Truist

Truist, a US-based financial intermediation services company, reported its 2024 emissions.

In 2024, Truist's total emissions were approximately 508,879,000 kg CO2e. This included about 13,382,000 kg CO2e from Scope 1 emissions, 119,012,000 kg CO2e from Scope 2 market-based emissions, and Scope 3 emissions totalling approximately 376,457,000 kg CO2e. Key contributors to Scope 3 were purchased goods and services (about 274,861,000 kg CO2e), capital goods (approximately 38,201,000 kg CO2e), and fuel and energy-related activities (around 28,359,000 kg CO2e).

Looking back, Truist's emissions in previous years were:

• 2023: Scope 1 emissions were approximately 12,840,000 kg CO2e, Scope 2 market-based emissions were about 131,359,000 kg CO2e, and reported Scope 3 categories included business travel (approximately 25,809,000 kg CO2e), fuel and energy-related activities (around 52,493,000 kg CO2e), and waste generated in operations (about 6,835,000 kg CO2e). Data for purchased goods and services under Scope 3 was not provided for this year.
• 2022: Scope 1 emissions were around 13,427,000 kg CO2e, Scope 2 market-based emissions were approximately 168,687,000 kg CO2e, and reported Scope 3 included business travel (about 19,834,000 kg CO2e) and fuel and energy-related activities (around 60,196,000 kg CO2e). Data for purchased goods and services under Scope 3 was not provided.
• 2021: Scope 1 emissions were about 12,740,000 kg CO2e, Scope 2 market-based emissions were approximately 171,492,000 kg CO2e, and reported Scope 3 included business travel (around 8,456,000 kg CO2e) and fuel and energy-related activities (about 65,893,000 kg CO2e). Data for purchased goods and services under Scope 3 was not provided.
• 2020: Scope 1 emissions were approximately 12,972,000 kg CO2e, Scope 2 market-based emissions were about 183,892,000 kg CO2e, and reported Scope 3 included business travel (around 8,780,000 kg CO2e) and fuel and energy-related activities (approximately 49,582,000 kg CO2e). Data for purchased goods and services under Scope 3 was not provided.
• 2019: Scope 1 emissions were about 17,524,000 kg CO2e, Scope 2 market-based emissions were approximately 218,277,000 kg CO2e, and reported Scope 3 included business travel (around 33,667,000 kg CO2e) and fuel and energy-related activities (about 56,768,000 kg CO2e). Data for purchased goods and services under Scope 3 was not provided.

Truist has also demonstrated commitment to emissions reduction. Its heritage company, BB&T, achieved a 25% reduction in energy (and consequently in Scope 1 and Scope 2 emissions) by 2019, three years ahead of its goal. This reduction was equivalent to approximately 1.32 million pounds of carbon dioxide. Truist does not currently have any SBTi reduction targets.