating
Sector
Total $ 
Exposure
% of Total 
Exposure 
to C&I 
Portfolio
Total $ 
Funded
% of Funded 
Exposure
Environ.
Transition
Physical
Airlines
404
.030%
179
44.32%
Automobile Manufacturers
353
0.27%
159
45.12%
Automotive Suppliers
1,167
0.88%
395
33.82%
Building Materials
738
0.55%
347
47.05%
Chemicals - Commodity
897
0.67%
538
59.93%
Chemicals - Specialty
1,116
0.84%
639
57.21%
Coal Mining & Coal Terminals
49 
0.04% 
8 
15.83% 
Environmental Services & 
Waste Management
790 
0.59% 
393 
49.77% 
Mining – Metals & Other 
Materials, excluding Coal
621 
0.47% 
256 
41.23% 
Oil & Gas – Independent 
Exploration & Production
4,284 
3.22% 
2,114 
49.34% 
Oil & Gas – Midstream Energy
754 
0.57% 
198 
26.29% 
Oil & Gas – Oilfield Services
480 
0.36% 
216 
44.97% 
Oil & Gas – Refining & 
Marketing
825 
0.62% 
254 
30.81% 
Ports
112 
0.08% 
104 
92.78% 
Power Generation Projects
1,988 
1.49% 
1,142 
57.44% 
Property, Casualty & 
Reinsurance
1,402 
1.05% 
236 
16.83% 
Protein and Agriculture
2,352 
1.77% 
1,373 
58.35% 
Shipping
267 
0.20% 
221 
82.71% 
 
Steel
1,665 
1.25% 
633 
38.04% 
Surface Trans. & Logistics
2,125 
1.60% 
1,381 
65.02% 
Unregulated Utilities & Power 
Companies
1,837 
1.38% 
306 
16.68% 
Totals
24,226
18.21%
11,092
8.34%*
 Very High    
 High    
 Moderate    
 Low
*% of Funded Exposure across C&I portfolio

20
2021 TCFD Report
In 2021, the Climate Scenario 
Analysis Working Group began 
qualitatively assessing climate-
related risks using the 2020 Network 
for Greening the Financial System 
(NGFS) Overview of Environmental 
Risk Analysis by Financial Institutions 
(September 2020).1 
Two cases in which climate-related risks became 
financial risks were selected for review and discussion: 
Flood risk impact to operational risk, credit 
risk and liquidity risk
Floods may disrupt supply chains and operations 
of our clients and could threaten our business 
continuity by damaging our buildings. These 
disruptions could reduce revenue and increase repair or 
maintenance costs, for our operations and customers. 
These disruptions could also weaken a borrower’s 
ability to repay bank loans and increase loan default 
rates and losses.
•	 Key takeaways: 
—The Bank will need to consider flood risks against 
existing and future physical branch locations to 
mitigate business disruptions.
—Increasing flooding will create supply chain 
impacts for the Bank’s operations and its 
customers. This can lead to market repricing and 
high economic volatility.
—Chronic flooding will create a drop in property 
values and an increase in insurance premiums, 
disproportionately impacting homes in low and 
moderate income communities and critical 
infrastructure.
Scenario Analysis
STRATEGY
Energy transition policies impact to market 
and credit risks
Energy transition policies include measures (e.g., 
carbon taxes or pricing schemes) to limit use of 
fossil fuels that result in higher costs for a number 
of industries energy-consuming and producing 
companies reduce market demand for their products. 
The higher costs and reduced revenues cut profits 
and reduce the future cash flows of these companies 
and may result in higher loan default rates and LGD of 
carbon-intensive companies. 
•	 Key takeaways:
—A change in carbon policies could have an impact 
on client’s profitability.
—The direct impact to the Bank could stress credit risk 
metrics across several portfolios, such as oil and gas.
—Secondary and tertiary impacts are larger and much 
more difficult to determine.
—The Bank must understand broad counterparty 
exposures across different derivative products to 
understand longer term volatility.
—Any carbon tax that impacts a company’s cash flow 
will spur investment into new business models and 
low carbon technology.
The Climate Scenario Analysis Working Group will 
oversee the development of an internal Climate 
Scenario Analysis Framework and is making use of 
third parties to support the execution of physical and 
transition temperature-aligned climate scenarios in 
2022. 
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
1https://www.ngfs.net/sites/default/files/medias/documents/overview_of_environmental_risk_analysis_by_financial_institutions.pdf

