Comerica
Comerica Incorporated, commonly known as Comerica Bank, is a leading financial services company headquartered in the United States, with a strong presence in major operational regions including Texas, California, and Michigan. Founded in 1849, Comerica has established itself as a key player in the banking industry, offering a diverse range of services such as commercial banking, wealth management, and treasury management. With a commitment to customer service and innovative financial solutions, Comerica stands out through its tailored products designed for businesses and individuals alike. The bank has achieved notable milestones, including recognition for its strong capital position and consistent performance in the financial sector. As a trusted partner, Comerica continues to enhance its market position, serving clients with integrity and expertise.
DitchCarbon Score
How does Comerica's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Comerica's score of 49 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Comerica's reported carbon emissions
In 2023, Comerica reported total carbon emissions of approximately 31,800,000 kg CO2e, comprising 5,682,000 kg CO2e from Scope 1 and about 25,570,000 kg CO2e from Scope 2 (market-based). The Scope 3 emissions were significantly higher, totalling approximately 90,582,330,000 kg CO2e, with major contributions from purchased goods and services (about 80,117,000 kg CO2e) and employee commuting (approximately 18,846,000 kg CO2e). Comparatively, in 2022, Comerica's emissions were about 35,000,000 kg CO2e, with Scope 1 emissions at 6,242,000 kg CO2e and Scope 2 emissions (market-based) at approximately 29,699,000 kg CO2e. The Scope 3 emissions for that year were around 95,719,410,000 kg CO2e. Comerica has not set specific reduction targets through the Science Based Targets initiative (SBTi) or other formal climate pledges. However, the company is actively engaged in sustainability practices and has disclosed its emissions data comprehensively, indicating a commitment to transparency in its environmental impact. The emissions data is sourced directly from Comerica Incorporated, with no cascading from a parent or related organisation. The company continues to monitor and report its carbon footprint, reflecting its ongoing efforts to address climate change within its operational framework.
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| 2012 | 2014 | 2015 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 6,950,000 | - | - | 0,000,000 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 74,784,000 | 00,000,000 | - | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 7,740,000 | 00,000,000 | 00,000,000,000 | 00,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Comerica is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
