Regions Financial

Regions Financial's reported carbon emissions

Regions Financial Corporation, headquartered in the US and operating in financial intermediation services, has reported its carbon emissions for several years. In 2023, their total emissions were approximately 87.6 million kg CO2e, comprising Scope 1 emissions of about 6.0 million kg CO2e, Scope 2 emissions of approximately 59.7 million kg CO2e, and Scope 3 emissions of about 15.9 million kg CO2e. Looking back, Regions Financial reported total emissions of approximately 76.7 million kg CO2e in 2022, with Scope 1 at 5.3 million kg CO2e, Scope 2 at 54.5 million kg CO2e, and Scope 3 at 11.9 million kg CO2e. In 2021, total emissions were approximately 63.8 million kg CO2e, with Scope 1 at 4.8 million kg CO2e, Scope 2 at 56.7 million kg CO2e, and Scope 3 at 2.4 million kg CO2e. Emissions in 2020 were around 82.3 million kg CO2e, with Scope 1 at 4.3 million kg CO2e, Scope 2 at 72.6 million kg CO2e, and Scope 3 at 2.4 million kg CO2e. Regions Financial has established near-term reduction targets. They aim for a 50% reduction in gross Scope 1 and Scope 2 greenhouse gas emissions (location-based) by 2030, using 2019 as their baseline year. The company's 2022 performance indicates they are on track for their five-year reduction goal for Scope 2 emissions. Data for Scope 3 emissions, specifically for purchased goods and services, is noted as missing for recent reporting years.