Measuring financed emissions is a key metric in assessing our climate 
risk and developing net-zero aligned business strategies. By doing so, 
we derive key insight into the carbon intensity of our portfolios. 
It also acts as a key barometer to gauge the vulnerability to many risks related to climate change. To quantify 
further how transition risks, such as a carbon tax, would impact our portfolios, the Bank will need to assess 
the greenhouse gas emissions tied to our lending.
As a member of PCAF, Fifth Third’s credit risk team is developing 
an internal process to improve tracking of PCAF data elements 
that could be applied to our financial portfolio. This work has 
become a key focus of our Climate Metrics and Data Working 
Group. This data will help inform our future climate strategy and will demonstrate our commitment to 
supporting our clients and communities in the transition to a more sustainable future.
Going forward, the Bank will begin the process of incorporating financed emissions considerations into 
various risk and strategy processes, including climate scenario analysis. In 2022, the Climate Scenario Analysis 
Working Group will run multiple transition risk analyses to more fully understand our clients’ sensitivity to 
changes in energy policies and market sentiment. 
21
2021 TCFD Report
Financed Emissions
STRATEGY
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
PCAF is pleased that Fifth Third Bank has joined over 110 financial 
institutions globally that are committed to measuring and disclosing 
the emissions of their portfolios to support meeting the goals of 
the Paris Climate Agreement. Fifth Third’s drive to keep measuring 
and reducing its emissions across all scopes will make it a valuable 
collaborator in PCAF.
–CHRIS SNYDER, PCAF NORTH AMERICA LEAD
“
”

22
2021 TCFD Report
Fifth Third is committed to supporting our customers and communities 
in the transition to a low-carbon, sustainable future. 
Just as Fifth Third seeks to be an environmental leader in our industry, we want to help our customers and 
communities identify and capitalize on their own transition to a more sustainable future. This transition also 
presents a growing opportunity to expand our lending in existing and new areas. In so doing, we will seek 
to provide our customers with products and services that will help them meet their evolving needs, and 
simultaneously to inspire and support communities to drive sustainability on a local, national and ultimately 
global scale.
Climate-related opportunities for Fifth Third include:
Climate-related Opportunities
STRATEGY
Opportunity
Definition
Renewable 
energy
Investments or financing related to construction, development, acquisition, maintenance 
and operation of new wind and solar renewable energy generation, including long-term 
(5 years or more) power purchase agreements. 
Green buildings
Investments or financing related to design, development, operation, construction, 
materials, maintenance and certification costs of real estate projects that have received 
or are expected to receive third-party sustainable certifications or verification, such as 
LEED® Gold or Platinum, BREEAM® Excellent, and ENERGY STAR®85+.
Energy efficiency
Investments or financing related to energy efficiency projects and technologies that are 
designed to enable energy and emissions reductions, such as energy efficient heating 
(excluding those powered by fossil fuels) and cooling. 
Clean 
transportation
Investments or financing related to clean transportation designed or expected to 
reduce greenhouse gas emissions. These may include electric vehicles, electric vehicle 
charging stations and clean mass transportation such as electric rail and electric buses.
Sustainable 
bonds
Any type of bond instrument whose proceeds or an equivalent amount will be applied 
exclusively to finance or refinance, in part or in full, new or existing eligible green 
projects and which are aligned with the four core components of the Green Bond 
Principles.1
Sustainability-
linked corporate 
loans
Loans aim to facilitate and support environmentally and socially sustainable economic 
activity and growth by enabling lenders to incentivize the sustainability performance of 
the borrower.2
CONTINUED
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
1https://www.icmagroup.org/assets/documents/Sustainable-finance/2021-updates/Green-Bond-Principles-June-2021-140621.pdf
2https://www.lsta.org/content/sustainability-linked-loan-principles-sllp/

