Truist
Truist Financial Corporation, commonly known as Truist, is a prominent American bank headquartered in Charlotte, North Carolina. Established in 2019 through the merger of BB&T and SunTrust, Truist has quickly become a key player in the financial services industry, primarily serving the Southeastern and Mid-Atlantic regions of the United States. Truist offers a comprehensive range of banking and financial solutions, including personal and commercial banking, investment services, and insurance. What sets Truist apart is its commitment to innovation and customer-centric solutions, aiming to enhance the banking experience through technology and personalised service. With a strong market position, Truist is recognised for its robust asset base and extensive branch network, making it one of the largest financial institutions in the US. The company continues to achieve significant milestones, reinforcing its dedication to community engagement and sustainable growth.
DitchCarbon Score
How does Truist'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
Truist's score of 57 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Truist's reported carbon emissions
In 2024, Truist reported total carbon emissions of approximately 13382000 kg CO2e for Scope 1 and about 119012000 kg CO2e for Scope 2, with significant contributions from Scope 3 emissions, including approximately 274861000 kg CO2e from purchased goods and services. The previous year, 2023, saw Scope 1 emissions at about 12840000 kg CO2e and Scope 2 emissions at approximately 131359000 kg CO2e. Notably, in the US, Truist's Scope 1 emissions were around 13764960 kg CO2e, with total Scope 3 emissions reaching approximately 98641000 kg CO2e. Truist has made commendable strides in reducing its carbon footprint, achieving a 25% reduction in energy consumption by 2019, three years ahead of its goal, through initiatives that cut electricity use by about 845,000 kilowatt-hours annually. This reduction equates to approximately 1.32 million pounds of carbon dioxide. The company aims for a further 30% reduction in absolute Scope 1 and 2 emissions by 2030, relative to a 2019 baseline. Truist's emissions data is sourced directly from Truist Financial Corporation, with no cascaded data from parent or related organisations. The company is committed to ongoing sustainability efforts, aligning with industry standards and climate commitments.
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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.
Truist 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.
