Truist Financial : 2023 Disclosure Summary

Truist 2023

Disclosure

Summary

Published April 2024

SASB ID

Description

Truist Response

Data Security

	(1) Number of data breaches.	Truist had no material breaches during the time period of this disclosure (2023). Please
FN-CB-230a.1	(2) Percentage involving personally	find information on cybersecurity and privacy at Truist in the Responsible Business
identifiable information (PII).	and Clients sections of our 2023 Corporate Responsibility & Sustainability Report,
		beginning on pages 7 and 20, respectively.
	(3) Number of account holders affected.
	(1) Description of approach to identifying	Truist maintains an information security program, including reasonable safeguards
	data security risks.	to protect the security, confidentiality, and integrity of client information, and works
		to provide a secure financial experience for all clients. Truist's program includes
	(2) Description of approach to addressing	administrative, technical, and physical safeguards to protect the security and
	confidentiality of client information in accordance with applicable state and federal
	the risks identified.
	laws such as the Gramm-Leach-Bliley Act, 15 U.S.C. §§ 6801 et seq.
		Like other financial services companies, Truist faces a variety of cyber threats to the
		security and confidentiality of its data, its clients data, and to the availability of its
	(3) Description of trends in company's own	services. For more information, see Truist's 2023 10-K,pages 13-14 (Privacy, Data
	Protection, and Cybersecurity), and pages 19, 75-77 (Technology Risks), the 2024
	data security attacks.
	Proxy Statement,pages 37-38 (Information Security/Cybersecurity), and the 2023
		Corporate Responsibility & Sustainability Report,page 14 (Cybersecurity and data
		privacy).
		Truist is subject to various state and federal laws related to the disclosure of incidents
		of unauthorized access to customer information processed in systems Truist or its
	(4) Description of company policy on	service providers use to access, collect, store, use, transmit, protect, or dispose
	of information. Truist maintains policies and procedures designed to ensure that
	disclosing data breaches to customers.
	incidents potentially triggering notification obligations, including timely notifications
		to clients and regulatory entities, are promptly evaluated and assessed consistent with
		applicable laws and Truist policies.
		Truist maintains an information security program and works to provide a secure
FN-CB-230a.2		financial experience for our clients. Truist's program includes administrative,
	technical, and physical safeguards to protect the security and confidentiality of
		client information in accordance with applicable state and federal laws such as the
	(5) Description of efforts to manage new	Gramm-Leach-Bliley Act, 15 U.S.C. §§ 6801 et seq. Truist regularly enhances its cyber
	and emerging cyberthreats.	safeguards in collaboration with the financial industry groups (i.e, FS-ISAC, CISA) with
		regular reporting of the cyber threat landscape to Truist Senior Leadership. For more
		information, see Truist's 2023 10-K,pages 19 and 75-77 (Technology Risks), and the
		2023 Corporate Responsibility & Sustainability Report,pages 7 and 20, respectively
		(Responsible Business and Clients).
		Truist is subject to various state and federal laws related to data security such as the
		Gramm-Leach-Bliley Act, 15 U.S.C. §§ 6801 et seq. In addition, Truist's insurance
	(6) Description of regulatory environment	entities are subject to state and federal laws specific to the insurance industry, such
	and data security.	as the South Carolina Insurance Data Security Act. For more information, see Truist's
		2023 10-K,pages 19 and 75-77 (Technology Risks) and the 2024 Proxy Statement,
		pages 37-38 (Information Security/Cybersecurity).
		Truist is subject to various state and federal laws related to data security such as the
		Gramm-Leach-Bliley Act, 15 U.S.C. §§ 6801 et seq. In addition, Truist's insurance
		entities are subject to state and federal laws specific to the insurance industry, such as
	(7) Description of alignment with external	the South Carolina Insurance Data Security Act. Truist's information security program
	aligns with the National Institute of Standards and Technology (NIST) Cybersecurity
	frameworks for data security.
	Framework, the Federal Institutions Examination Council, the IT Governance Institute
		Framework, and the Control Objectives for Information and Related Technology
		(COBIT) Standards, and complies with applicable state and federal laws such as the
		Gramm-Leach-Bliley Act, 15 U.S.C. §§ 6801 et seq.

