Truist Financial, a leading financial institution, is dedicated to reduce greenhouse gas (GHG) emissions as part of its commitment to addressing climate change. Truist aims to reduce its carbon emissions across scope 1, scope 2, and scope 3 categories. Truist Financial has disclosed its current greenhouse gas (GHG) emissions for the reporting period of January 1, 2022, to December 31, 2022. The company reported 14,535.26 metric tons of CO2 equivalent for scope 1 emissions, 154,288.73 metric tons of CO2 equivalent for scope 2 emissions (location-based), and 168,686.73 metric tons of CO2 equivalent for scope 2 emissions (market-based). Additionally, Truist reported 85,919.27 metric tons of CO2 equivalent under scope 3.

Truist adopts a collaborative and inclusive approach to addressing climate change by engaging with clients at their respective stages and partnering with them on their sustainability endeavors. Internally, the company collaborates across its business lines, and externally, it engages with various industries, including the financial services sector, to adopt and improve best practices.In its pursuit of initial sustainability targets set before the net-zero commitment, based on the 2019 baseline, Truist aims for a 35% reduction in Scope 1 emissions, a corresponding 35% reduction in Scope 2 (location-based) emissions, and a 25% decrease in water consumption by 2030 at locations where it receives water bills.

In conclusion, Truist Financial is committed to addressing climate change and is actively working towards reducing its carbon footprint. By implementing emission reduction measures and potentially investing in sustainable projects, Truist aims to contribute to a more sustainable future.

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