Regions Financial
Regions Financial Corporation, commonly known as Regions Bank, is a prominent financial institution headquartered in the United States, specifically in Birmingham, Alabama. Founded in 1971, Regions has established itself as a key player in the banking industry, primarily serving the Southeastern and Midwestern regions of the country. The bank offers a diverse range of services, including personal and commercial banking, wealth management, and mortgage solutions. Regions is distinguished by its commitment to customer service and innovative financial products tailored to meet the unique needs of its clients. With a strong market position, Regions Financial has received numerous accolades for its community involvement and sustainable banking practices, reinforcing its reputation as a trusted partner in financial growth and stability.
DitchCarbon Score
How does Regions Financial's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Regions Financial's score of 39 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Regions Financial's reported carbon emissions
In 2023, Regions Financial reported total carbon emissions of approximately 60,270,000 kg CO2e, comprising 6,027,000 kg CO2e from Scope 1 and about 59,699,000 kg CO2e from Scope 2 emissions. Additionally, Scope 3 emissions were recorded at approximately 15,957,000 kg CO2e, with significant contributions from business travel and waste generated in operations. Comparatively, in 2008, the company’s total emissions were about 204,486,000 kg CO2e, indicating a substantial reduction over the years. This reduction reflects Regions Financial's commitment to improving its environmental impact, although specific reduction targets or initiatives have not been disclosed. Regions Financial has consistently reported emissions across all three scopes (1, 2, and 3) in recent years, demonstrating transparency in its climate reporting. However, there are currently no specific reduction targets or climate pledges outlined in their documentation. The company continues to engage in efforts to manage and reduce its carbon footprint as part of its broader environmental, social, and governance (ESG) strategy.
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| 2008 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 8,222,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 196,264,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Regions Financial is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
