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Financial Intermediation
US
updated 20 days ago

Graystone Tower Bank

Company website

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.

43

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.

30

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.

65%

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Graystone Tower Bank's reported carbon emissions

Inherited from Truist Financial Corporation

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.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201920202021202220232024
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

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Graystone Tower Bank's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Graystone Tower Bank is in US, which has a low grid carbon intensity relative to other regions.

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.

Graystone Tower Bank is not participating in any of the initiatives that 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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