Fifth Third Installs 20 Electric Vehicle Charging Stations at Madisonville Operations Center in Cincinnati

Sep 23, 2022 10:00 AM ET
Press Release

CINCINNATI, September 23, 2022 /3BL Media/ - As National Drive Electric Week approaches, Fifth Third today announced the installation of 20 new electric vehicle charging units at its Madisonville Operations Center parking garage in Cincinnati. The charging stations are now providing more than 4,000 employees—approximately 20% of Fifth Third’s total employee base—with the ability to charge electric vehicles. Fifth Third, which is headquartered in Cincinnati, has been growing its electric vehicle charging program since 2020.

“Growing our EV charging capacity is a natural progression for Fifth Third and its commitment to sustainability,” said Jeremy Faust, vice president and director of operational sustainability, Fifth Third Bank. “Among our five Board-approved ESG priorities are addressing climate change and delivering on our commitment to employees. Installing 20 EV charging stations for our employees’ use at our Madisonville Operations Center advances both. We are excited about this new amenity for our employees and the positive impact it will have on our natural environment.”

Fifth Third now has more than 40 EV charging ports available throughout its footprint, including 10 at Fifth Third Center in downtown Cincinnati. It also has charging ports in Chicago and Grand Rapids, Michigan. In May, Fifth Third installed its first port at one of its financial centers—Augusta Road—in Greenville, South Carolina. It was the first EV charging station from Fifth Third available for customer and community use. Fifth Third has additional EV charging stations planned.

Fifth Third recently updated and announced new bold operational sustainability goals to be achieved by 2030:

  • Continue purchasing 100% renewable power.

  • 75% reduction in location-based GHG emissions1.

  • 40% reduction in energy use.

  • 50% reduction in potable water use.

  • 75% waste diversion from landfills.

  • 75% reduction in paper use.

Additionally, Fifth Third recently announced a new $100 billion environmental and social finance target to be achieved by 2030. More about the Bank’s commitment to sustainability is available in its 2021 Environmental, Social and Governance Report and Investor Relations ESG Site.

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 June 30, 2022, the Company had $207 billion in assets and operates 1,080 full-service Banking Centers, and 2,153 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 56,000 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 June 30, 2022, had $512 billion in assets under care, of which it managed $54 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 www.53.com. Fifth Third’s common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB."

1Scope 1 and Scope 2 emissions