23
2021 TCFD Report
Renewable Energy
Fifth Third began financing renewable energy in 
2012 when the Bank financed the construction and 
operations of numerous solar projects in North Carolina. 
In 2018, a national renewable energy finance group 
was established and organized under our national 
energy, power and renewables vertical, which drastically 
expanded our sustainability practice. We currently 
provide services to more than 100 borrowers across 
28 states, which have helped lead to the completion 
of more than 600 projects. The Bank’s renewable 
energy finance practice makes use of resources from 
our energy Commercial Banking team, whose expertise 
helps clients reach their business goals. We expect 
to expand the practice and maintain our leadership 
position in the renewable energy marketplace.
Green Buildings
We recognize there is ongoing growth in the green 
building/green construction sector. Building processes 
are becoming more efficient and materials selection 
less environmentally harmful and less carbon intensive. 
These improvements will expand opportunities in green 
building financing in the years ahead. Fifth Third has 
its own experience with green buildings, certifying a 
number of our buildings as either LEED or ENERGY 
STAR certified. These programs are trusted systems for 
evaluating the environmental performance of buildings 
and will provide future opportunities for the Bank. 
Energy Efficiency
Energy efficiency is a core component of sustainability 
and climate emissions reduction. Fifth Third has 
taken significant steps toward our goal of reducing 
energy use by 25%. We invested in LED lighting, 
HVAC upgrades and building controls. We made 
improvements that allowed us to use less space 
and have expanded the sustainability of our new 
construction, renovation and facilities-related operations 
and maintenance practices. We will continue to assess 
new technologies across our portfolio to manage our 
energy needs and improve the performance of our 
buildings. We anticipate clients will pursue energy 
efficiency projects in their transition to a low-carbon 
future and we will support them in those endeavors.
Clean Transportation
Fifth Third recognizes the environmental benefits 
of electric transportation and the growth of the EV 
market. We recently installed electric vehicle charging 
stations at our headquarters in Cincinnati, allowing 
employees to charge their vehicles while they work at 
no incremental cost. Through the purchase of 100% 
renewable electricity for our operations, employees 
can now charge their vehicles in an environmentally 
responsible manner. 
50 Fifth Third locations 
are Energy Star certified
CONTINUED
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
Dividend Finance
Fifth Third recently announced a definitive 
agreement to acquire Dividend Finance, a leading 
fintech point-of-sale (POS) lender for residential 
renewable energy and sustainability-focused 
home improvement. Dividend Finance was founded 
in 2003 in San Francisco and is currently the nation’s 
#4 solar lender. With a vision of creating a more 
efficient and sustainable world by enabling more 
investment in renewable energy, Dividend pioneered 
a financing model to improve the outcome for all 
parties and help accelerate the growth of solar 
across the U.S. 
Fifth Third and Dividend share a commitment to 
accelerate the transition to a sustainable future 
through a focus on renewable energy financing. 
The acquisition is expected to close in the second 
quarter of 2022.
FEATURE

The Fifth Third  
Green Bond
In October 2021, Fifth Third issued 
its inaugural Green Bond and 
became the first U.S. financial 
institution with under $250 billion 
in assets to issue an ESG bond of 
any type. The Fifth Third Green 
Bond is aligned to the Green 
Bond Principles published by 
the International Capital Markets 
Association for use of proceeds, 
process for project evaluation and 
selection, management of proceeds 
and reporting. The bond will fund 
eligible projects in the following 
categories: green buildings, 
renewable energy, energy efficiency 
and clean transportation.
FEATURE
Fifth Third helps clients in our leasing business reduce 
their own environmental impact by converting internal 
combustion (e.g., propane or diesel) forklifts to electric. 
As of Dec. 31, 2021, Fifth Third leased over 6,000 electric 
forklifts to more than 147 clients across 45 states. For 
every 10,000 hours of use, internal combustion powered 
forklifts emit 120,000 more pounds of carbon emissions 
than electric forklifts.1 Electric forklifts, with zero local 
emissions, ensure cleaner, more healthful air, indoors 
and out. This is not only good for the environment, it’s 
good for employee health.
Sustainable Bonds
Fifth Third published 
its Sustainable Bond 
Framework with a 
second-party opinion 
from Sustainalytics, 
which indicated that the 
framework is credible, 
impactful and aligned 
with the ICMA Green 
Bond, Social Bond and 
24
2021 TCFD Report
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
SUSTAINABLE 
BOND 
FRAMEWORK
Sustainability Bond principles. Refer to Fifth Third’s 
investor relations website for details.
In addition, Fifth Third is also helping clients by 
underwriting sustainable finance bond offerings, where 
the proceeds are applied to eligible projects under 
ICMA principles. In 2021, Fifth Third participated in 
sixteen sustainable finance bond transactions (15 
green, 1 sustainability-linked) totaling $8.4BN, with 
Fifth Third’s share of ~$418MM.
Sustainability and Corporate Loans
Fifth Third participates in credit facilities with the 
concept of “green” or “sustainable” pricing, whereby 
the borrower is able to achieve reduced pricing by 
meeting certain sustainability metrics. These metrics 
can be a certain percentage of “green” assets in a 
portfolio for a real estate customer or reductions in 
greenhouse gas emissions for other corporate banking 
clients. Fifth Third believes incentivizing customers 
to achieve agreed upon sustainability or other ESG 
metrics will help support them through the transition to 
a low-carbon economy. 
Key Transaction Terms
Issuer
Fifth Third Bancorp
Security Ratings
Baa1 / BBB+ / A- ; Stable / stable / stable (Moody's / S&P / Fitch)
Security Type
Senior unsecured
Size
$500mm
Tenor
6NC5 Fixed-to-Floating (Compunded SOFR back-end)
Maturity Date
November 1, 2027
Optional 
Redemption
One-time par call on November 1, 2026
30-day par call prior to maturity
Use of  
Proceeds
To finance or refinance, in whole or in part, Eligible Green 
Projects in accordance with the Sustainable Bond Eligibility 
Criteria set forth in the Fifth Third Bancorp Sustainable Bond 
Framework (October 2021).
1“Electric Forklift Conversion Transforms Building Products Manufacturer” Electric Power Research Institute, article 3002000292, December 2013

