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|SunTrust Banks Inc||USA||website|
| Truist Financial Corporation
owns 100% of SunTrust Banks Inc
|SunTrust Banks Inc|
This company is listed as having best practice on a report card on lesbian, gay, bisexual and transgender equality in corporate America.
Source: Human Rights Campaign (2020)
The 2017 update to the report entitled "Worldwide Investments in Cluster Munitions: a Shared Responsibility" identifies 166 banks and other financial institutions with financial links to cluster munitions producers. This bank is listed in the report's Hall of Shame for having investments in one or more of the 6 cluster munitions producers named in the report between 1 June 2013 to 17 March 2017.
Source: Cluster Munition Coalition (2017)
The 2018 update of the International Campaign to Abolish Nuclear Weapons' (ICAN) global report, "Don't Bank on the Bomb" showed that 329 financial institutions from around the world invested into 20 companies involved in the production, maintenance and modernization of nuclear weapons. Since 2014 this financial institution invested over US$1.1 billion into 5 of the 20 nuclear weapons producers named in the report.
Source: ICAN (2018)
This company received a score of 4.7/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
This company received an S&P Global ESG Score of 22/100 in the Banks category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 7 Feb 2021). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2021)
BankTrack is a global network of civil society organisations and individuals tracking the operations of the banking sector and the activities they finance. BankTrack aims to promote fundamental changes in the banking sector so that banks adopt just and sustainable business practices. Follow the link to see this bank's profile.
Source: BankTrack (2018)
|Truist Financial Corporation|
JUST Capital polls Americans every year to identify the issues that matter most in defining just business behaviour. For their 2021 rankings the public identified 19 issues, which are organised under the headings Workers, Communities, Customers, Shareholders and Environment. JUST Capital then define metrics that map to those issues and track and analyse the largest, publicly traded U.S. companies. This analysis powers their rankings, in which this company ranked 105th of 928 companies, and 7th of 44 Banks companies.
Source: JUST Capital (2020)
The Forest 500 identifies, ranks, and tracks the governments, companies and financial institutions worldwide that together could virtually eradicate tropical deforestation. Rankings are based on their public policies and commitments and potential impacts on tropical forests in the context of forest risk commodities (palm oil, soy, beef, leather, timber and paper). This financial instiution received a score of 0%.
Source: Forest 500 (2020)
This company is the parent company of Branch Banking &Trust Company (BB&T). On 29 September 2016, BB&T agreed to pay the U.S. $83 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the US Dept of Housing and Urban Development's Federal Housing Administration that did not meet applicable requirements. It profited from the program, exposed taxpayers to losses by failing to comply with guidelines and falsely certified that it had complied with guidelines.
Source: US Dept of Justice (2016)
In December 2018, BB&T agreed to pay $24m to resolve a lawsuit accusing it of loading employees' retirement plans with poorly performing mutual funds that it managed, and collecting millions of dollars in excessive fees. This company is the parent company of Branch Banking &Trust Company (BB&T).
Source: Reuters (2018)
This company is the parent company of Branch Banking &Trust Company (BB&T). The US Securities & Exchange Commission announced in March 2019 that BB&T Securities had agreed to return more than $5m to retail investors and to pay a $500,000 penalty to settle charges that a firm it acquired misled its advisory clients into believing they were receiving full service brokerage services in-house at a discount while significantly less expensive options were available externally.
Source: US SEC (2019)
This company is the parent company of SunTrust Banks. On 14 September 2017, the US Securities & Exchange Commission charged the investment services subsidiary of SunTrust Banks with collecting more than $1.1m in avoidable fees from clients by improperly recommending more expensive share classes of various mutual funds when cheaper shares of the same funds were available. SunTrust has agreed to penalty of more than $1.1m to settle the charges.
Source: US SEC (2017)
This company has Corporate Social Responsibility claims on its website under the headings of Community Benefits Plan, the Truist Foundation, investing in communities and funding communities.
Source: company website (2020)