Truist Financial

BB&T, SunTrust
Charlotte, North Carolina
Banks

Corporate Bias Rating

Expand Summary

Risk Level:

Rating - Danger
High Risk

Summary:

Truist Financial Corporation demonstrates a consistent practice of firing conservative customers and reserves the right to quit doing business with anyone who violates its code of conduct policy. Truist Financial (Truist) scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Truist increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Truist forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. Truist has donated to groups like Planned Parenthood, the Urban League, and the National LGBT Chamber of Commerce. The company supports the Equality Act and remained silent when the MLB All-Star game was moved out of their Atlanta area stadium for political reasons. Truist discriminates against religious charities in its charitable giving and is committed to carbon neutrality by 2040. For these reasons, Truist receives a High Risk rating.

View Full Report

Board Bias

Expand Summary

CEO of Truist Financial

William H. Rogers, Jr.

William H. Rogers, Jr.

Summary:

Headquartered in Charlotte, North Carolina, Truist Financial is a member of the Fortune 250 operating in the Banks industry. William H. Rogers, Jr. and William H. Rogers, Jr. serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $475,765 to Republican causes and $249,608 to Democratic causes. Under their tenure, Truist Financial currently holds a 'High Risk' risk rating.

View Full Board Bias Report

Political Contributions of Leadership:

$475,765

$249,608

Republican

Democrat

Shareholder Proposals

Expand Summary

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
4/25/23GovernanceKenneth SteinerShareholder Proposal Relating to an Independent Chairman of the Board of DirectorsFor25.80%
4/26/22GovernanceKenneth SteinerRequire Independent Board ChairAgainst33.47%
Generate Reports
Clear
Toast