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2022-06-02 00:00:00
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Home › Bank profiles
Truist Financial CorporationUnited States
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Created on: 2016-11-01 11:31:54
Last update: 2022-03-01 00:00:00

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Truist headquarters in Charlotte NC. Photo: City Dweller 2 via Wikimedia Commons (CC BY SA 4.0)

About Truist Financial Corporation

Truist Financial Corporation (TFC) was established in December 2019 as a merger between SunTrust Bank and BB&T. SunTrust Bank was a US bank, originally established in 1891 in Atlanta when the Georgia General Assembly granted a charter for the Commercial Travelers' Savings Bank. Truist offers deposits, lending, credit cards, and trust and investment services. Through its various subsidiaries, the company provides corporate and investment banking, capital market services and mortgage banking.

Website https://www.truist.com/
Headquarters
214 N. Tryon St.
GA 30308 Charlotte
United States
CEO/chair William H. Rogers jr.
CEO
Supervisor
Federal Reserve
Annual report CSR Report 2020
Ownership
listed on NYSE

Truist's shareholder structure can be accessed here.

Complaints and grievances

Truist Financial Corporation does not operate a complaints and grievance channel for individuals or communities afftected by its finance.

Related Dodgy Deals

Truist Financial Corporation has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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On record profiles

Policy Assessments

Banks and Climate

Bank net zero commitments

BankLast update
Country
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
Details
Truist Financial Corporation
2021-03-24
USA
0
United States
Profile
Target 2025
0
Target 2030
Net zero 2050
SBT
NZBA
CCCA
20210324
Last update: 2021-03-24
Explanation

Goal 2025/2030: None

Goal 2050: None

Explanation

This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.

  • A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
  • An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.

Abbreviations:

CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
blog
external news
our news

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
blog
external news
our news

BB&T, SunTrust finish merger to become Truist in ‘seamless’ change. Here’s what’s next

2019-12-09 | The Charlotte Observer
blog
external news
our news

SunTrust, BB&T shareholders approve $66B merger

2019-07-31 | Bizjournals.com
blog
external news
our news

SunTrust is the latest bank to stop lending to detention centers

2019-07-08 | CNN Business
blog
external news
our news

BB&T, SunTrust Banks To Merge In Biggest Such Deal Since Recession

2019-02-07 | Bisnow.com
blog
external news
our news

USA: Govt. contractors accused of profiting from separation & detention of migrant & asylum seeking families

2018-07-25 | Business-humanrights.org
blog
external news
our news

U.S. court order stops some work on Mountain Valley natural gas pipeline in West Virginia

2018-06-25 | Reuters
blog
external news
our news

28 major banks warned not to finance Trans Mountain pipeline expansion

Over 20 Indigenous and environmental groups deliver urgent letter.
2017-06-09 | BankTrack, Rainforest Action Network, others
blog
external news
our news

Energy Transfer: Which banks continue to support the company behind DAPL?

2017-04-06 | Alison Kirsch - Rainforest Action Network

Documents

Type:
Year:
annual reports
2022-03-01 00:00:00

CSR Report 2020

2022-03-01 00:00:00 | Truist Financial Corporation
our publications
2021-03-24 00:00:00

Banking on Climate Chaos 2021

Fossil Fuel Finance Report
2021-03-24 00:00:00 | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club
annual reports
2021-03-16 00:00:00

Annual report 2020

2021-03-16 00:00:00 | Truist Financial Corporation
annual reports
2020-07-06 00:00:00

Annual report 2019

2020-07-06 00:00:00 | Truist Bank
csr policies
2020-07-06 00:00:00

Anti-money Laundering Program

Date listed represents date as accessed on website
2020-07-06 00:00:00 | Truist Financial Corporation
annual reports
2019-12-31 00:00:00

Annual Report 2018

2019-12-31 00:00:00 | SunTrust Bank
annual reports
2019-06-26 00:00:00

Corporate Responsibility Report 2018

2019-06-26 00:00:00 | SunTrust Bank
ngo documents
2019-04-30 00:00:00

The Wall Street Banks Still Financing Private Prisons

2019 Data Brief
2019-04-30 00:00:00 | ITPI, Public Accountability Initiative, Center for Popular Deocracy
bank documents
2018-11-26 00:00:00

Socially responsible investing

Date listed represents date as accessed on website
2018-11-26 00:00:00 | SunTrust Bank
csr policies
2018-10-12 00:00:00

Code of Business Conduct and Ethics

2018-10-12 00:00:00 | SunTrust Bank
ngo documents
2018-07-25 00:00:00

Immigration detention: an American Business

2018-07-25 00:00:00 | Urban Justice Center - Corrections Accountability Project
annual reports
2018-02-16 00:00:00

Annual Report 2017

2018-02-16 00:00:00 | SunTrust Bank
csr policies
2018-01-22 00:00:00

Anti-money laundering questionnaire

2018-01-22 00:00:00 | SunTrust Bank
correspondence
2017-06-06 00:00:00

Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO

2017-06-06 00:00:00 | Rainforest Action Network et al
csr policies
2017-03-27 00:00:00

Vendor code of conduct and ethics

2017-03-27 00:00:00 | SunTrust Bank
correspondence
2016-11-30 00:00:00

Letter from 500 organisations to SunTrust on financing DAPL

2016-11-30 00:00:00 | 500 organisations

Policies

Voluntary standards

Truist Financial Corporation has committed itself to the following voluntary standards:
  • Global Reporting Initiative

Investment policies

Truist Financial Corporation does not have publicly available investment policies. It's web page on corporate social responsibility only lists annual csr and other reports.

Year:
csr policies
2020-07-06 00:00:00

Anti-money Laundering Program

Date listed represents date as accessed on website
2020-07-06 00:00:00 | Truist Financial Corporation
csr policies
2018-10-12 00:00:00

Code of Business Conduct and Ethics

2018-10-12 00:00:00 | SunTrust Bank
csr policies
2018-01-22 00:00:00

Anti-money laundering questionnaire

2018-01-22 00:00:00 | SunTrust Bank
csr policies
2017-03-27 00:00:00

Vendor code of conduct and ethics

2017-03-27 00:00:00 | SunTrust Bank

Good moves

Year:

2019

Banks step away from US private prisons

As of June 2019, six banks, Fifth Third Bank, BNP Paribas, SunTrust Bank, JPMorgan Chase, Wells Fargo and Bank of America, have announced that they will no longer finance companies that operate private prison and detention centers, including CoreCivic and GEO Group. Two other banks, U.S. Bank and Barclays,…
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