REGISTER NOW
Consider a scenario in which greenhouse gas emissions are left unchecked, and sea levels rise by two feet over the next five to 30 years.
Under that hypothetical, Regions Financial forecasts a moderate long-term risk to its consumer and commercial real estate loan portfolios. The company is taking several actions now to prepare for that possibility, such as trying out new risk models, enhancing geospatial data and monitoring the severity and frequency of serious weather events.
The scenario analysis is part of a report the Birmingham, Alabama, company issued in June, following a framework laid out by the Task Force on Climate-related Financial Disclosures. Over 24 pages, Regions described its strategy for addressing climate risk, established targets that it wants to hit in the short term, and outlined some of the business opportunities it sees in the green economy.