Regions Financial Adopts Environmental Sustainability Policy Statement and Goals
November 20 2018 - 9:00AM
Business Wire
Proposed tweet: .@RegionsNews strengthens commitment to
#environmental #sustainability with adoption of new policy and
clear goals. #ESG
Regions Financial Corporation today announced the adoption of
its Environmental Sustainability Policy Statement and Environmental
Sustainability Goals, formalizing and building upon the company’s
ongoing efforts to manage its operations effectively and
responsibly.
“Being good stewards of our resources, including natural
resources, benefits the communities where we live and work and is
simply good business,” said Brett Couch, head of Corporate Real
Estate and Procurement. “Since 2008, we have reduced our
electricity use across the company by 35 percent, and we are
challenging ourselves to do more. Regions is adopting smart
technology, employing green building techniques, and taking
practical steps to conserve energy and reduce waste. We are also
engaging our associates and customers as we strengthen our
commitment to operating in an environmentally sustainable
manner.”
In conjunction with the policy statement, Regions has
established Environmental Sustainability Goals for reducing the
company’s own operational greenhouse gas emissions and energy use
over an eight-year period. Using 2015 as the base year, Regions has
set goals to achieve a 30 percent reduction in both greenhouse gas
emissions and energy use by 2023.
“Regions’ focus on environmental sustainability is consistent
with the company’s mission to create shared value for customers,
associates, communities and shareholders,” added Hope Mehlman,
Chief Governance Officer. “We understand that corporations have a
unique opportunity to accelerate positive change, and our newly
established policy statement and goals are important components of
our overarching environmental, social and governance efforts.”
The Nominating and Corporate Governance Committee of Regions’
Board of Directors has oversight for the company’s environmental,
social and governance efforts, including the policy statement and
goals.
A document outlining the policy statement, goals and related
environmental performance metrics, is available on the company’s
website. The policy statement and goals were developed in
consideration of Regions’ ongoing initiatives:
- The Regions corporate headquarters in
Birmingham, Ala., has been ENERGY STAR certified since 2012, and in
2018, Regions initiated a program to bring additional facilities
into ENERGY STAR certification.
- Regions constructs and renovates
buildings using best practices for energy and water efficiency,
including high-efficiency lighting, windows and mechanical systems,
along with lighting and HVAC controls, low-flow toilets and small
water heaters.
- Regions is increasing landfill
diversion rates. In 2017, the company recycled 11.4 million pounds
of paper and other materials and reduced internal paper use by 25
percent since 2014.
- Regions supports the development and
implementation of clean energy solutions for Corporate Banking
clients. Since 2015, Regions has provided capital in the form of
sale-leasebacks to leading developers of utility scale photovoltaic
(PV) solar projects across the U.S. In 2017, Regions provided $347
million in funding for 17 individual PV solar projects. Overall
generating capacity from these solar projects exceeded 125
megawatts – an amount sufficient to power over 20,000 homes.
- Regions’ Natural Resources and Real
Estate group within Regions Wealth Management brings a commitment
to sustainability and forestry best practices to clients needing
land and timber management services. Relying on a staff of natural
resource professionals and registered foresters, Regions is
responsible for the sustainable management of more than 1 million
acres of timberland and adheres to all applicable State Best
Management Practices for Forestry developed to improve water
quality, carbon sequestration and wildlife habitat.
More information about Regions’ environmental sustainability
efforts is available in the company’s 2017 Sustainability
Report.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $125 billion in
assets, is a member of the S&P 500 Index and is one of the
nation’s largest full-service providers of consumer and commercial
banking, wealth management, and mortgage products and services.
Regions serves customers across the South, Midwest and Texas, and
through its subsidiary, Regions Bank, operates approximately 1,500
banking offices and 2,000 ATMs. Additional information about
Regions and its full line of products and services can be found at
www.regions.com.
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Evelyn Mitchell205-264-4551regions.doingmoretoday.comRegions
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