DALLAS, July 14, 2016 /PRNewswire/ -- Comerica
Incorporated (NYSE: CMA) today announced the release of its most
recent corporate sustainability publication at
www.comerica.com/sustainability. The 2015 Comerica Sustainability
Progress Report covers the latest reporting year and follows
Comerica's broad-based approach to value creation through
sustainability. With a focus on the banking company's
environmental progress since the publishing of its first GRI-G4
sustainability report last year, the report highlights Comerica's
progress on its "2020 Environmental Sustainability Goals" to reduce
emissions, water consumption, waste generation, and paper
usage.
"We're pleased to report that we've already achieved one of our
four 2020 Environmental Sustainability Goals four years ahead of
schedule," said Scott Beckerman,
Senior Vice President and Director of Corporate Sustainability at
Comerica. "We've reduced the amount of our waste sent to landfill
by over 24 percent, exceeding our goal of 20 percent. I'm
excited to see how much we can exceed this, and our other goals, by
2020."
The report also highlights environmentally beneficial lending,
colleague engagement on sustainability, and efforts to further
green Comerica's supply chain.
"Comerica's commitment to sustainability has helped us decrease
cost and risk while spurring the innovation of our colleagues,"
said David Duprey, Executive Vice
President, Chief Financial Officer and executive sponsor of
Comerica's Sustainability program, "and our lending activities in
2015 supported our customers in a greening economy with
$919 million of green loans and
commitments in 13 different environmentally beneficial
categories."
"Our colleagues greatly contribute to Comerica's sustainability
progress," added Kristin Bloser,
Senior Sustainability Officer and Comerica's Green Office Team
Coordinator. "They suggest and implement sustainability
improvements, attend educational events to increase their
sustainability knowledge, and participate in external community
activities focused on the environment – all supporting the
company's core value of Involvement."
Recent recognition of Comerica's sustainability efforts include
its eighth consecutive listing on the FTSE4Good Index. Created
by the global index provider FTSE Russell, FTSE4Good is an equity
index series that is designed to facilitate investment in companies
that meet globally recognized corporate responsibility standards.
Companies in the FTSE4Good Index Series have met stringent
environmental, social and governance criteria, and are positioned
to capitalize on the benefits of responsible business practice.
An overview of Comerica's 2015 sustainability performance,
including the banking company's progress in meeting its 2020 goals
is available here. Detailed information on Comerica's
approach to climate change risks and opportunities can be found in
the latest CDP response.
About Comerica
Comerica Incorporated 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
$69.0 billion at March 31, 2016.
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SOURCE Comerica Incorporated