Tag: Truist

Truist commits $1.25M to UGA Innovation District

Stuart Mitchell

The University of Georgia announced it received a grant of $1.25 million from Truist Foundation and SunTrust Trusteed Foundations to establish the Truist Community Innovation Initiative, a multifaceted effort to enhance collaborative spaces and develop new programming and support for aspiring entrepreneurs in the Athens community. “First and foremost, I want to thank Truist Foundation and the SunTrust Trusteed Foundations for their generous support and for their commitment to UGA’s Innovation District,” said UGA President Jere W. Morehead. “This grant provides vital resources to connect campus and Athens community entrepreneurs…

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Truist Highlights ESG and Diversity, Equity, and Inclusion Progress in 2020 CSR and ESG Report

Stuart Mitchell

Truist Financial Corporation has released its 2020 CSR and ESG Report, highlighting the company’s meaningful progress on ESG performance and disclosure and a continued, intense focus on community involvement and financial inclusion as the company continues to help people and companies emerge from the impacts of the global COVID-19 pandemic. Truist also set clear, measurable goals and enhanced oversight to ensure its business and social impact remain connected, with ESG and diversity, equity, and inclusion (DEI) among its top 10 strategic priorities. “One of the many ways we live out…

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Truist Makes $1 Billion in Economic Impact Through Supplier Diversity

Stuart Mitchell

Truist has released their inaugural Supplier Diversity Economic Impact Report, sharing how they drive innovation, help small businesses grow and support local economies. The company state they have accomplished much of this by partnering with certified diverse-owned businesses when relying on services or products from third-party suppliers. In 2020, their diverse supplier relationships helped create a total of $1 billion in economic impact.1 This impact includes $579 million in spend supporting nearly 10,000 jobs, resulting in more than $400 million in wages for small business employees. “We’re proud of our…

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

Stuart Mitchell

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

Stuart Mitchell

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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