Regions Financial Corp
Regions Financial's GHG Emissions Data Preview
In 2023, Regions Financial completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Regions Financial has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Regions Financial’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Regions Financial’s data sources below and access millions more through our Disclosure Search.
Insights into Regions Financial's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Regions Financial amounted to 65,582 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Regions Financial increased by 3.46%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Regions Financial's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Regions Financial's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Regions Financial were 6,027 metric tons of CO₂ equivalent (tCO₂e). a
Has Regions Financial reduced its Scope 1 emissions over time?
Since 2018, Regions Financial's Scope 1 emissions have decreased by 2.22%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Regions Financial's Scope 1 emissions increased by 12.84%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Regions Financial's Scope 2 emissions?
In 2023, Regions Financial reported Scope 2 greenhouse gas (GHG) emissions of 59,699 tCO₂e using the market-based method and 59,555 tCO₂e using the location-based method. a
Has Regions Financial reduced its Scope 2 emissions over time?
Since 2018, Regions Financial's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 42.17%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2022), Regions Financial's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Regions Financial 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Regions Financial use for Scope 2 reporting?
In 2023, Regions Financial reported its Scope 2 emissions using the market-based method and using the location-based method. a
Regions Financial's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Regions Financial's Value Chain Emissions
In 2023, Regions Financial reported 15,957 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2023 disclosure of Regions Financial includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Regions Financial's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Regions Financial's Scope 3 emissions?
In 2023, Regions Financial reported total Scope 3 emissions of 15,957 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Regions Financial reduced its Scope 3 emissions over time?
Since 2018, Regions Financial's Scope 3 emissions have increased by 75.43%, reflecting a rising long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2022), Regions Financial's Scope 3 emissions increased by 33.81%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does Regions Financial disclose?
In 2023, Regions Financial reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Regions Financial's Scope 3 emissions?
In 2023, the largest contributors to Regions Financial's Scope 3 emissions were: a
- Waste Generated in Operations (Cat. 5): 8,250 tCO₂e (51.7%)
- Business Travel (Cat. 6): 3,965 tCO₂e (24.85%)
- Fuel- and Energy-Related Services (Cat. 3): 3,742 tCO₂e (23.45%)
Regions Financial's Scope 3 Emissions by Categories
Insights into Regions Financial’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Regions Financial reported Scope 1 greenhouse gas (GHG) emissions of 6,027 tCO₂e and total revenues of USD 7,574 millions. This translates into an emissions intensity of 0.8 tCO₂e per millions USD. a
Regions Financial's Scope 1 Emissions Intensity Compared to Peers
How does Regions Financial's GHG emissions intensity compare to its peers?
In 2023, Regions Financial reported a Scope 1 emissions intensity of 0.8 tCO₂e per millions USD. Compared to the peer group median of 1.26 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Regions Financial rank on GHG emissions intensity within its industry?
In 2023, Regions Financial ranked 5 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Regions Financial among the top performers, with one of the lowest emissions intensities relative to peers. a
Insights into Regions Financial's Total Carbon Footprint
In 2023, Regions Financial reported a total carbon footprint of 81,539 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.26% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Regions Financial's total carbon footprint was Scope 2 emissions, accounting for 73.04% of the company's total carbon footprint, followed by Scope 3 emissions at 19.57%. a