Regions Financial Sustainability Profile
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 42 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
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 59,699,000 kg CO2e from Scope 2 emissions. The Scope 3 emissions totalled about 15,957,000 kg CO2e, with significant contributions from business travel (3,965,000 kg CO2e) and waste generated in operations (8,250,000 kg CO2e). Regions Financial has set ambitious climate commitments, aiming for a 50% reduction in gross Scope 1 and Scope 2 greenhouse gas emissions by 2030, using a 2019 baseline. This target reflects the company's commitment to sustainability and aligns with industry standards for climate action. The company has consistently disclosed its emissions data across all relevant scopes since 2015, demonstrating transparency in its environmental impact. The emissions data is not cascaded from any parent organisation, indicating that Regions Financial operates independently in its reporting and climate initiatives.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 |
How Carbon Intensive is Regions Financial's Industry?
How Carbon Intensive is Regions Financial's Location?
Regions Financial's Scope 3 Categories Breakdown
Regions Financial's Scope 3 emissions, which increased by 34% last year and increased by approximately 107% since 2015, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 20% of total emissions under the GHG Protocol, with "Waste Generated in Operations" being the largest emissions source at 52% of Scope 3 emissions.
Top Scope 3 Categories
Regions Financial's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Regions Financial has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