Climate risk is one aspect of a more holistic risk management framework. 
Our risk management process ensures a consistent and comprehensive 
approach to how we identify, measure and assess, manage, monitor and 
report risks.  
We also have established processes and programs to manage and report concentration risks; to ensure robust talent, 
compensation and performance management; and to aggregate risks across the enterprise. Accountability for 
managing risk is driven through a three lines of defense structure, as outlined in our ESG report. 
Risk Management
25
2021 TCFD Report
8
RISK
TYPES
PO
LIC
IE
S
CO
MM
IT
TE
ES
LI
MI
TS
BO
AR
D 
OV
ER
SI
GH
T
IDENTIFY
RISK
ASSESS
RISK
MANAGE
RISK
MONITOR
RISK
REPORT
RISK
Fifth Third’s eight risk types are:
•	 Credit risk.
•	 Liquidity risk.
•	 Interest rate risk.
•	 Price risk.
•	 Operational risk.
•	 Reputation risk.
•	 Strategic risk.
•	 Legal and regulatory 
compliance risk.
Strategy
Risk Management
Metrics and Targets
Governance
Introduction

26
2021 TCFD Report
Identification and Assessment 
of Climate-related risks
RISK MANAGEMENT
Climate-related considerations were 
first included into our Enterprise 
Risk Management Framework in 
2017 through environmental and 
social risk oversight. In 2021, we 
began to look more closely at how 
to incorporate climate-related 
risks—including physical risks and 
transition risks—into our framework. 
The framework identifies that climate-related risks can 
arise from the impact of extreme climatic events and 
human efforts to address environmental and climate 
challenges, including changes in public policies, 
technology breakthroughs, shifts in investor or public 
sentiments, and disruptive business model innovations. 
The Bank has classified these risks as physical and 
transition risks.
Climate-related risks were first tracked in March 2018 
as “emerging” and are captured in the Bank’s quarterly 
risk profile, which is reported through management-
level and board risk committees. A “Watch/Emerging 
Risk” is a risk that, if materialized or uncontrolled 
(i.e., “inherent risk”) may cause an adverse impact to 
the front-line unit or Bank’s risk profile and achieving 
the organization’s goals and objectives. Climate-
related risks are challenging to quantify and assess 
due to limited data and other uncertainties. Given the 
transverse elements of climate-related risks, they are 
not managed as a singular risk type but rather as risk 
that could create impacts across all eight risk types.
As described in the Governance section of this report, 
the climate risk officer provides oversight of risk 
management practices for effective aggregation 
of climate risk across the first and second lines of 
defense. Management-level councils and committees 
provide direction on risk management activities 
to effectively identify, assess and manage climate 
risk across their respective areas of oversight, such 
as Operational and Credit Risk. Each of the Bank’s 
primary risk experts is responsible for maintaining 
appropriate policies, standards, controls and reporting 
to manage the impact of climate change to the Bank. 
Our front-line units and other support functions 
are responsible for implementing risk and control 
frameworks in alignment with defined tolerances 
and appetites and adherence to risk management 
practices defined in the Framework. The Bank’s 
Climate Risk Council coordinates and provides 
oversight of the implementation of management and 
reporting of climate-related risks into the Bank’s risk 
assessment and aggregation process.
As we continue to improve our data, measurement 
and scenario analyses, updates will be incorporated 
into the Enterprise Risk Management Framework and 
processes, which may include revisions to risk appetite 
statements or metrics. 
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
Climate-related risks are challenging 
and will require continued evolution in 
data and modeling capabilities.  The 
Bank is focused on understanding 
how these risks could transmit 
across all eight existing risk types 
coordinated through a centralized 
climate risk program.

