Approaches to Engagement

We believe that engaging with our stakeholders should be a long-term, ongoing, and two-way communication process. We proactively seek mutual learning opportunities with stakeholders that allow us to exchange information about respective viewpoints, strategies, and practices.

The following chart sets forth some of the methods we use to engage our stakeholders, as well as a non-exhaustive listing of compelling topics we regularly discuss during our engagements with our stakeholders.

Stakeholder	How We Engage	Engagement Topics
StakeholderShareholders	How We Engage Corporate governance events Investor Day Director-shareholder interactions Board presentations from shareholders Sell-side sponsored conferences Roadshows Investor calls and visits Quarterly earnings calls Annual shareholder meeting Virtual and in-person meetings Outreach calls Update emails	Engagement Topics Financial performance Strategy Executive compensation ESG Human capital management Climate change DEI
StakeholderCustomers	How We Engage Personal banking relationships Internal and external customer surveys Digital banking channel Social media Centralized Customer Complaint (CCC) Program Annual event with Board at off-site meeting Selected quarterly client events	Engagement Topics Customer access to banking solutions Fair and responsible banking Product needs, characteristics, and limitations Financial literacy ESG
StakeholderAssociates	How We Engage Engagement surveys Front Page News, a multimedia internal news website for associates HR Connect, an internal website for associates Monthly strategy conversations with the CEO Quarterly Earning Highlights with talking points and guides for managers Evergreen Week, a week dedicated to showing management’s appreciation of associates DEI Networks across the footprint Leadership Development for All, monthly content to invest in the development of our leaders Business group newsletters Annual Week of Understanding, focused on Inclusion and Belonging Doing More Today®, an external website focusing on Regions’ community engagement and timely Company announcements Email notifications to announce organizational changes Report It! Hotline and portal that allow associates to share concerns and complaints anonymously Share the Good®, an associate community engagement campaign What a Difference a Day Makes, a paid day off for associates to volunteer Two Inclusion Observance Days, to be taken for celebrations relevant to an associate’s cultural or community passion	Engagement Topics Associate engagement Associate well-being Company strategy DEI Financial performance Learning and development opportunities Continuous improvement focus Organizational changes
StakeholderRegulators, Policymakers, State and Federal Legislators, and Agencies	How We Engage Management meetings and briefings Management and committee reports Continuous monitoring meetings with management Targeted exams Responding to proposed rules through comments during the notice-and-comment rulemaking process	Engagement Topics Capital planning and positions Liquidity management and positions Governance and controls Regulatory compliance Trade association engagement on legislation and regulatory policy Legislation and regulatory policy Risk management (Credit, Model, Operational, etc.)
StakeholderCommunities and Nonprofit Organizations	How We Engage Funding support of community programs and initiatives Volunteer, community service and board membership by associates Relationships with local market executives and bankers Partnerships with local community relations officers and community development managers Collaborations with Regions’ Disability Services and Outreach Manager and Regions’ Service Members and Veterans Affairs Manager	Engagement Topics Economic and community development Education and workforce readiness Financial wellness Disaster relief and recovery DEI

ESG Outreach

Regions takes a long-term approach to value creation, which we believe necessitates a commitment to constructive, meaningful communications with our stakeholders. As such, we seek opportunities throughout the year to engage directly with stakeholders, as well as lending our voice to bigger ESG conversations through participation in task forces, working groups, roundtable discussions, and conferences.

One example of this outreach is our year-round effort to engage with shareholders. Through our annual engagement program, we reach out to many of our institutional shareholders to solicit feedback on our ESG practices, including those involving compensation and disclosures. We also schedule follow-up calls to facilitate additional dialogue on specific issues and topics, inviting other internal experts to participate and provide further insight. Outside of these annual engagement efforts, this year we initiated additional shareholder outreach under the leadership of our Directors and multiple cross-functional representatives. The feedback we obtain through these engagements is subsequently presented to our Board. Our 2022 Proxy Statement provides detailed discussions of our engagement efforts, including feedback we received and the responsive actions we have taken, from the past year.

To further broaden the perspectives we receive, we also engage with a variety of other stakeholder groups through both direct and group-based interactions. Throughout the past year, we:

• Held calls and participated in sessions with standards-setting organizations including CDP and the Partnership for Carbon Accounting Financials (PCAF).
• Interacted with third-party ESG rating organizations on our performance under their respective methodologies.
• Discussed our ESG practices with proxy advisory firms.
• Contributed to discussions with peers through industry group roundtables, working groups, and task forces.
• Collaborated with local, state, and national organizations with the common goal of supporting our communities.

Regions further seeks continuous improvement in our practices and disclosures through our relationship with Ceres. Ceres is a nonprofit sustainability organization that works with investors and companies to build leadership and drive sustainability solutions. We were accepted to Ceres’ Company Network in 2019. Since then, as a Company Network Member, we have had the opportunity to gain valuable insights into ESG best practices, stakeholder expectations, and other ESG-related guidance through Ceres’ in-house expertise. Most recently, we consulted Ceres on our environmental and social risk management initiatives.

By allowing us to engage on ESG issues and perspectives, each of these stakeholder groups plays an important role in helping improve our governance strategies, initiatives, and disclosures. While some opportunities have continued to be more limited due to the pandemic, we appreciate that participating in these activities — whether virtually or in person — not only affords us the ability to connect with individual stakeholders, but also to discuss best practices that have been implemented by other leaders in various sectors and industries.

Director-Associate Engagement

The Board and management set a “tone at the top” that is characterized by, among other hallmarks, open and transparent communications across all levels of the Company. Throughout the year, Directors interact with associates in a variety of ways, and the Company regularly provides specific opportunities for Director-associate engagement. The COVID-19 pandemic affected the frequency of in-person events in 2021, for the safety of our associates and Directors, but we have continued to seek ways to maintain these opportunities.