Graystone Tower Bank Sustainability Profile
Graystone Tower Bank, a prominent financial institution headquartered in the United States, has been serving clients since its establishment in 2005. With a strong presence in major operational regions across the country, the bank has carved a niche in the competitive banking industry, focusing on personal and commercial banking services. Renowned for its innovative financial solutions, Graystone Tower Bank offers a range of core products, including savings accounts, loans, and investment services, all designed to meet the diverse needs of its clientele. The bank's commitment to customer service and technological advancement has positioned it as a trusted partner in financial growth. Over the years, Graystone Tower Bank has achieved significant milestones, including recognition for its sustainable banking practices and community engagement initiatives, solidifying its reputation as a leader in the financial sector.
DitchCarbon Score
How does Graystone Tower Bank'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
Graystone Tower Bank's score of 43 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Graystone Tower Bank currently does not have specific carbon emissions data available for recent years. However, it is important to note that the bank's emissions data is cascaded from its parent company, Truist Financial Corporation, at a cascade level of 3. This means that any climate commitments or emissions performance metrics are derived from Truist's reporting. As of now, Graystone Tower Bank has not established specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other recognised frameworks. The absence of documented reduction targets suggests that the bank is still in the early stages of formalising its climate commitments. In the context of the financial services industry, many institutions are increasingly focusing on sustainability and carbon reduction strategies. While Graystone Tower Bank has not yet publicly committed to specific climate initiatives, it is essential for the bank to align with industry standards and best practices to enhance its environmental performance and transparency. Overall, the lack of specific emissions data and reduction targets indicates an opportunity for Graystone Tower Bank to develop a robust climate strategy that aligns with the growing expectations for corporate responsibility in addressing climate change.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 17,524,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 218,277,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 90,435,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
How Carbon Intensive is Graystone Tower Bank's Industry?
How Carbon Intensive is Graystone Tower Bank's Location?
Graystone Tower Bank's Scope 3 Categories Breakdown
Graystone Tower Bank's Scope 3 emissions, which increased by 338% last year and increased by approximately 318% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 74% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 73% of Scope 3 emissions.
Top Scope 3 Categories
Graystone Tower Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Graystone Tower Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
