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Comerica Incorporated, commonly known as Comerica, is a prominent financial services provider headquartered in the United States. Established in 1849, the company has evolved significantly, focusing on financial intermediation services, excluding insurance and pension funding. With major operations in regions such as Texas, California, and Michigan, Comerica serves a diverse clientele, offering a range of core products including commercial banking, wealth management, and treasury services.
Renowned for its customer-centric approach, Comerica distinguishes itself through tailored financial solutions that cater to both businesses and individuals. The firm has achieved notable milestones, solidifying its market position as a trusted partner in the financial sector. With a commitment to innovation and community engagement, Comerica continues to play a vital role in the economic landscape.
+19 vs industry average
Comerica’s score of 56 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Financial Intermediation is among the least carbon-intensive industries
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
Comerica, a US-based financial intermediation services provider, has made significant commitments to reduce its carbon emissions. For the reporting year 2024, Comerica reported Scope 1 emissions of approximately 5,391,000 kg CO2e and Scope 2 emissions (market-based) of approximately 22,710,000 kg CO2e. Scope 3 emissions from purchased goods and services were approximately 64,228,000 kg CO2e.
In 2023, their Scope 1 emissions were approximately 5,682,000 kg CO2e, with Scope 2 (market-based) at approximately 25,570,000 kg CO2e and Scope 3 from purchased goods and services at approximately 80,117,000 kg CO2e. The company has set ambitious reduction targets, including a 65% reduction of 2012 base year Scope 1 and 2 GHG emissions by 2030 and a 100% reduction by 2050. Comerica also previously committed to reducing the total Scope 1 and 2 GHG emissions associated with its occupied real estate by 20% below 2012 levels by 2020.
The emissions data is cascaded from Comerica Incorporated, with a cascade level of 2, indicating a merged entity relationship.
Access structured emission data, company specific factors and auditable source documents
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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