27
2021 TCFD Report
Management of Climate-related 
Risks
RISK MANAGEMENT
Credit and Reputation Risk
Credit and Reputation Risk teams have oversight 
of environmental and social risks, including climate 
change. Oversight is primarily through monitoring 
of our reputation among stakeholders with respect 
to acting responsibly in protecting the environment, 
client selection in sensitive sectors and use of lending 
proceeds in transactions with enhanced environmental 
or social risks. 
In 2020, we published 
our Environmental 
and Social Policy that 
identifies sectors that pose 
heightened environmental 
and social risks. The policy 
provides guidance on clients 
in sectors and activities 
that are prohibited or that 
are subject to enhanced 
customer due diligence and 
may require escalated review 
and approval from senior leaders. The Bank maintains 
internal reputational and credit policies for evaluating 
relationships and transactions related to companies 
in environmentally sensitive and high carbon emitting 
sectors. The enhanced customer due diligence in these 
sectors will be used to advise our clients on potential 
solutions to address climate-related risks.
Commercial Lending
All commercial loans secured by commercial real 
estate are subject to environmental due diligence. 
In accordance with our Commercial Loan Policy, each 
collateral property is assessed for actual or potential 
environmental liabilities from the transaction. Our 
Environmental Risk Group is responsible for supporting 
our commercial lending teams to manage or mitigate 
any identified environmental risks. Managing 
environmental risks not only enables the Bank to 
avoid losses due to environmental liabilities, but 
also allows the Bank to finance the remediation and 
redevelopment of properties where the redevelopment 
or reuse is complicated by actual or potential presence 
of contamination.
Operational Risk
Climate-related physical risks can impact the Bank’s 
facilities, operations and employees. As the climate 
continues to warm, it may result in more frequent and 
severe weather events, such as hurricanes, tornadoes 
or flooding. This could lead to damage to bank facilities 
that could disrupt operations. Fifth Third maintains 
an Operational Risk Scenario Analysis program to 
identify potential high-impact events that could affect 
risk measurement and approaches. This process 
has been used to evaluate and report on climate-
related risks and will continue to inform climate risk 
scenario analyses. In 2018, the Bank began to quantify 
this risk through an operational loss scenario to 
calculate the impact of an acute weather event that 
temporarily impacts our data centers. The results were 
incorporated into our risk management process to 
prepare, respond and recover from potential severe 
weather events.
The Bank’s Enterprise Workplace Services & Security 
and Business Continuity teams help monitor, prepare 
and respond to issues, including severe weather, that 
may impact facilities, operations and employees. 
Enterprise Workplace Services and Security monitors 
events and takes steps to safeguard facilities to reduce 
physical damage. The Business Continuity team works 
to ensure there are plans in place to resume operations 
as quickly as possible in the event of a disruption. 
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
ENVIRONMENTAL  
& SOCIAL POLICY

Metrics and 
Targets
Progress* (As of 12/31/21)
28
2021 TCFD Report
Robust metrics and strategic targets help Fifth Third align to internal goals 
and measure success. These metrics also provide benchmarks for external 
stakeholders seeking to monitor Fifth Third’s efforts to assess and mitigate 
climate-related risks.
Sustainable Finance Target
In 2020, Fifth Third set our first sustainable finance 
goal of $8 billion to be achieved by 2025. The goal 
includes lending and financing for renewable projects 
since our first project in 2012. These projects include 
lending and financing for renewable energy, which 
we define as solar, wind, geothermal, biomass and 
hydropower. We limited the scope of our public 
commitment to include only lending and facilitation of 
capital raising because these services contribute most 
directly to attracting new investments in renewable 
power. Through Dec. 31, 2021, Fifth Third has provided 
$7.3 billion in lending and capital raising services. These 
services have helped lead to the completion of more 
than 600 renewable energy projects across 28 states. 
 $4.3B in Lending Commitments and Asset 
Finance: Providing direct financing to companies 
and projects. This capital is provided by Fifth Third 
and is reported on our balance sheet.
 $3B in Facilitation of Capital Raising: Helping 
customers raise debt and equity financing from 
other investors.
*The methodology used to prepare these figures is available in the Additional Disclosures section of ir.53.com/esg.
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
91%
ACHIEVED

