Truist Financial Corporation
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Climate Change
- Biodiversity
- Water Management
- Diversity, Equity, and Inclusion
- Transparency
Climate Goals & Targets
Long-term Goals:
- Net Zero emissions by 2050 (mentioned as a common goal, not specific to Truist)
Environmental Challenges
- Lack of consistency in ESG reporting methodologies
Mitigation Strategies
- Regulatory initiatives like the EU Taxonomy and proposed SEC guidance aim to improve reporting consistency.
Supply Chain Management
Responsible Procurement
- Promoting supply chain diversity
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: TCFD