Fifth Third Bank Makes BLINK Attractions Carbon Neutral with Help from Duke Energy
Fifth Third Bank, National Association, a recognized leader in environmental sustainability, announced that it is partnering with the Cincinnati USA Regional Chamber and Duke Energy to measure the carbon impact and provide the verified carbon offsets for the lighting installations at 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 Oct. 13-16, 2022.
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Cincinnati-based Fifth Third has been focused on reducing its environmental footprint for over 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 installation, Fifth Third will retire renewable energy certificates (RECs) from the Bank’s virtual power purchase agreement with an 80MW solar project, which came online in 2019. For other lighting installations, Fifth Third will provide verified carbon offsets through a registered emission removal project for an Ohio-based company, which has been verified by a third-party.
“Our purpose-driven culture and commitment to transition to a sustainable future is reflected in our involvement with BLINK,” said Tim Spence, president and CEO Fifth Third Bank. “It is a privilege to be able to put our expertise and resources toward making BLINK carbon neutral and to transforming our front porch on Cincinnati’s iconic Fountain Square into an immersive and interactive art display that demonstrates our commitment to sustainability and celebrates our headquarters city.”
At BLINK, the Bank is using Fountain Square as its stage for an experience called ElectriFi. The main attraction is “The ARRAY,” a massive installation offering an abstract, mixed media depiction of a solar powered ecosystem, which drew inspiration from Fifth Third’s commitment to 100% renewable power and its bold operational sustainability goals to be achieved through 2030. All offsets related to BLINK are third-party validated and retired 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 true-up the offsets post-event. Duke Energy is a recognized authority on energy and a trusted partner for the Bank in devising the approach to carbon neutrality for the BLINK installations.