29
2021 TCFD Report
Operational Sustainability 
Targets
METRICS AND TARGETS
Operational sustainability is a 
foundational element of sustainability 
and climate risk management. 
By addressing our own climate 
impact, we better prepare our own 
organization for future changes by 
reducing our exposure and risk to 
decarbonization, energy market 
volatility and potential carbon 
pricing scenarios. 
Further, by building our own sustainability and climate 
mitigation activities, we better understand the needs 
and challenges that our customers and broader 
stakeholders face.
Fifth Third established its first set of climate-
related metrics in 2017 with a commitment to 
achieve five bold sustainability goals: to purchase 
100% renewable power, to reduce energy use and 
greenhouse gas emissions by 25%, and to reduce 
water use and waste sent to landfill by 20%. We 
sought to accomplish each of these goals by 2022. 
These goals represented Fifth Third’s commitment 
to reducing its operational impact and building our 
ability to achieve key sustainability milestones. Fifth 
Third plans to update these goals in 2022.
Fifth Third has shown great progress toward these 
goals. Since their adoption, we have achieved four of 
five—purchasing 100% renewable power, 25% energy 
reduction, 44% greenhouse gas emissions reduction 
and 27% less water use—and are making progress 
toward the fifth (we’ve cut waste across our portfolio 
by 13%). 
WASTE
13%
toward  
20% goal
GHG
44%
ACHIEVED 
25% GOAL
WATER
27%
ACHIEVED 
20% GOAL
RENEWABLE POWER ACHIEVED
100%
ENERGY
25%
ACHIEVED  
25% GOAL
Sustainability Goal Progress* 
(As of 9/30/21)
Energy and water consumption KPI calculations are calculated per square foot for owned or 
ground-leased buildings where we receive a utility bill and are relative to a 2014 baseline. 
GHG KPI is location-based using national average emissions factors for all locations where 
we receive a utility bill and is relative to a 2014 baseline. Landfill waste is calculated per FTE 
using locations where we receive waste data and is relative to a 2018 baseline. Consumption 
information from locations acquired as part of the merger with MB Financial are not included 
in energy, water and waste KPI. Year-end 2020 KPI results have been independently verified 
with statements are available in the Additional Disclosures section of ir.53.com/esg. Data 
shown is as of Sept. 30, 2021, and has not been independently verified. Data as of Dec. 31, 
2021, will be independently verified and included in Fifth Third’s 2021 ESG Report.
Strategy
Risk Management
Metrics and Targets
Governance
Introduction

30
2021 TCFD Report
Purchasing 100% Renewable 
Power
METRICS AND TARGETS
Fifth Third recognizes the importance of the transition to renewable energy 
and has been growing its use of renewable power since 2010. 
Fifth Third has been purchasing renewable energy certificates, known as RECs, to offset our energy consumption 
beginning in 2010. In 2017, Fifth Third set a goal to purchase 100% renewable power, a goal we achieved in 2019 
with the opening of the 80 MWac/120 MWdc Aulander Holloman solar facility. This project was facilitated through a 
virtual power purchase agreement (PPA) signed by the Bank. 
Fifth Third’s percent of power from renewable sources:
2014
2015
2016
2017
2018
2019
2020
31.7%
32.2%
33.6%
37.7%
32.2%
97.4%
100%
Aulander Holloman Solar Facility
The PPA’s March 2018 signing facilitated the construction 
of this solar field by guaranteeing that Fifth Third would 
purchase all of the electricity generated at an agreed 
price, thereby enabling the project developer to secure 
funding and begin construction. In return for guaranteeing 
to purchase the energy produced, Fifth Third receives all 
the RECs generated from the project. In 2020, the solar 
generation from the project was more than 180,000 MWh, 
more than Fifth Third’s total electric energy consumption 
and enough to power over 21,000 homes.
FEATURE
Strategy
Risk Management
Metrics and Targets
Governance
Introduction

2021 TCFD Report
Achieving Carbon Neutrality
METRICS AND TARGETS
31
Building upon our 100% renewable power achievement and significant 
reduction in greenhouse gas emissions, we achieved another key 
milestone in 2020, when Fifth Third’s operations became carbon neutral 
for the first time.  
This means that, as an organization, we are now 
removing as much carbon dioxide as we emit from 
our buildings (including data centers), corporate 
vehicles and business travel. In terms of greenhouse 
gas accounting, this includes all Scope 1 emissions, 
all Scope 2 emissions and Scope 3 business travel 
emissions. Our carbon neutral achievement includes 
the purchase of carbon offsets for emissions that 
we are unable to abate through efficiency improvements or other measures. Offsets are an important tool that 
enables companies to invest in projects that reduce emissions and, in many cases, create valuable social and 
community co-benefits. When purchasing carbon offsets, we look for projects that are located within the markets 
we serve, certified in accordance with acceptable standards, independently verified, and aligned to United Nations 
Sustainable Development Goals. 
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
We are proud to have 
achieved carbon neutrality 
for our operations* in 2020.
*For Fifth Third’s Scope 1, Scope 2 and business travel under Scope 3 emissions
Fifth Third's 2020 carbon offsets were purchased from the Recast Energy biomass project, a thermal energy generation conversion project in Louisville, Kentucky. The project achieves GHG emissions 
reductions by displacing over 50,000 tons of carbon emissions per year in thermal energy generated from the biomass system that would have been generated from the old coal-fired system. Photo courtesy 
of Recast Energy Louisville. Used with permission.

