SunTrust Banks, Inc.
SunTrust Banks, Inc., commonly referred to as SunTrust, is a prominent financial institution headquartered in the United States. Established in 1891, the bank has evolved significantly, becoming a key player in the banking industry, particularly in the Southeastern region of the country. SunTrust offers a comprehensive range of services, including personal banking, commercial banking, investment services, and wealth management. Its commitment to customer service and innovative financial solutions sets it apart in a competitive market. With a strong market position, SunTrust has achieved notable milestones, including its merger with BB&T in 2019, which expanded its footprint and enhanced its service offerings. The bank continues to focus on delivering unique financial products tailored to meet the diverse needs of its clients.
DitchCarbon Score
How does SunTrust Banks, Inc.'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
SunTrust Banks, Inc.'s score of 30 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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In 2018, SunTrust Banks, Inc. reported total carbon emissions of approximately 53,354 tonnes CO2e for Scope 1 and about 71,864 tonnes CO2e for Scope 2, totalling around 125,218 tonnes CO2e. This data is cascaded from their parent company, Truist Financial Corporation, reflecting the emissions performance of the merged entity. SunTrust has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. Additionally, there are no reported Scope 3 emissions, indicating a focus primarily on direct and indirect emissions from their operations and energy use. As part of their climate commitments, SunTrust is involved in various industry initiatives, although specific pledges or targets have not been detailed in the available data. The absence of defined reduction strategies suggests a need for further development in their climate action framework.
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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 |
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.
SunTrust Banks, Inc. 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.
