Truist Financial Corp
Truist Financial's GHG Emissions Data Preview
In 2024, Truist 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), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Truist Financial has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| 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.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 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 |
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aVerified Sources Behind Truist Financial’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Truist Financial’s data sources below and access millions more through our Disclosure Search.
Insights into Truist Financial's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Truist Financial amounted to 135,890 metric 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 Truist Financial decreased by 7.58%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Truist Financial's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Truist Financial's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Truist Financial were 13,382 metric tons of CO₂ equivalent (tCO₂e). a
Has Truist Financial reduced its Scope 1 emissions over time?
Since 2019, Truist Financial's Scope 1 emissions have decreased by 23.64%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), Truist Financial's Scope 1 emissions increased by 4.22%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Truist Financial's Scope 2 emissions?
In 2024, Truist Financial reported Scope 2 greenhouse gas (GHG) emissions of 119,012 tCO₂e using the market-based method and 122,508 tCO₂e using the location-based method. a
Has Truist Financial reduced its Scope 2 emissions over time?
Since 2019, Truist Financial's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 41.29%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2023), Truist Financial's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Truist Financial 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Truist Financial use for Scope 2 reporting?
In 2024, Truist Financial reported its Scope 2 emissions using the market-based method and using the location-based method. a
Truist Financial's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Truist Financial's Value Chain Emissions
In 2024, Truist Financial reported 25,639,809 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of Truist Financial includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Truist Financial's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Truist Financial's Scope 3 emissions?
In 2024, Truist Financial reported total Scope 3 emissions of 25,639,809 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 1.47% of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.53% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Truist Financial reduced its Scope 3 emissions over time?
Since 2019, Truist Financial's Scope 3 emissions have increased by 28,251.64%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2023), Truist Financial's Scope 3 emissions increased by 29,567.81%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does Truist Financial disclose?
In 2024, Truist Financial reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Truist Financial's Scope 3 emissions?
In 2024, the largest contributors to Truist Financial's Scope 3 emissions were: a
- Investments (Cat. 15): 25,262,988 tCO₂e (98.53%)
- Purchased Goods and Services (Cat. 1): 274,861 tCO₂e (1.07%)
- Capital Goods (Cat. 2): 38,201 tCO₂e (0.15%)
Truist Financial's Scope 3 Emissions by Categories
Insights into Truist Financial’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Truist Financial reported Scope 1 greenhouse gas (GHG) emissions of 13,382 tCO₂e and total revenues of USD 13,278 millions. This translates into an emissions intensity of 1.01 tCO₂e per millions USD. a
Truist Financial's Scope 1 Emissions Intensity Compared to Peers
How does Truist Financial's GHG emissions intensity compare to its peers?
In 2024, Truist Financial reported a Scope 1 emissions intensity of 1.01 tCO₂e per millions USD. Compared to the peer group median of 1.26 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Truist Financial rank on GHG emissions intensity within its industry?
In 2024, Truist Financial ranked 7 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Truist Financial is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Truist Financial's Total Carbon Footprint
In 2024, Truist Financial reported a total carbon footprint of 25,775,699 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10,940.88% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Truist Financial's total carbon footprint was Scope 3 emissions, accounting for 99.47% of the company's total carbon footprint, followed by Scope 2 emissions at 0.48%. a