Financial Inclusion & Capacity Building

	(1) Number and (2) amount of loans
FN-CB-240a.1	outstanding qualified to programs
designed to promote small business and
	community development.

See the 2023 Corporate Responsibility & Sustainability Report,pages 24-27 (Financial Inclusion and Education); 28-44 (Community); and page 16 of the 2023 Annual Report.

SASB disclosures

Truist 2023 Disclosure Summary

2

SASB ID

Description

Truist Response

		Truist received the highest possible overall rating of "Outstanding" from the Federal
		Deposit Insurance Corporation for its most recent Community Reinvestment
Note to FN-CB-	Discussion of results of the examinations	Act (CRA) examination period (2017-2019). Additional information on the Truist
for compliance with the Community	strategy to expand its portfolio of loans qualified to programs designed to promote
240a.1
Reinvestment Act (CRA).	small business and community development, as well as how the results of the CRA
		examinations are integrated into financial inclusion and capacity building strategy, can
		be found in this press release.
	(1) Number and (2) amount of past due and	Partial information can be found in the 2023 Corporate Responsibility & Sustainability
FN-CB-240a.2	nonaccrual loans qualified to programs	Report,pages 24-27 (Financial Inclusion and Education) and pages 28-44
designed to promote small business and	(Community). Also see Consolidated Reports of Condition and Income for a Bank with
	community development.	Domestic and Foreign Offices FFIEC 031 (CallReport).
	(1) Total number of no-cost retail checking
	accounts provided to previously unbanked
	or underbanked customers.	See the 2023 Corporate Responsibility & Sustainability Report,pages 7, 20 and 24,
FN-CB-240a.3	(2) Number of no-cost checking	respectively (Clients and Financial Inclusion and Education) for a description of our
	Truist One Banking and Truist Confidence account products.
	accounts opened and number of no-cost
	checking accounts closed by unbanked/
	underbanked customers.
	Number of participants in financial literacy	See the 2023 Corporate Responsibility & Sustainability Report,pages 24-27 (Financial
FN-CB-240a.4	initiatives for unbanked, underbanked, or
Inclusion and Education).
	underserved customers.
	Description of initiatives and programs
Note to FN-CB-	focused on improving financial literacy	See response to FN-CB-240a.4.
240a.4	of unbanked/underbanked/underserved
	customers.
Incorporation of ESG Factors in Credit
FN-CB-410a.1	Commercial and industrial credit exposure,	Basel III Pillar 3 Regulatory Capital Disclosures,page 15 (Commercial Credit Exposure
by industry.	by Industry).
		The Truist Enterprise Risk Management Framework comprises eight primary
	(1) Description of approach to	risks: strategic, credit, market, liquidity, compliance, operational, technology, and
	incorporation of environmental, social, and	reputational. Environmental and social issues have the potential to impact all of these
	governance (ESG) factors in credit analysis.	risks. Truist is working to integrate climate risk into its credit risk management process
		such that climate change considerations are included in the full credit life cycle.
	(2) Description of approach to
	incorporation of environmental, social, and
	governance (ESG) factors in credit analysis	See the 2023 TCFD Report,pages 12 and 17 (Risk Management and Strategy).
	- The scope shall include commercial
	and industrial lending as well as project
	finance.
FN-CB-410a.2
(3) Description of approach to	Risk Management implements policies and procedures with respect to its own
	incorporation of environmental, social, and
	processes. In addition, Truist continues to review and update existing policies and
	governance (ESG) factors in credit analysis
	procedures, where necessary, to incorporate climate-related risks and to provide
	- Policies that determine approach to
	guidance that Truist's approach to these risks is in line with the strategy and risk
	incorporation of ESG factors in credit
	appetite set by the Truist Board of Directors.
	analysis.
	(4) Description of approach to
	incorporation of environmental, social, and
	governance (ESG) factors in credit analysis	See the 2023 TCFD Report,page 17 (Strategy) for more information about Truist's
	- Description on how to incorporate ESG
	climate scenario analysis.
	factors when estimating credit losses over
	the contractual term of the entity's
	financial assets.

