Fifth Third Signs Power Purchase Agreement to Achieve 100 Percent Renewable Power
“Fifth Third Bancorp announced that it has become the first Fortune 500 company and first bank to sign a power purchase agreement to achieve 100 percent renewable power through a single project. Furthermore, Fifth Third becomes the first publicly-traded company to commit to purchase 100 percent renewable energy through solar power alone. . . .
“Scott Hassell, Fifth Third’s vice president and director of environmental sustainability, said, ‘Fifth Third has worked for years to become more sustainable by using energy more efficiently and by lending to the solar energy industry. Today we take great pride in becoming the first Fortune 500 company and first bank to sign a long-term agreement to buy as much solar power as we use in a year. And we are thrilled to be on track to achieve our 100% goal in 2018, four years ahead of schedule.'”