Sustainable Finance: Fifth Third Bank’s US$100bn Goal
Pratik Raval is Chief Sustainability Officer at Fifth Third Bank, responsible for US$100bn in impact finance by 2030 and its corporate sustainability strategy.
Fifth Third Bank has been using 100% renewable energy for all US operations for five years and was the first Fortune 500 company, and the first bank, to commit to purchasing 100% renewable energy from a single project.
With more than 20 years of leadership experience, Pratik is set to share his expertise in a keynote at Sustainability LIVE: Climate Week NYC 2025.
Titled “Financing the Future, Together: Building Sustainable Economies for All”, this keynote will close the event packed with the biggest and best in sustainability.
Secure your place to hear from Pratik and other leaders in New York City.
Pratik’s leadership at Fifth Third Bank
Pratik leads the sustainability office at Fifth Third Bank including its energy and resiliency focused community banking solutions, nonfinancial disclosures and supporting bank's climate and reputational risk management.
Fifth Third focuses on three pillars in its strategy: supporting a sustainable transition, managing climate-related risks and reducing its own footprint.
Of its US$100bn impact finance target, US$45.3bn delivered by the end of 2024.
It has also made progress, and in some cases achieved, many of its goals:
- Energy use reduced by 46%
- Location-based greenhouse gas emissions reduced by 60%
- Water use reduced by 34%, on track to achieve 50%
- Nearly 60% of waste diverted, on track to achieve 75%
- Paper use reduced by 65%
Fifth Third also completed 17 rooftop solar panel installations at new financial centres in 2024.
“In 2025, we are sustaining that positive momentum as we remain focused on major sustainability priorities,” Pratik said in its 2024 Sustainability Report.
“Ultimately, our goal is to deliver the best possible results for our customers, communities, employees and investors every day.”
Fifth Third announced its US$100bn environmental and social finance target on the release of its 2021 ESG report.
The goal is an expansion of its original US$8bn target that was achieved ahead of schedule.
About Sustainability LIVE: Climate Week NYC 2025
The event is focused on bringing together policymakers, innovators and business leaders to collaborate and create solutions for global climate change challenges.
In New York, attendees can expect discussions spanning ESG data, corporate reporting standards, climate finance, supply chain transparency and the role of digital platforms in advancing sustainability.
Alongside bringing together some of the leading companies in the world the event is CPD accredited, meaning attendees can earn one CPD point for every hour of learning.
Sustainability LIVE: Climate Week NYC 2025 is a platform that allows leaders with a shared ambition to accelerate the progress to net zero, to collaborate and come to new climate solutions.
Secure your place to attend to avoid missing out on the conversation.
