Fifth Third Bank makes BLINK attractions carbon neutral with help from Duke Energy

CINCINNATI–(BUSINESS WIRE)–Fifth Third Bank, National Association, a recognized leader in environmental sustainability, announced its partnership with the Cincinnati Regional Chamber in the United States and Duke Energy to measure carbon impact and provide verified carbon offsets for lighting installations from BLINK, Illuminated by ArtsWave, in Cincinnati. The event is one of the nation’s largest outdoor light and art festivals known for its immersive exhibits and experiences and will return to Cincinnati October 13-16, 2022.

Cincinnati-based Fifth Third has been focused on reducing its environmental footprint for more than a decade and became carbon neutral for its own operations in 2020. The Bank has been an active participant in BLINK since 2019. For its own BLINK facility, Fifth Third will retire Renewable Energy Certificates (RECs) from the Bank’s virtual power purchase agreement with an 80 MW solar project, which went live in 2019. For other installations of lighting, Fifth Third will provide verified carbon offsets through a registered emissions removal project for an Ohio-based company that has been third-party verified.

“Our goal-oriented culture and commitment to transitioning to a sustainable future is reflected in our involvement with BLINK,” said Tim Spence, President and CEO of Fifth Third Bank. “It is a privilege to be able to contribute our expertise and resources to BLINK’s carbon neutrality and the transformation of our porch on Cincinnati’s iconic Fountain Square into an immersive and interactive art exhibit that demonstrates our commitment. towards sustainability and celebrates our headquarters city.”

At BLINK, the Bank is using Fountain Square as the stage for an experience called ElectriFi. The main attraction is “The ARRAY”, a massive installation offering an abstract, mixed-media representation of a solar-powered ecosystem, which draws inspiration from Fifth Third’s commitment to 100% renewable energy and its aggressive operational sustainability goals to be achieved through 2030. All BLINK-related offsets are validated by third parties and withdrawn in accordance with industry best practices.

The Bank is working with Duke Energy to understand BLINK’s 2019 energy footprint on which it will base its initial offsets. Duke Energy is also looking to measure the actual footprint in 2022 to allow Fifth Third to adjust offsets after the event. Duke Energy is a recognized authority on energy and a trusted partner to the Bank in developing BLINK’s facility carbon neutral approach.

“Duke Energy has been a long-time supporter of BLINK, and we are thrilled to be part of this important effort to offset carbon emissions from energy consumption during the festival. Our partnership with Fifth Third highlights the progress Cincinnati is making toward a sustainable future,” said Amy Spiller, president of Duke Energy Ohio and Kentucky.

Justin Brookhart, Executive Director of BLINK, applauds this collaboration and is pushing for sustainability.

“BLINK and the Cincinnati Regional Chamber in the United States are proud to announce that the nation’s largest immersive art event is now a more sustainable event,” said Brookhart. “BLINK is known for its incredible collaborations with artists and creatives here in the Cincinnati area and around the world. This is a new kind of collaboration for us, and we thank our friends at Fifth Third Bank and Duke Energy.

About the fifth third

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent of Fifth Third Bank, National Association, a federally chartered institution. As of June 30, 2022, the company had $207 billion in assets and operated 1,080 full-service banking centers and 2,153 Fifth Third-branded ATMs in Ohio, Kentucky, Indiana, Michigan, Florida. Illinois, Florida, Tennessee, West Virginia, Georgia, the North. Carolina and South Carolina. In total, Fifth Third offers its customers access to approximately 56,000 free ATMs across the United States. Fifth Third operates four primary businesses: commercial banking, branch banking, consumer lending, and wealth and asset management. Fifth Third is one of the largest fund managers in the Midwest and, as of June 30, 2022, had $512 billion in assets under management, including $54 billion for individuals, corporations and nonprofits. through its trusts and registered companies. Investment advisory firms. Investor information and press releases can be viewed at www.53.com. Fifth Third common stock is listed on NASDAQ® Global Select Market under the symbol “FITB”.

Duke Energy Ohio/Kentucky

Duke Energy Ohio/Kentucky, a subsidiary of Duke Energy, provides electric service to 880,000 residential, commercial and industrial customers in a 3,000 square mile service area, and natural gas service to 550,000 customers in a 2,650 square mile service, in Ohio and Kentucky.

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, North Carolina, is one of the largest energy holding companies in the United States. Its electric utilities serve 8.2 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively possess 50,000 megawatts of power capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 28,000 people.

Duke Energy is executing an aggressive clean energy transition to meet its goals of net methane emissions from its natural gas business and at least 50% carbon reduction from power generation by 2030 and net emissions carbon emissions by 2050. Zero goals also include Scope 2 emissions and some Scope 3 emissions. zero-emission power generation such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune’s 2022 “World’s Most Admired Companies” list and Forbes’ “America’s Top Employers” list. More information is available at duke-energy.com. The Duke Energy News Center contains press releases, fact sheets, photos and videos. Duke Energy’s illumination features stories about people, innovations, community issues and environmental issues. Follow Duke Energy on TwitterLinkedIn, Instagram and Facebook.

About BLINK

Last experienced by more than 1.3 million people in 2019, BLINK, Illuminated by ArtsWave, welcomes all to Cincinnati, Ohio from October 13-16, 2022. The four-day, 30-block, outdoor art experience is sure to be unforgettable, uniting street art, projection mapping and light installations.

Not only does the event speak to the dynamic evolution of Cincinnati’s arts community, it taps into the city’s deep roots in supporting the arts. BLINK is illuminated by ArtsWave, the nation’s first and largest community campaign and the primary means by which Cincinnati funds its arts. When tens of thousands of people and hundreds of businesses donate to ArtsWave, they support 150 cultural organizations and projects like BLINK every year that rock our region. Donations to BLINK and other arts projects and organizations can be made at artswave.org/give.

BLINK is produced and curated by its executive partners – the Cincinnati USA Regional Chamber, AGAR and the Haile Foundation, and produced in collaboration with its partners ArtWorks, Cincy Nice and ish – to provide opportunities for regional artists and attract global creators all in pursuit of a stronger community.

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