Energy Efficiency  -  August 25, 2021

Regions Saved $91 Million in Energy Costs Since 2008

Regions released Aug. 23 its latest ESG report detailing its success in reducing energy usage through coordinated efficiency projects.

The bank reduced its energy use in 2020 through tactics like building automation systems, energy-efficient equipment and developing more sustainable bank branches. Regions installed light-colored thermoplastic roofing materials, carbon-neutral carpet tiles, efficient window glazing and HVAC systems and 100% LED light fixtures in pursuit of its energy reduction targets.

Additionally, Regions generated 119 MW across 20 rooftop solar installations at its branch facilities in 2020.

Through these energy-saving initiatives, Regions has seen $91 million in cumulative energy cost savings since 2008.

In addition to its own energy successes, Regions is focused on developing the sustainable financing arm of its lending activities. In 2020, the bank provided more than $575 million in renewable energy financing and facilitated 97% growth year-over-year in client assets allocated to ESG-focused investment products.

​​“At Regions, making life better is not just our mission – it’s our promise; it’s what we’re doing every day for the people and places we serve,” Andrew Nix, chief governance officer, said in a statement. “The Annual Review and ESG Report provides meaningful updates on a wide range of issues that matter to us and to our stakeholders. And it demonstrates that our work is not over. A culture of continuous improvement is ingrained in our thinking, and we will build on our progress in the years to come.”

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