Truist Financial Corporation, commonly known as Truist, is a prominent player in the United States' financial intermediation sector, specialising in banking and financial services. Headquartered in Charlotte, North Carolina, Truist serves a broad client base across the US, offering a comprehensive range of retail, commercial, and wealth management solutions. Founded in 2019 through the merger of BB&T and SunTrust Banks, Truist quickly established itself as a leading financial institution with a focus on innovative banking products and personalised service.
The company’s core offerings include deposit accounts, lending, investment management, and treasury services, distinguished by their customer-centric approach and technological integration. Recognised for its stability and growth, Truist has secured a notable position within the industry, continually expanding its footprint and enhancing its service capabilities to meet evolving market demands.
+10 vs industry average
Truist’s score of 47 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at Truist?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Truist's reported carbon emissions
Truist, a financial intermediation services company headquartered in the US, has reported its carbon emissions across various scopes.
In 2024, Truist's total emissions amounted to approximately 475,281,000 kg CO2e. This figure comprises Scope 1 emissions of about 13,382,000 kg CO2e, Scope 2 emissions of approximately 119,012,000 kg CO2e (market-based), and Scope 3 emissions estimated at 342,887,000 kg CO2e.
For 2023, the company's total emissions were approximately 479,100,000 kg CO2e. This includes Scope 1 emissions of around 12,840,000 kg CO2e, Scope 2 emissions of approximately 131,359,000 kg CO2e (market-based), and Scope 3 emissions of 334,901,000 kg CO2e. It's noted that Scope 3 data for purchased goods and services was missing for this year.
Looking back, Truist's total emissions in 2022 were approximately 482,713,000 kg CO2e, with Scope 1 at about 13,427,000 kg CO2e, Scope 2 (market-based) at roughly 168,687,000 kg CO2e, and Scope 3 at 300,600,000 kg CO2e. Similar to 2023, Scope 3 data for purchased goods and services was absent.
In 2021, total emissions were approximately 458,219,000 kg CO2e, with Scope 1 at about 12,740,000 kg CO2e, Scope 2 (market-based) at roughly 171,492,000 kg CO2e, and Scope 3 at 274,000,000 kg CO2e. Purchased goods and services data for Scope 3 was also missing.
For 2020, total emissions were approximately 455,766,000 kg CO2e, comprising Scope 1 of about 12,972,000 kg CO2e, Scope 2 (market-based) of roughly 183,892,000 kg CO2e, and Scope 3 of 258,900,000 kg CO2e.
In 2019, Truist's total emissions were approximately 493,525,000 kg CO2e. Scope 1 emissions were around 17,524,000 kg CO2e, Scope 2 (market-based) was approximately 218,277,000 kg CO2e, and Scope 3 was about 257,724,000 kg CO2e.
Truist has demonstrated a commitment to emissions reduction. Notably, heritage BB&T achieved a 25% reduction in energy by 2019, three years ahead of its target, through programmes that cut electricity use, resulting in approximately 1.32 million pounds of carbon dioxide reduction. This achievement applied to both Scope 1 and Scope 2 emissions.
Truist's data is not cascaded from a parent organisation, and it provides its own emissions performance data.
Unlock detailed emission data
Access structured emission data, company specific factors and auditable source documents
Truist’s Climate Goals (2030 & 2050)
2 goals2019
25% reduction in Scope 2
In 2019, three years ahead of its goal, heritage BB&T achieved a 25% reduction in energy by implementing programs to cut electricity use by…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
Already have an account? Sign in now
Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
Already have an account? Sign in now
Emissions comparison with industry peers
View similar organisations
Truist
Usage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn moreCurious to see your top suppliers emissions?
Book a demo for a pilot project