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Synovus Financial Corp
Synovus Financial's GHG Emissions Data Preview
In 2024, Synovus Financial completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).
However, Synovus Financial has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind Synovus Financial’s Greenhouse Gas (GHG) Emissions Data
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Insights into Synovus Financial's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofSynovus Financial amounted to20,808metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Synovus Financialdecreased by 4.42%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Synovus Financial's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Synovus Financial's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Synovus Financial were 3,240 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Synovus Financial reduced its Scope 1 emissions over time?
Since 2019, Synovus Financial's Scope 1 emissions have increased by 28.88%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Synovus Financial's Scope 1 emissions remained relatively stable, indicating that Synovus Financial's emissions have plateaued with no significant change in its operational footprint.a
What are Synovus Financial's Scope 2 emissions?
In 2024, Synovus Financial reported Scope 2 greenhouse gas (GHG) emissions of 17,662 tCOâ‚‚e using the market-based method and 17,568 tCOâ‚‚e using the location-based method.a
Has Synovus Financial reduced its Scope 2 emissions over time?
Since 2019, Synovus Financial's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 23.53%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), Synovus Financial's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Synovus Financial's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Synovus Financial use for Scope 2 reporting?
In 2024, Synovus Financial reported its Scope 2 emissions using the market-based method and using the location-based method.a
Synovus Financial's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Synovus Financial’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Synovus Financial reported Scope 1 greenhouse gas (GHG) emissions of 3,240 tCOâ‚‚e and total revenues of USD 1,980 millions. This translates into an emissions intensity of 1.64 tCOâ‚‚e per millions USD.a
Synovus Financial's Scope 1 Emissions Intensity Compared to Peers
How does Synovus Financial's GHG emissions intensity compare to its peers?
In 2024, Synovus Financial reported a Scope 1 emissions intensity of 1.64 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.25, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Synovus Financial rank on GHG emissions intensity within its industry?
In 2024, Synovus Financial ranked 16 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Synovus Financial is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a