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.
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.