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 29 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Synovus's reported carbon emissions
In 2022, Synovus reported total carbon emissions of approximately 23,328,000 kg CO2e, which includes 3,569,000 kg CO2e from Scope 1 emissions and 19,758,000 kg CO2e from Scope 2 emissions. The Scope 1 emissions breakdown reveals that mobile combustion accounted for about 1,885,000 kg CO2e, while fugitive emissions contributed approximately 1,258,000 kg CO2e, and stationary combustion added around 426,000 kg CO2e. Comparatively, in 2021, Synovus's 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. This indicates a reduction in total emissions from 2021 to 2022, highlighting the company's commitment to lowering its carbon footprint. Despite these reductions, Synovus has not publicly disclosed specific science-based targets (SBTi) or other formal reduction initiatives. The company does not report Scope 3 emissions, which often represent a significant portion of total corporate emissions. Synovus's emissions data is sourced directly from Synovus Financial Corp., with no cascading from a parent or related organization. The company continues to focus on its environmental, social, and governance (ESG) commitments, although specific climate pledges or initiatives have not been detailed.
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| 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 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.
