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Truist 2022 TCFD ReportTable of contents4A letter from our Chairman & CEO5Introduction11Governance15Risk management21Strategy29Metrics and targets33Next steps for Truist 2 1Disclosure statement This
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How to fill out corporate responsibility and sustainability

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Start by gathering information about the various areas of corporate responsibility and sustainability that your business needs to address. This can include environmental impact, social responsibility, ethical practices, and community involvement.
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Analyze your current practices and identify areas for improvement. This could involve conducting an environmental audit, assessing employee satisfaction and engagement, or evaluating your supply chain for ethical sourcing.
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Develop a corporate responsibility and sustainability strategy that aligns with your business goals and values. This strategy should include specific targets and initiatives that will help you achieve your desired outcomes.
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Continuously improve and refine your corporate responsibility and sustainability efforts based on feedback and lessons learned. This could involve updating your strategy, implementing new initiatives, or investing in employee training and development.
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Communicate your corporate responsibility and sustainability efforts to internal and external stakeholders through various channels, such as annual reports, websites, social media, and community events.
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Regularly review and update your corporate responsibility and sustainability strategy to ensure it remains relevant and impactful as your business evolves.

Who needs corporate responsibility and sustainability?

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Corporate responsibility and sustainability are important for any business, regardless of size or industry. Here are some key stakeholders who can benefit from corporate responsibility and sustainability:
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- Customers: Increasingly, consumers are seeking out businesses that demonstrate a commitment to ethical and sustainable practices. By incorporating corporate responsibility and sustainability into your business strategy, you can attract and retain more customers.
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- Employees: Corporate responsibility and sustainability initiatives can contribute to a positive and engaged workplace culture. Employees are more likely to be motivated, loyal, and proud to work for a company that prioritizes social and environmental responsibility.
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- Communities: Businesses have a responsibility to contribute to the well-being of the communities they operate in. Corporate responsibility and sustainability efforts can help enhance community development, support local economies, and build positive relationships.
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- Government and Regulators: Increasingly, governments and regulators are implementing policies and regulations related to corporate responsibility and sustainability. By proactively addressing these issues, businesses can avoid legal and reputational risks.
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- Society as a Whole: Corporate responsibility and sustainability are crucial for addressing global challenges such as climate change, poverty, inequality, and resource depletion. By taking action, businesses can contribute to a more sustainable and equitable world.
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Corporate responsibility and sustainability refer to the practices and policies undertaken by corporations to have a positive impact on society, the environment, and the economy. This includes ethical business practices, environmental stewardship, and social accountability.
Typically, public companies and certain private companies that meet specific criteria are required to file corporate responsibility and sustainability reports. This often includes large corporations and those in regulated industries.
Filling out corporate responsibility and sustainability reports generally involves collecting data on various environmental, social, and governance (ESG) metrics; aligning with established reporting frameworks; and providing an analysis of the company’s impact and initiatives in these areas.
The purpose of corporate responsibility and sustainability is to ensure that companies operate ethically and sustainably, meet stakeholder expectations, mitigate risks, and contribute positively to the global community and environment.
Companies must typically report on their environmental impacts, social responsibility initiatives, governance structures, stakeholder engagement efforts, and measures taken to promote sustainability within their operations and supply chains.
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