Tag: Truist

Truist Commits $1.45 Million to Junior Achievement of Greater Washington in Support of Financial Literacy

Stuart Mitchell

Truist Financial Corporation, together with Truist Foundation and Truist Charitable Fund, recently announced a $1.45 million commitment to Junior Achievement of Greater Washington (JAGW). The funding will support JAGW’s educational programs around financial literacy, including its JA Finance Park® program for middle school students that teaches them how to be financially capable for lifelong success. Truist shared details of its investment in Landover, Maryland, inside JAGW’s Financial Park in Prince George’s County. Ellen Fitzsimmons, chief legal officer and head of public affairs at Truist, was joined by Ed Grenier, president…

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Truist Announces $120 Million Commitment to Strengthening Small Businesses

Stuart Mitchell

Truist Financial Corporation, together with Truist Foundation and Truist Charitable Fund, have announced a $120 million commitment to strengthen and support small businesses, focusing on Black, Latinx and women-owned businesses. The commitment includes $30 million in philanthropic grants to support nonprofits who assist small businesses and diverse entrepreneurs and $5 million in philanthropic grants, which will support technical assistance, small businesses and volunteerism. In addition, $85 million in investments support debt and equity. Truist is especially focused on partnering with CDFIs, as they are uniquely centered around providing credit and financial services to underserved populations. Truist…

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Truist Announces Goal of Net Zero Greenhouse Gas Emissions by 2050

Stuart Mitchell

Truist Financial Corporation has announced plans to achieve net zero greenhouse gas (GHG) emissions by 2050, furthering the company’s aspiration to support the transition to a low-carbon economy. “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,” said Truist CEO Bill Rogers. “These steps toward achieving net zero are a clear manifestation of our…

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Truist Releases TCFD Report

Stuart Mitchell

Truist Financial Corporation has released its first Task Force on Climate-Related Financial Disclosures (TCFD) Report, adding further context and disclosures to previous CSR and ESG reports. The 2021 TCFD report focuses on the company’s efforts to transparently measure and share climate-related risks, opportunities, goals and progress. The report outlines the actions that Truist has taken to establish its climate-related governance and strategy following the merger of BB&T and SunTrust in December 2019. The report also summarizes how the company addresses each of the TCFD’s disclosure recommendations, including progress against its emissions…

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Truist Issues 2021 Social Bond Impact Report

Stuart Mitchell

Truist Financial Corporation has announced the publication of its 2021 Social Bond Impact Report, which details the investments made from the bond proceeds and underscores the company’s commitment to advancing its environmental, social and governance (ESG) goals. In March 2021, Truist issued its first social bond for $1.25 billion, with net proceeds allocated toward new and existing eligible social programs, including investments in affordable housing to provide stability for individuals and families. This was the first social bond issued by a regional bank in the U.S. “As a purpose-driven financial…

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