SASB disclosures

Truist 2023 Disclosure Summary

3

SASB ID

Description

Truist Response

FN-CB-410a.2

1. Description of approach to incorporation of environmental, social, and

governance (ESG) factors in credit analysis	See response above to FN-CB-410a.2.1.
- Description of approach to
implementation of the aspects of ESG
incorporation practices.

1. Description of approach to incorporation of environmental, social, and

governance (ESG) factors in credit analysis	See the 2023 TCFD Report,pages 9 and 12 (Governance and Risk Management).
- Description of oversight/accountability
approach to the incorporation of ESG
factors.

1. Description of approach to incorporation of environmental, social, and governance (ESG) factors in credit analysis

- Discussion of conducting scenario	See the 2023 TCFD Report,page 17 (Strategy) for more information about Truist's
analysis and/or modeling in which the risk	climate scenario analysis.
profile of future ESG trends is calculated
at the portfolio level of commercial and
industrial credit exposure.

1. Description of approach to incorporation of environmental, social, and

governance (ESG) factors in credit analysis	See the 2023 TCFD Report,page 17 (Strategy) for more information about Truist's
- Discussion of ESG trends that it views as
assessment of climate-related risks as well as a summary of commercial and industrial
broadly applicable in terms of their impact
exposures by sector.
on sectors and industries, as well as the
trends it views as sector- or industry-
specific.

1. Description of approach to incorporation of environmental, social, and

governance (ESG) factors in credit analysis	See the 2023 TCFD Report,page 17 (Strategy) for more information about Truist's
- Description of significant concentrations
carbon-related assets as well as a summary of commercial and industrial exposures
of credit exposure to ESG factors,
by sector.
including, but not limited to, carbon-
related assets, water-stressed regions,
and cybersecurity risks.

1. Description of approach to incorporation of environmental, social, and

governance (ESG) factors in credit analysis	See the 2023 TCFD Report,page 12 (Risk Management) for more information
- Description of ESG factors incorporated
regarding climate risk assessments.
in the assessment and influence the
entity's perspective on traditional
macroeconomic factors.

Business Ethics

	Total amount of monetary losses as a
	result of legal proceedings associated
FN-CB-510a.1	with fraud, insider trading, anti-trust,	10-K,pages 137-138 (Note 16: Commitments and Contingencies).
[WEF]*	anti-competitive behavior, market
	manipulation, malpractice, or other related
	financial industry laws or regulations.
		Code of Ethics,Page 7 (Protecting Whistleblowers). For additional information, see our
FN-CB-510a.2	Description of whistleblower policies and	Accounting, Securities, and Legal Violations Policy(also known as the "Whistleblower
procedures.	Policy"), which is designed to encourage teammates to report suspected violations of
		accounting; securities; and other laws, rules, regulations, policies, and standards.

Systemic Risk Management

FN-CB-550a.1	Global Systemically Important Bank
(G-SIB) score, by category.

As of Dec. 31, 2023, the Basel Committee on Banking Supervision's assessment methodology did not consider Truist to be a Global Systemically Important Bank (G-SIB).

* Rows denoted with [WEF]* indicate Core Metrics and Disclosures included in the World Economic Forum's (WEF) "TowardCommon Metrics and Consistent Reporting of Sustainable Value Creation."

