- Local climate impact on facilities and operations in the Southeastern U.S.
- Future economic downturns exacerbated by climate issues
- Regulatory changes related to climate change
- Litigation risk
- Supply chain disruptions due to climate-related impacts
- Increased stakeholder concern or negative stakeholder feedback regarding ESG risks
Synovus
Greenhouse gas emissions & sustainability report data
In its 2019-2023 reporting, Synovus disclosed greenhouse gas emissions of 22.0K tCO2e (Market-Based Scope 1 & 2 Emissions in 2023). By scope: Scope 1: 3.2K tCO2e (2023); Scope 2: 18.8K tCO2e (Market-Based 2023). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
22.0K tCO2e (Market-Based Scope 1 & 2 Emissions in 2023)
2019-2023
📊 Emissions by Scope (2019-2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 3.2K tCO2e (2023) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 18.8K tCO2e (Market-Based 2023) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Increased accessibility to electric vehicle charging stations
- Energy-efficient facilities
- Reduced workspace square footage
- Conversion of more clients to digital transactions
- Investments in renewable energy
- More than $108 million in renewable energy loans as of year-end 2023
- $22 million of solar tax credit investments as of December 31, 2023
🎯 Climate & Sustainability Targets
🔜 Short-term
- Assess ROI of energy efficiency opportunities including solar projects, branch optimization, technology upgrades, and EV charging stations for new branches
- Consider additional renewable energy offerings for clients
- Provide clients with sustainability-focused financial products and services
🌱 ESG Focus Areas
Climate Change