Regions Financial
Regions Financial Corporation, commonly known as Regions Bank, is a prominent player in the financial intermediation services sector, headquartered in the United States. Founded in 1971, Regions has established a strong presence across the Southeastern and Midwestern regions, offering a diverse range of financial products and services.
Specialising in personal banking, commercial banking, and wealth management, Regions stands out for its commitment to customer service and innovative solutions tailored to meet the needs of individuals and businesses alike. The bank has achieved significant milestones, including its expansion into new markets and the introduction of digital banking services that enhance customer convenience.
With a solid market position, Regions Financial is recognised for its stability and reliability, making it a trusted choice for clients seeking comprehensive financial solutions.
+1 vs industry average
Regions Financial’s score of 38 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Regions Financial's reported carbon emissions
Regions Financial, a US-based firm providing financial intermediation services, reported a total of approximately 81.5 billion kg CO2e across Scope 1, 2, and 3 emissions in 2023. This includes approximately 6.0 million kg CO2e from Scope 1 emissions, approximately 60.3 million kg CO2e from Scope 2 (market-based), and approximately 16.0 million kg CO2e from Scope 3.
In 2022, Regions Financial reported total emissions of approximately 75.1 billion kg CO2e, with Scope 1 emissions at approximately 5.3 million kg CO2e, Scope 2 (market-based) at approximately 54.5 million kg CO2e, and Scope 3 at approximately 11.9 million kg CO2e.
Regions Financial has committed to a 50% reduction in gross Scope 1 and Scope 2 greenhouse gas emissions (location-based) by 2030, using a 2019 baseline. For Scope 1 and 2, emissions in 2019 were approximately 98.4 billion kg CO2e (Scope 1: 6.0 million kg CO2e, Scope 2: 92.3 million kg CO2e). The company achieved a reduction in its total emissions from 2019 to 2023, demonstrating progress towards its climate goals. Emissions in 2019 were approximately 101.8 billion kg CO2e, with Scope 1 at approximately 6.0 million kg CO2e, Scope 2 (market-based) at approximately 92.3 million kg CO2e, and Scope 3 at approximately 8.4 million kg CO2e.
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Regions Financial’s Climate Goals (2030 & 2050)
2 goals2030
50% reduction in Scope 2
Gross Scope 1 and Scope 2 GHGs (Location-Based) Metric tons CO2e 50% reduction by 2030 against a 2019 baseline
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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