SASB disclosures

Truist 2023 Disclosure Summary

4

SASB ID

Description

Truist Response

FN-CB-550a.2

	Truist regularly performs stress testing on its capital levels at both the consolidated
	and bank level to help inform management with regard to the performance of the
	Company during baseline and stress conditions. The stress test results are one
	of several tools used to establish minimum capital goals and operating targets
	aligned with Truist's unique risk appetite and risk profile, and the firm's ability to
(1) Discussion on how results of mandatory	continue acting as a financial intermediary even in times of stress. Key information
and voluntary stress tests and capital	from the stress test, such as loss rates in stress relative to peers, provides valuable
planning reports inform the entity's	confirmation of Truist's commitment to prudent risk management as well as flexibility
decisions and incorporated into capital	for sensible capital deployment. Additionally, the stress testing exercise also
planning, long-term corporate strategy,	provides the opportunity for management to discuss and challenge defensive risk
and other business activities.	management actions that can be deployed to limit the impact of stressful economic
	events. Ultimately, management uses information from the stress test to inform the
	appropriate level of capital deployment in order to meet the expectations of internal
	and external stakeholders and live our purpose to inspire and build better lives and
	communities. For additional information, see the Basel III Pillar 3 Regulatory Capital
	Disclosures 4Q23, pages 8-9.
(2) Discussion on how the stress test
results inform its approach with respect to	See the 2023 TCFD Report,page 17 (Strategy).
its environmental, social, and governance
(ESG) strategy.

Activity Metrics

	(1) Number and (2) value of checking and	Over the full year of 2023, Truist had an average of 10.2 million consumer checking
	and savings accounts with total balances of $151.7 billion on average. In addition, we
FN-CB-000.A	savings accounts by segment: (a) personal
had an average of 1.1 million small business checking and savings accounts with total
	and (b) small business.
	balances of $28.2 billion on average.
	(1) Number and (2) value of loans by	10-K,pages 57-60 (Lending Activities), and Basel III Pillar 3 Regulatory Capital
FN-CB-000.B	segment: (a) personal, (b) small business,
Disclosures4Q23, pages 10-15.
	and (c) corporate.

SASB disclosures

Truist 2023 Disclosure Summary

5

GRI Code

Description

Truist Response

The organization and its practices

	a. Legal name of Organization.	10-K,Cover page.
	b. Nature of ownership and legal	10-K,page 4 (Item 1. Business); 10-K, pages 42-44 (Item 5. Market for Registrant's
	Common Equity, Related Stockholder Matters and Issuer of Purchases of Equity Securities);
	form.
2-1: Organizational	2024 Proxy Statement,pages 87-88 (Stock Ownership Information).
details	c. Location of the organization's	10-K,page 4 (Item 1. Business).
	headquarters.
	d. Report its countries of	10-K,page 41 (Item 2. Properties).
	operation.
2-2: Entities included	Entities included in the	10-K,pages 95-109 (Note 1: Basis of Presentation); 10-K,page 159 (Exhibit 21.
in the organization's	organization's sustainability	Subsidiaries of the Registrant). Material entities included in Truist's financial reporting are
sustainability reporting	reporting.	also included in Truist's sustainability reporting.
	a. Specify the reporting period	The 2023 Corporate Responsibility & Sustainability Reportand this Disclosure Summary
	for, and the frequency of, its	mainly cover information from 2023, unless otherwise indicated. Truist aims to publish
	sustainability reporting.	Corporate Responsibility and Sustainability information annually.
	b. Specify the reporting period
	for its financial reporting and, if
2-3: Reporting period,	it does not align with the period	10-K,Cover page.
for its sustainability reporting,
frequency, and contact	explain the reason for this.
point
c. Report the publication	Truist's 2023 Corporate Responsibility & Sustainability Report,Disclosure Summary, and
	date of the report or reported
	TCFD Reportwere published in April 2024.
	information.
	d. Specify the contact point for	Tori Kaplan, chief corporate responsibility and sustainability officer,
	questions about the report or
	at [e-mail].
	reported information.
2-4: Restatements of		Truist made no material restatements to prior period information during 2023. While Truist
Restatements of information.	reclassified certain prior period information to conform to the current presentation, such
information
	reclassifications had no effect on previously reported shareholders' equity or net income.
	a. Describe the organization's
	policy and practice for seeking
	external assurance, including	Truist seeks external verification of its Scope 1, Scope 2, and some categories of Scope 3
	whether and how the highest	greenhouse gas emissions.
	governance body and senior
	executives are involved.
	b. If the organization's
	sustainability reporting has
	been externally assured
	i. provide a link or reference
2-5: External assurance	to the external assurance
report(s) or assurance	Apex Companies provided a third-party verification of portions of Truist's 2023
	statement(s);
	greenhouse gas (GHG) emissions inventory. Apex provided limited assurance consistent
	ii. describe what has been	with ISO 14064-3 second edition 2019-04 Greenhouse gases - Part 3. A copy of this
	declaration can be found here.
	assured and on what basis,
	including the assurance	Apex Companies verification declaration includes a statement regarding their
	standards used, the level of
	independence and impartiality.
	assurance obtained, and any
	limitations of the assurance
	process;
	iii. describe the relationship
	between the organization and
	the assurance provider.

