Bank / Credit Union

Fifth Third delivers $500M green bond

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November 17, 2021

Fifth Third Bancorp has issued its Green Bond for $500 million, which will fund green projects that align with its Sustainable Bond Framework. The bond will fund projects in green buildings, renewable energy, energy efficiency and transportation, according to a press release.

"With the issuance of our inaugural Green Bond, we are aligning our financing with our investment and lending priorities and extending our leadership in environmental sustainability," Jamie Leonard, executive vice president and chief financial officer, Fifth Third, said in the release. "Our Green Bond enables us to provide liquidity to our customers in their transition to a sustainable future as well as additional investment opportunities to our investors to meet their investment objectives."

The bank is also committed to reducing its greenhouse gas emissions by 25%, water consumption and waste by 20% and to purchase 100% renewable power by 2022, according to the release.