Active
This profile is actively maintainedActive
This profile is actively maintainedWebsite | https://www.truist.com/ |
Headquarters |
214 N. Tryon St.
GA 30308 Charlotte
United States
|
CEO/chair |
Bill Rogers Chairman & CEO |
Supervisor | |
Ownership |
listed on NYSE
Truist's shareholder structure can be accessed here. |
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.
Truist Financial Corporation does not have a web page for its sustainability commitments, nor does it have publicly available bank policies. Its web page on corporate social responsibility only lists its most recent annual csr reports.
Truist Financial Corporation is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Truist Financial Corporation's link to these deals.
Truist Financial Corporation does not operate a complaints and grievance channel for individuals or communities that might have been affected by its finance.
This page evaluates Truist Financial Corporation's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
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Banks and Climate
The 2024 Banking on Climate Chaos report showed that Truist Financial provided US$ 105.352 Billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, Truist Financial provided US$ 4.967 Billion for oil, gas and coal companies expanding fossil fuels. Find further details on Truist Financial fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.
Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Truist Financial Corporation’s fossil fuel policy below.