DALLAS, March 29, 2019 – Comerica Incorporated (NYSE:CMA) is honored to receive a second consecutive Climate Leadership Award from the Center for Climate and Energy Solutions (C2ES) and The Climate Registry (TCR). Held in Baltimore, MD, The Climate Leadership Awards brought together forward-thinking leaders from business, government, academia, and the non-profit community to address climate change. Specifically, Comerica was recognized with an Excellence in Greenhouse Gas Management Award for setting third generation greenhouse gas (GHG) reduction goals after achieving its first and second generation GHG reduction goals ahead of schedule.
"We are very honored to receive our second consecutive award, this time for the development of our third-generation GHG reduction goals" said Kristin Bloser, vice president and senior sustainability officer. “At Comerica, we recognize that success comes through sustained access to a healthy environment and vibrant communities in which we live, work, and do business. Our commitment to reducing our GHG emissions is just another way we seek to raise expectations of what a bank can be.”
Comerica supports companies in 13 different green loan categories, with more than $772 million in loans and commitments in 2018. Comerica released its latest set of GHG reduction goals in its Corporate Responsibility Progress Report. The GHG goals include a 50 percent reduction by 2025, 65 percent by 2030 and 100 percent by 2050.
"Our latest GHG goals reflect our ongoing commitment to reduce our impact on the environment and is a part of how we operate as a responsible business," said Ralph W. Babb Jr., Comerica's chairman and chief executive officer. “Our long-term vision for GHG reductions will help limit climate impacts as we work to serve a greening economy."
The Climate Leadership Awards is a national program that recognizes exemplary corporate, organizational and individual leadership in reducing carbon pollution and addressing climate change in their operations and strategies.
“The clean energy economy is coming,” said Bob Perciasepe, C2ES president. “And these winners are taking bold action to be leaders in that new economy.”
By showcasing and recognizing voluntary action on climate and energy, award sponsors Bloomberg Philanthropies, C2ES and TCR are sending a strong signal that innovative and sustainable leadership in reducing GHG emissions and enhancing resilience are critical to addressing climate change.
To learn more about sustainability at Comerica, review our most recent Corporate Responsibility Progress Report or visit comerica.com/sustainability. More information about the Climate Leadership Award winners is available at climateleadershipconference.org/awards.
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 $70.8 billion at Dec. 31, 2018.