Monday 31 January 2022

Truist Financial announces 2050 net zero target

Truist Financial Corporation has announced its plans to achieve net zero greenhouse gas emissions by 2050.

It will continue reducing Scope 1 and 2 emissions from its operations, through investments in energy efficiency projects at corporate offices and bank branches.

Truist will also work towards measuring and reporting on Scope 3 categories, including the financed emissions from its loans and investments.

In addition, it intends to significantly increase its investment in emerging low carbon technologies and systems.

Truist CEO Bill Rogers said: “Truist continues to take important and broad action on climate change. We are reducing our own carbon emissions, investing in renewables, energy efficiency and sustainable projects and we are partnering with our clients across all industry sectors to help drive innovation and support their transition plans.

“These steps toward achieving net zero are a clear manifestation of our purpose – to inspire and build better lives and communities – and are important to our clients and the economy.”