Activities and workers

2-6: Activities, value	a. Report the sector(s) in which
chain, and other
the organization is active.
business relationships

10-K,page 4 (Item 1. Business).

GRI disclosures

Truist 2023 Disclosure Summary

6

GRI Code

Description

Truist Response

2-6: Activities, value chain, and other business relationships

b. Describe its value chain,
including:	10-K,page 4 (Item 1. Business); 10-K,page 41 (Item 2. Properties); 10-K,pages
i. The organization's activities,	57-60 (Lending Activities); 10-K,pages 95-109 (Note 1. Basis of Presentation);
10-K,pages 150-153 (Note 21. Operating Segments).
products, services, and
markets served.
b. Describe its value chain,
including:
ii. The organization's supply
chain.
b. Describe its value chain,	2023 Corporate Responsibility & Sustainability Report,pages 18-19 (Sourcing and Supply
including:
Chain). Supplier Code of Conduct.
iii. The entities downstream
from the organization and
their activities.
c. Report other relevant business
relationships.

GRI disclosures

Truist 2023 Disclosure Summary

7

GRI Code

Description

2-7: Employees

Information on employees and other workers (additional employee information can be found on pages 18, 19, and 20).

Truist Response

			Black or			American	Native Hawaiian	Two or	Total
			African	Hispanic or		Indian or	or Other Pacific	More	by
Job Categories	Gender	White2	American2	Latino	Asian2	Alaska Native2	Islander2	Races2	Gender
Executive/Senior	Male	371	32	16	17	0	0	5	441
Level Managers
Executive/Senior	Female	125	23	7	11	2	0	2	170
Level Managers
Executive/Senior	Total	496	55	23	28	2	0	7	611
Level Managers
First/Mid Level	Male	2,406	374	275	276	16	6	67	3,420
Managers
First/Mid Level	Female	2,714	672	317	203	16	5	71	3,998
Managers
First/Mid Level	Total	5,120	1,046	592	479	32	11	138	7,418
Managers
Professionals	Male	5,990	1,018	520	1,058	40	12	167	8,805
Professionals	Female	5,250	1,667	565	747	44	26	141	8,440
Professionals	Total	11,240	2,685	1,085	1,805	84	38	308	17,245
All Others1	Male	3,574	1,198	997	266	33	16	198	6,282
All Others1	Female	10,292	4,705	2,689	759	169	56	544	19,214
All Others1	Total	13,866	5,903	3,686	1,025	202	72	742	25,496
Totals	Male	12,341	2,622	1,808	1,617	89	34	437	18,948
Totals	Female	18,381	7,067	3,578	1,720	231	87	758	31,822
Totals	Total	30,722	9,689	5,386	3,337	320	121	1,195	50,770
