DALLAS, Dec. 18, 2018 /PRNewswire/ -- Comerica was
named one of America's Most JUST Companies in 2018, according to
Forbes and JUST Capital, a nonprofit that ranks the largest
publicly-traded corporations in the
United States on the issues Americans care about most.
Comerica was included on this year's list for outperforming its
peers on issues like fair pay and good benefits, customer treatment
and privacy, beneficial products, environmental impact, job
creation, community support in the U.S. and abroad, as well as
ethical leadership and long-term financial growth.
"We're honored to be included in this year's list of America's
Most JUST Companies," said Comerica Chairman and Chief Executive
Officer Ralph W. Babb Jr. "At Comerica, being a just and
responsible company is part of our culture and embedded in our core
values."
Among the areas identified by JUST Capital as Comerica's
strengths were treatment of colleagues, paying a fair wage and
progress on the company's environmental goals to reduce greenhouse
gas emissions, water use, and waste sent to the landfill.
"Comerica's overall approach to corporate responsibility remains
rooted in value creation. We acknowledge the interconnected nature
of environmental, economic, social and governance performance,"
said Scott Beckerman, senior vice
president and director of Corporate Sustainability. "We conduct
business in a manner that meets the current needs of all people,
without compromising the ability of future generations to meet
theirs. It's yet another way we raise your expectations of what a
bank can be."
The JUST Capital Rankings encompass the 1,000 largest
publicly-traded companies in the U.S. and are based on one of the
most comprehensive surveys ever conducted on public attitudes
toward corporate behavior, involving 9,000 American respondents in
2018 and more than 81,000 over the past four years. The JUST 100
and Industry Leader lists will be featured in the December issue of
Forbes, with additional stories at www.forbes.com/just100
and a comprehensive interactive ranking and benchmarking platform
at www.justcapital.com.
As one of America's Most JUST Companies, Comerica is also
included in Goldman Sachs Asset Management's JUST U.S. Large Cap
Equity ETF – the first ever exchange-traded fund based on just
business behavior, constructed from JUST Capital's rankings.
"Trust in our institutions is more important than ever right
now. The JUST 100 recognizes companies that are doing right within
society," said Forbes Chief Content Officer Randall Lane. "The Rankings help companies gauge
their progress on benchmarks that go far beyond quarterly earnings
towards long-term value-creation for all stakeholders."
Compared to their peers in the Russell 1000, companies in the
JUST 100 on average:
- Pay their median workers 26 percent more;
- Emit 3 percent less greenhouse gas emissions per dollar of
revenue;
- Give 6 times more as much to charity; and
- Have a 5 percent higher Return-on-Equity.
"America's Most JUST Companies consistently outperform their
peers in job creation, wages, work-life balance, environmental
impact, and return on equity," said Martin
Whittaker, CEO of JUST Capital. "Aligning corporate behavior
with the priorities of the American people is good for communities
and good for business."
Learn more about Corporate Responsibility at Comerica by
visiting Comerica.com/sustainability or downloading our more recent
corporate responsibility report here.
About the 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.
About JUST Capital
JUST Capital, an independent,
nonprofit organization, aligns business practices with the
priorities of the American people to ensure capitalism works for
all. Our research, rankings, indexes, and data-driven tools help
people make more informed decisions about where to invest, work,
and buy to direct capital toward companies advancing a more just
future. For additional information, visit:
www.JUSTCapital.com.
About Forbes Media
The defining voice of
entrepreneurial capitalism, Forbes champions success by celebrating
those who have made it, and those who aspire to make it. Forbes
convenes and curates the most-influential leaders and entrepreneurs
who are driving change, transforming business and making a
significant impact on the world. The Forbes brand today reaches
more than 120 million people worldwide through its trusted
journalism, signature LIVE events, custom marketing programs and 40
licensed local editions in 70 countries. Forbes Media's brand
extensions include real estate, education and financial services
license agreements. For more information, visit:
www.forbes.com/forbes-media/.
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SOURCE Comerica Incorporated