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 17 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Regions Financial's reported carbon emissions
In 2023, Regions Financial reported total carbon emissions of approximately 65,582,000 kg CO2e, comprising 6,027,000 kg CO2e from Scope 1, 59,555,000 kg CO2e from Scope 2, and 15,957,000 kg CO2e from Scope 3 emissions. This reflects a continued commitment to reducing their carbon footprint, with a notable decrease in emissions over the years. From 2008 to 2023, Regions Financial has made significant strides in emissions reduction. For instance, their Scope 1 emissions decreased from 8,222,000 kg CO2e in 2008 to 6,027,000 kg CO2e in 2023, while Scope 2 emissions dropped from 196,264,000 kg CO2e to 59,555,000 kg CO2e in the same period. Despite these reductions, there are currently no specific reduction targets or climate pledges documented, indicating a potential area for future commitment. The company has disclosed emissions across all three scopes, demonstrating transparency in their environmental impact reporting. Overall, Regions Financial's ongoing efforts to manage and reduce carbon emissions align with industry standards for climate responsibility, although further commitments could enhance their sustainability profile.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 committed to any reduction initiatives 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.
