DALLAS, Feb. 13, 2018 /PRNewswire/ -- Comerica is honored to be included on Barron's inaugural list of the 100 Most Sustainable Companies in the United States. The ranking, conducted in partnership with Calvert Research and Management, evaluated the 1,000 largest U.S. companies based on market value. Comerica was evaluated on 300 performance indicators in five categories: shareholders, employees, customers, planet, and community. The evaluation considered 28 different issues which ranged from business ethics to workplace diversity and data security to environmental policies.
"Comerica is keenly focused on proactive, long-term sustainability to enrich the communities we serve. It's simply a part of our culture," said Ralph W. Babb, Jr., Comerica's chairman and chief executive officer. "Our position as a top 100 company with respect to sustainability further reflects our ongoing commitment to operate as a responsible business."
Overall, Barron's indicates the top 100 sustainable companies didn't exchange financial performance for operating sustainably. The group's share-price performance as a whole for 2017 returned 29 percent, compared with 22 percent for the Standard & Poor's 500 index.
"As we celebrate the 10th year of Comerica's corporate sustainability program, this inclusion by Barron's continues to validate our approach to using sustainability to create business value," said Scott Beckerman, senior vice president and director of Corporate Sustainability at Comerica. "By staying keenly focused on value creation, we use sustainability to reduce cost and risk, foster knowledge and innovation, drive business opportunities and revenues, and enhance our reputation and brand."
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 $71.6 billion at Dec. 31, 2017.