Synovus
Synovus Financial Corp., commonly known as Synovus, is a prominent financial services company headquartered in the United States. Established in 1888, Synovus has evolved into a leading player in the banking industry, primarily serving the Southeastern region, including Georgia, Alabama, South Carolina, Tennessee, and Florida. The company offers a diverse range of services, including commercial banking, investment management, and mortgage services, distinguished by its commitment to personalised customer service and innovative financial solutions. Synovus has achieved notable milestones, such as being recognised for its strong community involvement and sustainable banking practices. With a robust market position, Synovus continues to enhance its reputation as a trusted partner for individuals and businesses seeking comprehensive financial services.
DitchCarbon Score
How does Synovus's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Synovus's score of 27 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Synovus's reported carbon emissions
In 2022, Synovus reported total carbon emissions of approximately 23,328,000 kg CO2e, comprising 3,569,000 kg CO2e from Scope 1 and about 19,758,000 kg CO2e from Scope 2 emissions. This marked an increase in Scope 1 emissions compared to 2021, where they were approximately 2,180,000 kg CO2e. In 2021, the total emissions were about 25,864,000 kg CO2e, with Scope 1 emissions at 2,180,000 kg CO2e and Scope 2 emissions at approximately 23,684,000 kg CO2e. The trend indicates fluctuations in emissions, with a notable increase in Scope 1 emissions in 2022. Synovus has not disclosed specific reduction targets or initiatives related to carbon emissions, nor have they committed to the Science Based Targets initiative (SBTi). Their climate commitments remain vague, with no documented reduction targets available. Overall, while Synovus has made strides in tracking their emissions, further clarity on their long-term climate strategies and reduction commitments would enhance their sustainability profile.
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Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 2,514,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 23,122,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Synovus is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
