SunTrust Mortgage, Inc. Sustainability Profile
SunTrust Mortgage, Inc., a prominent player in the US mortgage industry, is headquartered in the United States and serves a wide range of operational regions across the country. Founded in 1985, the company has established itself as a trusted provider of home financing solutions, offering a variety of mortgage products tailored to meet diverse customer needs. Specialising in residential mortgages, SunTrust Mortgage distinguishes itself through its commitment to personalised service and innovative lending options. The company has achieved significant milestones, including notable advancements in digital mortgage technology, enhancing the customer experience. With a strong market position, SunTrust Mortgage continues to be recognised for its dedication to responsible lending and customer satisfaction, making it a preferred choice for homebuyers seeking reliable mortgage solutions.
DitchCarbon Score
How does SunTrust Mortgage, 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 Mortgage, Inc.'s score of 54 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SunTrust Mortgage, Inc., headquartered in the US, currently does not have specific carbon emissions data available, as indicated by the absence of reported figures. The company is part of a merged entity with Truist Financial Corporation, which may influence its climate commitments and emissions reporting. As a merged entity, SunTrust Mortgage, Inc. inherits its climate initiatives and performance metrics from Truist Financial Corporation, which operates at a cascade level of 3. However, there are no documented reduction targets or significant climate pledges specifically attributed to SunTrust Mortgage, Inc. at this time. In the broader context, Truist Financial Corporation, as the parent organisation, may have its own climate strategies and commitments, but specific details regarding emissions reductions or targets have not been disclosed for SunTrust Mortgage, Inc. This lack of data highlights the need for transparency and accountability in corporate climate commitments within the financial services sector.
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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 SunTrust Mortgage, Inc.'s Industry?
How Carbon Intensive is SunTrust Mortgage, Inc.'s Location?
SunTrust Mortgage, Inc.'s Scope 3 Categories Breakdown
SunTrust Mortgage, Inc.'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
SunTrust Mortgage, Inc.'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.
SunTrust Mortgage, Inc. 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.