			Black or			American	Native Hawaiian	Two or	Total
			African	Hispanic or		Indian or	or Other Pacific	More	by
Job Categories	Gender	White2	American2	Latino	Asian2	Alaska Native2	Islander2	Races2	Gender
Executive/Senior	Male	60.7 %	5.2 %	2.6 %	2.8 %	0.0 %	0.0 %	0.8 %	72.2 %
Level Managers
Executive/Senior	Female	20.5 %	3.8 %	1.1 %	1.8 %	0.3 %	0.0 %	0.3 %	27.8 %
Level Managers
Executive/Senior	Total	81.2 %	9.0 %	3.8 %	4.6 %	0.3 %	0.0 %	1.1 %
Level Managers
First/Mid Level	Male	32.4 %	5.0 %	3.7 %	3.7 %	0.2 %	0.1 %	0.9 %	46.1 %
Managers
First/Mid Level	Female	36.6 %	9.1 %	4.3 %	2.7 %	0.2 %	0.1 %	1.0 %	53.9 %
Managers
First/Mid Level	Total	69.0%	14.1%	8.0%	6.5%	0.4%	0.1%	1.9%
Managers
Professionals	Male	34.7 %	5.9 %	3.0 %	6.1 %	0.2 %	0.1 %	1.0 %	51.1 %
Professionals	Female	30.4 %	9.7 %	3.3 %	4.3 %	0.3 %	0.2 %	0.8 %	48.9 %
Professionals	Total	65.2 %	15.6 %	6.3 %	10.5 %	0.5 %	0.2 %	1.8 %
All Others1	Male	14.0 %	4.7 %	3.9 %	1.0 %	0.1 %	0.1 %	0.8 %	24.6 %
All Others1	Female	40.4 %	18.5 %	10.5 %	3.0 %	0.7 %	0.2 %	2.1 %	75.4 %
All Others1	Total	54.4 %	23.2 %	14.5 %	4.0 %	0.8 %	0.3 %	2.9 %
Totals	Male	24.3 %	5.2 %	3.6 %	3.2 %	0.2 %	0.1 %	0.9 %	37.3 %
Totals	Female	36.2 %	13.9 %	7.0 %	3.4 %	0.5 %	0.2 %	1.5 %	62.7 %
Totals	Total	60.5 %	19.1 %	10.6 %	6.6 %	0.6 %	0.2 %	2.4 %

1. "All Others" is a combination of Sales Workers and Administrative Support Environmental Job Categories Truist workforce data as of Dec. 31, 2023.
2. Not Hispanic or Latino.

GRI disclosures

Truist 2023 Disclosure Summary

8

GRI Code

Description

2-7: Employees

Information on employees and other workers (additional employee information can be found on pages 18, 19, and 20).

Truist Response

Age Group		Male	Female		Total
# of Teammates		% of Teammates	# of Teammates	% of Teammates	# of Teammates		% of Teammates
29 and under	2,552	13.5 %	3,733	11.7 %	6,285	12.4 %
30-50	10,384	54.8 %	16,118	50.7 %	26,502	52.2 %
51 and over	6,012	31.7 %	11,971	37.6 %	17,983	35.4 %

Totals

18,948

100 %

31,822

100 %

50,770

100 %

	White2	Black or African American2	Hispanic or Latino	Asian2
Age Group
	# of	% of	# of	% of	# of	% of	# of	% of
	Teammates	Teammates	Teammates	Teammates	Teammates	Teammates	Teammates	Teammates
29 and under	3,231	10.5 %	1,144	11.8 %	1,226	22.8 %	389	11.7 %
30-50	14,841	48.3 %	5,516	56.9 %	3,036	56.4 %	2,150	64.4 %
51 and over	12,650	41.2 %	3,029	31.3 %	1,124	20.9 %	798	23.9 %