2021 TCFD Report
32
CONTINUED
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
Greenhouse Gas Emissions
Beyond developing operational sustainability targets, Fifth Third has 
continued to annually calculate and report on its corporate greenhouse 
gas emissions.  
Fifth Third uses the Greenhouse Gas Protocol methodology1 in calculating our operational GHG footprint. Our 
calculations have been independently verified by a third party since 2014. (Verification statements are available 
on our investor relations website2.) Fifth Third’s operational greenhouse gas emissions are primarily generated 
through power and climate control in our buildings (mostly using electricity and natural gas) and our business 
travel. Since we began measuring our emissions in 2014, we have reduced our reported Scope 1, Scope 2 
(location-based) and Scope 3 emissions by over 43%. We began offsetting our Scope 2 emissions in 2010 by 
purchasing RECs and our Scope 1 and 3 emissions in 2020 by purchasing carbon offsets. 
1Prepared in accordance with the “WRI/WBCSD GHG Protocol Corporate Accounting and Reporting Standard (Scope 1 and 2),” and “WRI/WBCSD Greenhouse Gas Protocol Corporate Value Chain 
Accounting and Reporting Standard (Scope 3).”
2Available at https://ir.53.com/esg/additional-disclosures/default.aspx
GHG emissions reduction since 2014
MT CO2E  (IN THOUSANDS)
180
160
140
120
100
80
60
40
20
0
2014
2015
2016
2017
2018
2019
2020
Remaining 
emissions 
offset through 
purchased RECs 
and carbon 
offsets as part of 
carbon neutrality 
commitment. 
  Scope 1 emissions after carbon offsets
  Market-based Scope 2 emissions (after RECs)    
  Scope 3 emissions from employee business travel after carbon offsets    
  Indicates emissions offset
43% reduction in location-
based emissions.

Scope 1 covers “direct GHG emissions” from sources 
owned or controlled by the company, including natural 
gas used for heating, refrigerants, diesel and fuels used 
in corporate vehicles. Since we began measuring in 
2014, Fifth Third has reduced these emissions by more 
than 30% through investments in advanced building 
management controls, among other changes. 
Scope 2 covers “indirect GHG emissions” from 
purchased or acquired electricity and similar sources. 
Since we began measuring in 2014, Fifth Third has 
reduced these emissions by more than 45% through 
investments in LED lighting, HVAC upgrades and 
advanced building controls, among other changes. 
There are two accounting methods for Scope 2 
emissions: 
•	 The location-based method uses average emissions 
intensity for the electric power grids on which energy 
consumption occurs.
•	 The market-based method allows companies to 
account for power they have contracted to buy, 
including through the purchase of unbundled 
renewable energy certificates or through contractual 
agreements that lead to new renewable power plants 
and the bundled RECs they generate.
We report our Scope 2 emissions under both methods 
to illustrate the impact of our renewable energy 
commitment. Fifth Third does not generate any Scope 
2 market-based emissions through the purchase of 
100% Green-E certified RECs from renewable sources. 
Scope 3 covers 15 categories of other indirect GHG 
emissions, such as business travel, capital goods and 
investments. Fifth Third reports on Scope 3 emissions 
for business travel, which includes emissions related 
to air, rail, reimbursed personal vehicle and rental 
travel. In 2020, these emissions were reduced by the 
pandemic as business travel restrictions were put 
in place to ensure the safety of our workforce. Fifth 
Third continues to use videoconferencing and other 
technology to reduce the need for business travel.   
We continue to evaluate methodologies to quantify 
other Scope 3 emissions and will expand our reporting 
to several other relevant categories in our 2021 ESG 
Report. Category 15, investments, is particularly 
relevant for financial institutions and includes 
emissions associated with loans and investments. In 
March 2021, Fifth Third joined PCAF, a partnership 
of financial institutions that work together 
to develop and implement a consistent and 
transparent standard for these emissions. Fifth Third 
is committed to measuring and reporting on these 
emissions, beginning with a focus on carbon-intensive 
sectors in our commercial portfolio. Providing this 
additional information will offer greater transparency 
to third-party stakeholders and helps us focus on 
those categories having the greatest impact and the 
greatest potential for emission reductions. 
2021 TCFD Report
33
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
Fifth Third’s 2020 emissions 
by GHG Protocol category
  Scope 1 = 14% (12,995 MT CO2e)
  Scope 2 = 81% (72,695 MT CO2e)
  Scope 3 = 4% (3,952 MT CO2e) 
(Business Travel)
14%
81%
4%

