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

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

Electric vehicle charging station in a parking garage

Friday, September 23, 2022 - 10:00am

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 its2021 Environmental, Social and Governance ReportandInvestor Relations ESG Site.

About Fifth Third

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