DALLAS, Sept. 20, 2011 /PRNewswire/ -- Comerica Bank has
been commended by the Carbon Disclosure Project (CDP), which
represents 551 institutional investors with $71 trillion in assets under management, for its
approach to the disclosure of climate change information.
(Logo: http://photos.prnewswire.com/prnh/20010807/CMALOGO)
For the fourth consecutive year, Comerica is featured in CDP's
"Carbon Disclosure Leadership Index." This index, a key component
of CDP's annual S&P 500 report, highlights the constituent
companies within the S&P 500 Index which have displayed the
most professional approach to corporate governance regarding
climate change information disclosure practices. Companies are
scored on their climate change disclosure. High scores
indicate good internal data management and understanding of climate
change-related issues affecting the company.
The index, compiled by PwC (PricewaterhouseCoopers LLP) on
behalf of CDP, provides an evaluation tool for institutional
investors and other stakeholders. In 2011 it comprises 55 companies
from the S&P 500 Index and is based on analysis of responses to
CDP's questionnaire, which focused on greenhouse gas emissions,
emissions reduction targets, and risks and opportunities associated
with climate change.
"Comerica is pleased to have been recognized again this year by
the CDP for its management of climate change-related risks and
opportunities," said Richard Plewa,
senior vice president and national director, Corporate
Sustainability. "We view our energy and climate change
strategies as a key part of our efforts to create sustainable,
long-term value for our shareholders and other stakeholders. This
includes our continued focus on developing deposit and loan
relationships with 'clean tech' and 'green tech' companies."
Paul Simpson, chief executive
officer of the Carbon Disclosure Project, commented:
"Companies that make the Carbon Disclosure Leadership Index have
demonstrated good internal data management practices for
understanding greenhouse gas emissions. They have shown a strong
awareness of the business issues related to climate change
including climate-related risks and opportunities. Those
organizations that give clear consideration to measuring and
reporting on climate change issues will be best placed to
capitalize on the opportunities from managing them."
The S&P 500 report, including names of companies featured in
the Carbon Disclosure Leadership Index, can be found at
www.cdproject.net.
About Comerica
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
$54.1 billion at June 30, 2011. To receive e-mail alerts of
breaking Comerica news, go to
http://www.comerica.com/newsalerts.
About CDP
The Carbon Disclosure Project (CDP) is an independent
not-for-profit organization holding the largest database of primary
corporate climate change and water information in the world. Some
3,000 organizations across the world's largest economies now
measure and disclose their greenhouse gas emissions and assessment
of climate change risk and opportunity through CDP, in order that
they can set reduction targets and make performance improvements.
This data is gathered on behalf of 551 institutional investors,
holding US $71 trillion in assets.
For more information visit www.cdproject.net.
SOURCE Comerica Bank