Truist Financial CorpTruist Financial Corp - ESG Rating & Company Profile powered by AI

Industry Group:Banks

The SDG rating for Truist Financial Corp represents its reporting of the United Nations Sustainable Development Goals. Browse to the bottom of the page for potential risks for Truist Financial Corp based on industry, geography and size. The ESG rating covers 17 United Nations Sustainable Development Goals including: 'Zero Hunger', 'Sustainable Cities & Communities' and 'Peace, Justice & Strong Institutions'.

Truist Financial Corp in the Banks industry gained a UN SDG ESG Transparency Score of 8.0; made up of an environmental score of 8.0, social score of 8.0 and governance score of 8.0.

SDG Transparency Score for Truist Financial Corp 
Low
0 - 3
Medium
4 - 6

8.0

High Impact
7 - 10
Last Score Update: 2024-05-01
What drives the score for Truist Financial Corp 
8.0

Environmental

8.0

Social

8.0

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Landesbank Baden Wuerttemberg
9.5
High
2UniCredit Bank AG
9.0
High
4Citibanamex Casa de Bolsa SA de CV Casa de Bolsa Integrante del Grupo Financiero
8.2
High
4HSBC Trinkaus & Burkhardt AG
8.2
High
6Truist Financial Corp
8.0
High
6Caceis Bank SA
8.0
High
6Cadence Bancorp
8.0
High
.........
1885sakartvelos bank'i ss
0.0
Low
1885AlphaCredit Capital, S.A. de C.V.
0.0
Low
.........
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Peer Companies Benchmark
SEVVA Platform benchmarks each company against a peer group. View the full score distribution for peers by logging into SEVVA

Frequently Asked Questions

Does Truist Financial Corp have an accelerator or VC vehicle to help deliver innovation?

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Does Truist Financial Corp disclose current and historical energy intensity?

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Does Truist Financial Corp report the average age of the workforce?

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Does Truist Financial Corp reference operational or capital allocation in relation to climate change?

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Does Truist Financial Corp disclose its ethnicity pay gap?

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Does Truist Financial Corp disclose cybersecurity risks?

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Does Truist Financial Corp offer flexible work?

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Does Truist Financial Corp have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

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Does Truist Financial Corp disclose the number of employees in R&D functions?

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Does Truist Financial Corp conduct supply chain audits?

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Does Truist Financial Corp disclose incidents of non-compliance in relation to the health and safety impacts of products and services?

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Is there a statment that there is no plan to expand their cement production? (for example: 'We have no current plans to add additional cement making capacity')

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Does Truist Financial Corp conduct 360 degree staff reviews?

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Does Truist Financial Corp disclose the individual responsible for D&I?

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Does Truist Financial Corp disclose current and historical air emissions?

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Is there a statment that there is no plan to expand their coal usage? (for example: 'We have no current plans to add additional coal powered electricity generation')

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Is executive remuneration linked to climate performance?

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Does the Board describe its role in the oversight of climate-related risks and opportunities?

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Does Truist Financial Corp disclose current and / or historical scope 2 emissions?

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Does Truist Financial Corp disclose water use targets?

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Does Truist Financial Corp have careers partnerships with academic institutions?

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Did Truist Financial Corp have a product recall in the last two years?

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Does Truist Financial Corp disclose incidents of discrimination?

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Does Truist Financial Corp allow for Work Councils/Collective Agreements to be formed?

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Has Truist Financial Corp issued a profit warning in the past 24 months?

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Does Truist Financial Corp disclose parental leave metrics?

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Does Truist Financial Corp disclose climate scenario or pathway analysis?

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Does Truist Financial Corp disclose current and / or historical scope 1 emissions?

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Are Operating Expesnses linked to emissions reduction?

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Does Truist Financial Corp disclose the pay ratio of women to men?

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Does Truist Financial Corp support suppliers with sustainability related research and development?

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Does Truist Financial Corp disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?

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Does Truist Financial Corp reflect climate-related risks in its financial statements?

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Is there a statment that there is no plan to expand their carbon intensite energy assets? (for example: 'We have no current plans to carry out further drilling for oil,')

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Is Truist Financial Corp involved in embryonic stem cell research?

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Does Truist Financial Corp disclose GHG and Air Emissions intensity?

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Does Truist Financial Corp disclose its waste policy?

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Does Truist Financial Corp report according to TCFD requirements?

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Does Truist Financial Corp disclose its policies for bribery, corruption, whistle-blower, conflict of interest?

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Does Truist Financial Corp disclose energy use targets?

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Does Truist Financial Corp disclose its Renewable Energy targets?

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Are emissions metrics verified by STBi?

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Does Truist Financial Corp have a policy relating to cyber security?

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Potential Risks for Truist Financial Corp
These potential risks are based on the size, segment and geographies of the company.

Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; bankcard lending; consumer finance; home equity and mortgage lending; insurance, such as property and casualty, life, health, employee benefits, workers compensation and professional liability, surety coverage, title, and other insurance products; investment brokerage; mobile/online banking; and payment, lease financing, small business lending, and wealth management/private banking services. In addition, it offers association, capital market, institutional trust, insurance premium and commercial finance, international banking, leasing, merchant, commercial deposit and treasury, government finance, commercial middle market lending, small business and student lending, floor plan and commercial mortgage lending, mortgage warehouse lending, private equity investment, real estate lending, and supply chain financing services. Further, the company provides corporate and investment banking, retail and wholesale brokerage, securities underwriting, and investment advisory services. As of December 31, 2021, the company operated through 2,517 banking offices. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.

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