DALLAS, Aug. 5, 2019 /PRNewswire/ -- Comerica
Incorporated (NYSE: CMA) recently released its 2018 Comerica
Corporate Responsibility Report, which can be found at
comerica.com/sustainability.
"Corporate responsibility is a fundamental part of Comerica's
culture," Comerica President and CEO Curtis
C. Farmer. "Our Corporate Responsibility Report provides
insights on how we support a successful business climate, the
environment and our communities, all of which combined put us on a
path towards a thriving future."
This year's report is a comprehensive look at Comerica's
environmental, social, and governance (ESG) performance. The report
includes detailed reporting on Comerica's Impact Topics, those ESG
issues most important to Comerica and our stakeholders. The current
assessment of stakeholder priorities was supported through advanced
data analytics and artificial intelligence combined with
traditional individual interviews and surveys. This approach of
technology-driven and stakeholder-verified priorities provides
Comerica a confirmation of current expectations and a roadmap for
future performance and disclosure.
"Our report goes far beyond the basic metrics on our Impact
Topics and delves into the real-life stories that demonstrate how
Comerica helps people and businesses thrive," said Senior Vice
President and Director of Corporate Sustainability Scott Beckerman. "We also relate our progress to
the United Nations 17 Sustainable Development Goals (SDGs) and
support investor ESG interest by publishing extensive metrics, a
GRI standards index and, for the first time, a Sustainability
Accounting Standards Board (SASB) index."
While Comerica's footprint is important, its ability to impact
social and environmental issues through customers and communities
greatly expands the organization's network of positive impact.
Accordingly, three key progress areas include reducing
environmental impact, advancing diversity and inclusion and
supporting our customers and communities.
Comerica's progress on real estate greenhouse gas (GHG)
emissions accelerated in 2018 with an additional 20.5% reduction,
bringing our emissions reductions since 2012 to 43.5%. The company
met its 2020 goals for GHG emissions and reduction in waste sent to
the landfill and remain on target to meet our remaining 2020 goals
around water and paper use reductions.
Comerica's long-standing commitment to diversity and inclusion
is demonstrated in this year's report with metrics such as 40% of
Comerica colleagues representing racial or ethnic minorities and
66% of our workforce being comprised of women. Comerica has also
seen a 54% increase in the number of colleagues who are military
veterans in the last five years.
Comerica is dedicated to helping people and businesses be
successful and we do that by supporting our customers and
communities in which we live, work and play. Financial education
plays a big role in that success, from our Money $ense program for
youth education to delivering Comerica Insights to our customers.
We also continued our highly acclaimed Women's Business Symposium
events to combine authentic and engaging peer discussions with
insights from world-class speakers and local business leaders.
Comerica Incorporated (NYSE: CMA) is a financial services
company headquartered in Dallas, Texas, and strategically aligned by three
business segments: The Business Bank, The Retail Bank, and Wealth
Management. Comerica focuses on relationships, and helping people
and businesses be successful. In addition to Texas, Comerica
Bank locations can be found
in Arizona, California, Florida and Michigan,
with select businesses operating in several other states, as well
as in Canada and Mexico. Comerica reported total
assets of $73 billion at June 30, 2019.
Follow Comerica on Facebook: www.facebook.com/Comerica,
Twitter: @ComericaBank and
Instagram: @Comerica_Bank.
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SOURCE Comerica Incorporated