First Horizon Corporation (FHN) — ESG & Values Scores

Environment story

First Horizon Corporation discloses minimal direct environmental metrics and does not report Scope 1, 2, or 3 emissions data in the 10-K. As a financial services institution, the company's primary environmental exposure is indirect through its loan portfolio and investments. The 10-K acknowledges emerging regulatory pressures on GHG emissions disclosure and notes that federal environmental regulations do not currently require direct emissions monitoring. No verified net-zero commitment, renewable energy targets, or third-party climate certifications are disclosed. The company flags climate-related regulatory risks but does not articulate decarbonization initiatives or physical infrastructure investments. Without disclosed emissions baselines, reduction targets, or supply-chain environmental audits, the Environmental score reflects significant data gaps and greenwashing risk.

Criticisms on file

Lack of GHG emissions disclosure (Scope 1, 2, 3). No net-zero target or commitment stated. Federal regulations do not currently require monitoring, but company notes future regulatory risk.
Source: FHN 10-K, Item 1A Risk Factors, 'Public expectations concerning corporate controls on emissions...'; Item 1A, 'Recent state and federal disclosure rules concerning GHG emissions...'
Indirect environmental exposure through loan portfolio (oil & gas 2% of loans, CRE sensitivity to climate events). No supply-chain environmental audit or ESG lending standards disclosed.
Source: FHN 10-K, Item 1A Risk Factors, 'Volatility in the oil and gas industry...'; 'Cost increases and uncertainties impacting clients...in coastal markets...'

Disclosed initiatives

Climate Risk Disclosure Monitoring

10-K acknowledges emerging state and federal GHG disclosure rules and potential future regulatory compliance costs.

Preparatory positioning only; no operational decarbonization measures disclosed.

Social story

First Horizon discloses no explicit CEO-to-median-worker pay ratio, diversity percentages, or turnover rates in the 10-K. The company mentions 'competition for talent' and references 'strategic investments' in personnel but does not disclose workforce composition, union relationships, or modern slavery/human rights policies. No labor controversies, strikes, or NLRB complaints are mentioned in the filing. The company notes general operational risks including fraud and compliance but does not articulate formal labor-management relations, DEI programs, or supply-chain labor audits. The absence of quantified diversity metrics and human-rights commitments represents a significant data gap. Social score reflects limited transparency and lack of verifiable commitments to labor standards or diversity equity.

Criticisms on file

No disclosure of CEO-to-median-worker pay ratio, workforce diversity (gender, race/ethnicity), or turnover rate in 10-K.
Source: FHN 10-K, Item 7 MD&A; Personnel expense disclosed as aggregate only ($1.159 billion).
No stated labor relations policy, union engagement, or modern slavery statement. Operational risks section mentions fraud and cybersecurity but not labor compliance.
Source: FHN 10-K, Item 1A Risk Factors, 'Operational Risks' section.

Disclosed initiatives

Talent Attraction and Retention

10-K states 'primary tools we use to attract and retain talent are: salaries; commission, incentive, and retention compensation programs; retirement benefits; change in control severance benefits; health and other welfare benefits; and our corporate culture.'

Generic talent management; no quantified diversity or pay-equity outcomes disclosed.
First Horizon Foundation

Contributions increased to $20 million in 2025 from $10 million in 2024.

Community investment signal; no linked social equity or labor standards disclosed.

Governance story

First Horizon's governance structure shows standard banking-sector compliance but limited transparency on board independence, lobbying alignment, and antitrust/regulatory enforcement exposure. The 10-K does not disclose explicit board independence percentages or dual-class share structure details. The company notes lobbying risks in abstract terms ('potential interest group pressure'), but does not quantify annual lobbying spend or disclose PAC contributions. No active antitrust litigation is mentioned, but the company acknowledges multiple pending legal disputes without specificity. The governance score reflects typical midsize bank governance with risk acknowledgments but limited positive governance differentiators. Regulatory capital pressures and approaching $100B asset threshold add compliance risk.

Criticisms on file

No disclosed board independence percentage or target; no explicit dual-class voting disclosure, though charter provisions allow takeover defenses.
Source: FHN 10-K, Item 1A Risk Factors, 'Provisions of Tennessee law, and certain provisions of our charter and bylaws, could make it more difficult for a third party to acquire control...'
No quantified annual lobbying spend or PAC contribution data. Company notes 'industry remains traditional: banks avoid involvement in political or social controversy' but does not detail specific lobbying positions or climate-policy alignment.
Source: FHN 10-K, Item 1A Risk Factors, 'Negative sentiment of stakeholders...The predominant culture within the banking industry remains traditional...'
Pending litigation risk acknowledged ('Legal disputes are an unavoidable part of business') but no specific settled enforcement orders, SEC consent decrees, or antitrust actions disclosed.
Source: FHN 10-K, Item 1A Risk Factors, 'Legal disputes are an unavoidable part of business, and the outcome of pending or threatened litigation cannot be predicted with any certainty.'

Disclosed initiatives

Board and Governance Oversight

10-K references 'senior management oversees processes for monitoring and actively reporting on stakeholder sentiment' and notes compliance with NYSE rules.

Standard governance framework; no enhanced board independence or transparency measures disclosed.
Regulatory Capital Compliance

Company actively manages capital ratios ahead of $100B asset threshold. Tier 1 risk-based capital 11.51% (Dec 31, 2025) vs 12.22% prior year.

Proactive capital management; approaching higher regulatory tier increases future compliance costs.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of First Horizon Corporation. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open First Horizon Corporation in the app for interactive charts and portfolio building.

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