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 65,582,000 kg CO2e, comprising 6,027,000 kg CO2e from Scope 1 and about 59,699,000 kg CO2e from Scope 2 emissions. The company also disclosed Scope 3 emissions, which totalled approximately 15,957,000 kg CO2e, primarily from business travel, waste generated in operations, and fuel and energy-related activities. Over the years, Regions Financial has demonstrated a commitment to reducing its carbon footprint. For instance, from 2008 to 2023, the company has made significant strides in lowering its emissions, with Scope 1 emissions decreasing from about 8,222,000 kg CO2e in 2008 to 6,027,000 kg CO2e in 2023. Similarly, Scope 2 emissions have also seen a reduction from approximately 196,264,000 kg CO2e in 2008 to about 59,699,000 kg CO2e in 2023. Despite these reductions, Regions Financial has not publicly committed to specific science-based targets or climate pledges, indicating a potential area for future improvement in their sustainability strategy. The company continues to monitor and report its emissions across all relevant scopes, aligning with industry standards for transparency and accountability in climate action.
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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.
