Regions Financial

Alabama
Banks

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Regions Financial vets vendors according to LGBTQ policies and does not protect its employees against viewpoint discrimination. However, it has not publicly terminated business relationships based on views or beliefs. Regions Financial pledged support to BLM and related causes and is a member of the CEO Action for Racial Equity Fellowship Program. The company covers the cost of "medically necessary transition-related care” for its employees and their children. Regions Financial is committed to carbon neutrality by 2040, is a Ceres Network Member, and a PCAF member. For these reasons, Regions Financial receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Regions Financial received a score of 100 on the Human Rights Campaign’s Corporate Equality Index. Among other requirements, this means the company has a written policy pledging to vet vendors for LGBTQ policies (1)(2). In its Supplier/Vendor Code of Conduct, Regent Bank states it works “with suppliers whose values match our own”. Abiding by its nondiscrimination policy as outlined by its Code of Conduct would require vendors to include sexual orientation and gender identity in their nondiscrimination policy (3)(4)(5). Regions Financial has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Regions Financial does not discriminate against religious organizations in its charitable giving (1)(2)(3).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Regions Financial does not provide viewpoint protections for its employees (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Regions Financial takes part in the CEO Action for Racial Equity Fellowship Program (1). The company is a Ceres Network Member and a PCAF member, committed to net zero carbon emissions by 2040 (2)(3)(4).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Regions Financial has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). Regions Financial pledged support to Black Lives Matter and related causes (3).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Regions Financial has not used its PAC donations or lobbied for ideological purposes (1)(2).

All links were last accessed and all information was updated on:
December 5, 2023

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