Regions Financial

Alabama
Banks

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

By complying with Human Rights Campaign’s controversial demands, Regions Financial increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, and philanthropic support. Regions Financial uses its corporate funds to support controversial sex and gender ideologies and organizations. The company pledged support to BLM and related causes and is a member of the CEO Action for Racial Equity Fellowship Program. Regions Financial is committed to carbon neutrality by 2040 and is a Ceres Network Member. The company is a PCAF member but does not discriminate against religious organizations in its charitable giving. However, Regions Financial has not used its political contributions for ideological purposes. 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 60 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. The company recruits employees based on sexual identity issues. The company discriminates against vendors that do not promote divisive sex and gender policies, indicating it prioritizes sexual issues over merit (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). However, the company has not publicly terminated business relationships due to 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 Financials HRC CEI rating indicates the company will not donate to non-religious charities unless they embrace controversial sexual identity policies (1)(2).

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 Financials HRC 2023 CEI rating indicates the company covers transgender related costs for its employees and their children, including paid short-term leave, puberty blockers, cross-sex hormones, chest surgeries, genital surgeries, medical visits and lab monitoring, travel and lodging. Additionally, the company has pledged philanthropic support of at least one organization or event that promotes sex and gender ideology (1)(2). By allowing a political stakeholder group to dictate operations, the company increases health care costs and risks dividing employees, alienating customers and harming shareholders. 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)(3).

All links were last accessed and all information was updated on:
January 23, 2024

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