article thumbnail

Fifth Third Publishes Second Task Force on Climate-related Financial Disclosures Report

3BL Media

1, 2021, Fifth Third Bancorp settled the issuance of its inaugural Green Bond for $500 million. The proceeds will fund green projects that align with the Company’s sustainability priorities, as outlined in the Fifth Third Bancorp Sustainable Bond Framework.

Banking 246
article thumbnail

Reflecting on COP27's Loss and Damage Fund Agreement

3BL Media

They have developed new innovations to build on products, such as green bonds and sustainability-linked loans, with new nature-based ideas added to the mix. In 2014, the business was awarded Recruitment Agency of the Year at the UK Recruiter Awards for innovation, transparency and positive disruption.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

From Green to Blue

Chris Hall

As of January 2023, green bonds had raised US$2.5 Part-credit for this meteoritic growth has been given to the Green Bond Principles (GBP) launched in 2014. Utermarck says that this model has driven the success of particularly green bonds, of which 98% of global issuances are aligned to the GBP. “And

article thumbnail

ICYMI: Fifth Third Publishes Second TCFD Report

3BL Media

1, 2021, Fifth Third Bancorp settled the issuance of its inaugural Green Bond for $500 million. The proceeds will fund green projects that align with the Company’s sustainability priorities, as outlined in the Fifth Third Bancorp Sustainable Bond Framework.

Banking 130
article thumbnail

PNC Bank Enters Into Agreement With Constellation To Power Operations With Renewable Energy

3BL Media

Since 2014, PNC has invested nearly $2.3 billion directly into renewable energy projects. In 2021, PNC financed solar projects that collectively could generate more than 2,000 megawatts of solar assets. gigawatts, Mammoth Solar will be one of the country’s largest solar farms upon completion, which is expected by end of 2024.

Banking 130
article thumbnail

ICYMI Fifth Third's New Operational Sustainability Goals

3BL Media

Since 2014, Fifth Third has reduced its location-based Scope 1 and Scope 2 emissions by more than 50%. Issued inaugural $500 million Green Bond in November 2021. Reduce potable water use by 50% (previously 20%). Divert 75% of waste from going to landfills (previously 20% waste reduction goal).

article thumbnail

Fifth Third Sets New Operational Sustainability Targets by 2030

3BL Media

Since 2014, Fifth Third has reduced its location-based Scope 1 and Scope 2 emissions by more than 50%. Issued inaugural $500 million Green Bond in November 2021. Reduce potable water use by 50% (previously 20%). Divert 75% of waste from going to landfills (previously 20% waste reduction goal).