2021 TCFD Report
GHG Data Table
METRICS AND TARGETS
34
Greenhouse Gas 
Emissionsa
2020
2019
2018
2017
2016
2015
2014
Scope 1 direct GHG emissions (in MT CO2e)
Natural Gas
10,983
10,803
12,100
10,715
11,003
14,286
17,936
Diesel
86
62
189
73
129
47
148
Refigerant
1,363
1,042
477
115
288
335
587
Corporate Vehicles
8
8
6
61,5
N/A
N/A
N/A
Corporate Jet
557
1,317
1,274
1,208
N/A
N/A
N/A
Total Scope 1
12,995
13,233
14,046
12,116
11,421
14,668
18,671
Scope 2 indirect GHG emissions (in MT CO2e)
Electricity
72,695
79,400
91,487
94,562
119,244
130,049
134,135
Chilled Water
0
18
31
56
71
50
41
Total Scope 2 (Location-
based)
72,695
79,417
91,519
94,617
119,315
130,099
134,176
Total Scope 2 (Market-
based)
0
2,108
61,380
58,315
78,283
86,807
90,052
Scope 3 other indirect GHG emissions (in MT CO2e)
Air Travel & Rail
1,157
4,617
3,956
3,863
4,298
3,920
3,833
Car Rentals
1,102
3,962
5,370
2,711
2,135
2,245
1,959
Personal Vehicles
1,693
3,692
3,578
3,675
N/A
N/A
N/A
Total Scope 3 from business 
travel
3,952
12,271
12,904
10,249
6,432
6,165
5,792
Total Scope 1, Scope 2 
(Market-based) and Scope 3
16,947
27,612
88,330
80,330
96,136
107,640
114,515
Purchased carbon offsets for 
Scope 1 and 3 GHG emissions
16,947
0
0
0
0
0
0
Net GHG emissions
0
27,612
88,330
80,330
96,136
107,640
114,515
N/A=Not available
Totals shown may not foot due to rounding.
aScope 1, 2, and 3 emissions have been independently verified. Verification statements are available in the Additional Disclosures section of ir.53.com/esg/. 
For calendar year 2020, carbon offsets were obtained from Recast Energy biomass project (Louisville, KY). All carbon offsets have been NSF certified.
Strategy
Risk Management
Metrics and Targets
Governance
Introduction

Next Steps
2021 TCFD Report
35
Strategy
Risk Management
Metrics and Targets
Governance
Introduction
As described in this report, Fifth Third has undertaken significant steps to incorporate climate-related considerations 
into our risk management framework and to implement governance enhancements for the oversight of these risks. 
These enhancements will enable the Bank to continuously improve our identification of climate-related risks and 
opportunities. We recognize that maintaining net-zero aligned strategies across our Bank will help generate long-
term sustainable value for our shareholders and improve the well-being of our communities.
In 2022 and beyond we are focused on the following key activities:
Key Climate Activities in 2022 and Beyond
Section Linked
1
Renew our commitment to reducing our own operational impact on the 
climate by updating our targets across the five bold sustainability goals.
Metrics and Targets
2
Update our sustainable finance goal to increase lending commitments that 
will help meet evolving needs and support communities drive sustainability 
on local, national, and global scale.
Metrics and Targets
3
Expand our flood risk exposure analysis to apply the First Street flood 
risk models across Bank assets, exposures and our supply chain to 
understand current and incremental flood risks and incorporate risk 
mitigation actions into the Bank’s  strategy.
Time Horizons and Risk 
Examples
4
Begin targeted engagement with clients in the energy sector to 
better understand transition plans and how the Bank can support the 
acceleration of those activities.
Risk Exposure
5
Execute scenario analysis using financed emissions baseline calculations 
for our energy portfolio, in alignment with current climate science, 
to understand our client’s sensitivities to transition risks across short, 
medium, and long-term horizons.
Scenario Analysis
Contact Fifth Third
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