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2023-11-20 00:00:00
West Cumbria Coal Mine: dodgy mine, dodgier financier
2023-11-08 00:00:00
Westpac takes two steps forward, one big step back
2023-09-18 00:00:00
New report and blog: Barclays' bond with Adani
2023-08-23 00:00:00
Decarbonization: steel not making the cut
2023-11-20 11:26:40
Danske Bank excludes financing for oil and gas upstream expansion
2023-09-19 16:11:58
Société Générale announces leading climate policy on gas
2023-09-15 17:34:10
The number of major banks refusing to support EACOP reaches 24
2023-07-31 14:30:01
Equator Principles recognise projects’ risk to climate for the first time
Connect
2023-10-10 00:00:00
Still bankrolling coal (for steel)
2023-09-18 00:00:00
Barclays' bond with Adani
2023-06-26 00:00:00
How should financiers align with the Global Biodiversity Framework? Five Key Principles
2023-04-13 00:00:00
Banking on Climate Chaos 2023
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Home › Banks ›
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Truist Financial CorporationUnited States

Active

This profile is actively maintained
Last update: 2023-03-02 16:13:06
Truist headquarters in Charlotte NC. Photo: City Dweller 2 via Wikimedia Commons (CC BY SA 4.0)

Active

This profile is actively maintained
Last update: 2023-03-02 16:13:06
Bank info
BankTrack campaigns
All
About
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
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.

Sustainability
Commitments
Policies
Voluntary standards

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.

2020-07-06 00:00:00

Anti-money Laundering Program

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

Code of Business Conduct and Ethics

Bank policy
2018-10-12 00:00:00 | SunTrust Bank
2018-01-22 00:00:00

Anti-money laundering questionnaire

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

Vendor code of conduct and ethics

Bank policy
2017-03-27 00:00:00 | SunTrust Bank
Truist Financial Corporation has committed itself to the following voluntary standards:
Global Reporting InitiativeTags: sustainable development | human rights
Dodgy Deals

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.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

US banks and climate-related policy: How the sector engages on sustainable finance and real economy climate policies

New report from InfluenceMap
2023-06-29 | InfluenceMap
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2019-12-09 | The Charlotte Observer
BankTrack news BankTrack blog Partner news Partner blog

SunTrust, BB&T shareholders approve $66B merger

2019-07-31 | Bizjournals.com
BankTrack news BankTrack blog Partner news Partner blog

SunTrust is the latest bank to stop lending to detention centers

2019-07-08 | CNN Business
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks step away from US private prisons

2019-07-01 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

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

2019-02-07 | Bisnow.com
BankTrack news BankTrack blog Partner news Partner blog

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

2018-07-25 | Business-humanrights.org
BankTrack news BankTrack blog Partner news Partner blog

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

2018-06-25 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2017-04-06 | Alison Kirsch - Rainforest Action Network
Resources
Documents
2022-07-12 00:00:00

CSR report 2021

Annual report
2022-07-12 00:00:00 | Truist Financial Corporation
2022-07-12 00:00:00

Annual report 2021

Annual report
2022-07-12 00:00:00 | Truist Financial Corporation
2022-03-01 00:00:00

CSR Report 2020

Annual report
2022-03-01 00:00:00 | Truist Financial Corporation
2022-01-27 00:00:00

Truist announces net zero goals by 2050

Bank document
2022-01-27 00:00:00 | Truist Financial Corporation
2021-03-16 00:00:00

Annual report 2020

Annual report
2021-03-16 00:00:00 | Truist Financial Corporation
2020-07-06 00:00:00

Annual report 2019

Annual report
2020-07-06 00:00:00 | Truist Bank
2020-07-06 00:00:00

Anti-money Laundering Program

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

Annual Report 2018

Annual report
2019-12-31 00:00:00 | SunTrust Bank
2019-06-26 00:00:00

Corporate Responsibility Report 2018

Annual report
2019-06-26 00:00:00 | SunTrust Bank
2019-04-30 00:00:00

The Wall Street Banks Still Financing Private Prisons

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

Socially responsible investing

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

Code of Business Conduct and Ethics

Bank policy
2018-10-12 00:00:00 | SunTrust Bank
2018-07-25 00:00:00

Immigration detention: an American Business

NGO document
2018-07-25 00:00:00 | Urban Justice Center - Corrections Accountability Project
2018-02-16 00:00:00

Annual Report 2017

Annual report
2018-02-16 00:00:00 | SunTrust Bank
2018-01-22 00:00:00

Anti-money laundering questionnaire

Bank policy
2018-01-22 00:00:00 | SunTrust Bank
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

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

Vendor code of conduct and ethics

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

Letter from 500 organisations to SunTrust on financing DAPL

Correspondence
2016-11-30 00:00:00 | 500 organisations
Accountability
Grievances

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

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Banks and Climate

Banks and Climate

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.

Assessment of Truist Financial Corporation's coal policy in the Coal Policy Tool

Assessment of Truist Financial Group's policies in the Oil & Gas Policy Tracker
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