Totals

30,722

100 %

9,689

100 %

5,386

100 %

3,337

100 %

	American Indian or	Native Hawaiian or Other	Two or More Races2		Total
	Alaska Native2	Pacific Islander2
Age Group
	# of	% of	# of	% of	# of	% of	# of		% of
	Teammates	Teammates	Teammates	Teammates	Teammates	Teammates	Teammates		Teammates
29 and under	53	16.6 %	8	6.6 %	234	19.6 %	6,285	12.4 %
30-50	186	58.1 %	69	57.0 %	704	58.9 %	26,502	52.2 %
51 and over	81	25.3 %	44	36.4 %	257	21.5 %	17,983	35.4 %

Totals

320

100 %

121

100 %

1,195

100 %

50,770

100 %

2. Not Hispanic or Latino.

GRI disclosures

Truist 2023 Disclosure Summary

9

GRI Code

Description

Truist Response

Governance

	a. Describe the governance
	structure, including committees
	of the highest governance body.
	b. List the committees of the	2024 Proxy Statement,pages 17-21 (Standing Board Committee Membership and Lead
	highest governance body that	Director Responsibilities), and pages 25-28 (Corporate Governance Guidelines). Additional
	are responsible for decision-	narrative is available in the 2023 Corporate Responsibility & Sustainability Report,
	making on and overseeing	pages 8-9 (Governance).
	the management of the
	organization's impacts on the
	economy, environment, and
	people.
	c. Describe the composition of
	the highest governance body
	and its committees by:
2-9[WEF]*: Governance	i. executive and non-executive
structure and	members;
composition	ii. independence;
	iii. tenure of members on the
	governance body;
	iv. number of other significant	See the 2023 Corporate Responsibility & Sustainability Report,pages 7-27 (Responsible
	positions and commitments	Business); 2024 Proxy Statement,page 8 (Board Diversity and Composition), pages 10-16
	held by each member, and the	(Nominees for Election as Directors for a One-Year Term Expiring in 2025), and pages 17-21
	nature of the commitments;	(Standing Board Committee Membership and Lead Director Responsibilities).
	v. gender;
	vi. under-represented social
	groups;
	vii. competencies relevant
	to the impacts of the
	organization;
	viii. stakeholder
	representation.
2-10: Nomination and	Nominating and selecting the	2024 Proxy Statement,page 28 (Succession Planning at Truist), page 30 (Nominating and
selection of the highest	Governance Committee Director Nominations), and page 31 (Majority Voting and Director
highest governance body.
governance body	Resignation Policy).
2-11: Chair of the	Chair of the highest governance
highest governance	2024 Proxy Statement,pages 29-30 (Board Leadership Structure).
body.
body
	a. Describe the role of the
	highest governance body and of
	senior executives in developing,
	approving, and updating the	2024 Proxy Statement,page 34 (Corporate Responsibility and Sustainability), page 35
	organization's purpose, value or	(Ethics at Truist), and page 37 (Strategic Direction and Planning).
	mission statements, strategies,
	policies, and goals related to
	sustainable development.
	b. Describe the role of the
2-12[WEF]*: Role of	highest governance body in
overseeing the organization's
the highest governance
due diligence and other
body in overseeing
processes to identify and
the management of
manage the organization's
impacts
impacts on the economy,
	environment, and people,	2023 Corporate Responsibility & Sustainability Report,pages 12-13 (Stakeholder
	including:	Engagement), and pages 8-9 (Governance); 2024 Proxy Statement,pages 32-34
	i. whether and how the	(Shareholder Engagement Program).
	highest governance body
	engages with stakeholders to
	support these processes;

• 1. how the highest governance body considers the outcomes of these processes.
• Rows denoted with [WEF]* indicate Core Metrics and Disclosures included in the World Economic Forum's (WEF) "TowardCommon Metrics and Consistent Reporting of Sustainable Value Creation."

GRI disclosures

Truist 2023 Disclosure Summary

10