Truist Issues First Social Bond to Advance Environmental, Social and Governance Focus

Truist Financial Corporation demonstrated its commitment to corporate social responsibility by issuing its first social bond of $1.25 billion in aggregate principal amount. As part of the company’s multitiered environmental, social and governance (ESG) strategy, the net proceeds from the issuance will support new and existing eligible social programs, including investments in affordable housing and enhancements to essential nonprofit services for communities in need. “We were thrilled by investor reception of our first social bond, particularly in the face of significant market volatility,” said Corporate Treasurer Donna Goodrich. “Our heavily…

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Truist Donates $40 Million to Launch Innovative Nonprofit Fund Supporting Ethnically, Racially Diverse and Women-Owned Small Businesses

Truist Financial Corporation have announced a $40 million initial donation to help establish CornerSquare Community Capital, a new national nonprofit fund that will support selected community development financial institutions (CDFIs) through the purchase of 25% loan participations. Through this unique partnership model, CornerSquare and Truist will enable the participating CDFIs to increase their lending capacity with their existing capital, ultimately expanding their reach and support to more small businesses in their operating areas. Through this nonprofit program, 100% of the funding will be allocated to racially and ethnically diverse small…

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Truist’s First Corporate Social Responsibility Report Highlights Significant Merger, Diversity Commitments

Truist Financial Corporation has released its first Corporate Social Responsibility (CSR) Report following the historic merger of equals between BB&T and SunTrust in December of last year. The report reveals the new company’s near and long-term approaches for its economic and environmental, social and governance (ESG) impact. “At Truist, we’re committed to inspiring and building better lives and communities through sound environmental, social and governance practices,” said Truist Chairman and Chief Executive Officer Kelly S. King. “A complementary culture and common purpose united our teammates from the beginning and empowers…

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United Way and Truist Partner With First National Youth Poet Laureate to Spread Message of Unity

At a time when America is confronting historic health, social and economic upheaval, a new television and social media advertising campaign by United Way and Truist Financial Corporation, one of the nation’s largest financial services companies, aims to spark hope and optimism for the future, and the importance of working United to build stronger communities. The campaign features an original poem, “Live United,” penned by America’s inaugural National Youth Poet Laureate, 22-year-old Amanda Gorman, and inspired by United Way and all that can be achieved when we unite for our…

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