Truist Financial Corp
Truist Financial's GHG Emissions Data Preview
In 2023, 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 4 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 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Truist Financial's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Truist Financial amounted to 156,246 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).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Truist Financial decreased by 7.45%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
Truist Financial's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Truist Financial's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Truist Financial were 13,765 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Truist Financial reduced its Scope 1 emissions over time?
Since 2019, Truist Financial's Scope 1 emissions have decreased by 21.45%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Truist Financial's Scope 1 emissions decreased by 5.3%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are Truist Financial's Scope 2 emissions?
In 2023, Truist Financial reported Scope 2 greenhouse gas (GHG) emissions of 139,612 tCOâ‚‚e using the market-based method, and 142,481 tCOâ‚‚e using the location-based method.
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 31.71%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), 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.
What methodology does Truist Financial use for Scope 2 reporting?
In 2023, Truist Financial reported its Scope 2 emissions using the market-based method and using the location-based method.
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 2023, Truist Financial reported 98,641 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Truist Financial includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, up from 2 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain
Truist Financial's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Truist Financial's Scope 3 emissions?
In 2023, Truist Financial reported total Scope 3 emissions of 98,641 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Truist Financial reduced its Scope 3 emissions over time?
Since 2019, Truist Financial's Scope 3 emissions have remained relatively stable, indicating that Truist Financial 's emissions have plateaued with no significant change in its value chain footprint.
Compared to the previous year (2022), Truist Financial's Scope 3 emissions increased by 14.81%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does Truist Financial disclose?
In 2023, Truist Financial reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Truist Financial's Scope 3 emissions?
In 2023, the largest contributors to Truist Financial's Scope 3 emissions were:
- Fuel- and Energy-Related Services (Cat. 3): 55,696 tCOâ‚‚e (56.46%)
- Business Travel (Cat. 6): 34,824 tCOâ‚‚e (35.3%)
- Waste Generated in Operations (Cat. 5): 6,835 tCOâ‚‚e (6.93%)
Truist Financial's Scope 3 Emissions by Categories
Insights into Truist Financial's Total Carbon Footprint
In 2023, Truist Financial reported a total carbon footprint of 254,887 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.06% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Truist Financial's total carbon footprint was Scope 2 emissions, accounting for 55.9% of the company's total carbon footprint, followed by Scope 3 emissions at 38.7%.