Comerica Sustainability Profile
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 68% 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, headquartered in the US, reported total carbon emissions of approximately 34,005,000 kg CO2e from Scope 1 and 2 sources combined. This includes 5,682,000 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 25,570,000 kg CO2e from Scope 2 emissions, calculated on a market-based approach. The company also disclosed significant Scope 3 emissions, totalling approximately 90,582,330,000 kg CO2e, with the largest contributions from purchased goods and services (80,117,000 kg CO2e) and employee commuting (18,846,000 kg CO2e). Comparatively, in 2022, Comerica's total emissions from Scope 1 and 2 were about 34,207,000 kg CO2e, indicating a slight reduction in emissions year-on-year. The company has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other formal climate pledges, reflecting a lack of publicly stated commitments to reduce emissions. Comerica's emissions data is sourced directly from Comerica Incorporated, with no cascaded data from a parent or related organisation. The company continues to monitor and report its emissions, contributing to transparency in its environmental impact.
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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 | 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 |
How Carbon Intensive is Comerica's Industry?
How Carbon Intensive is Comerica's Location?
Comerica's Scope 3 Categories Breakdown
Comerica's Scope 3 emissions, which decreased by 5% last year and increased significantly since 2012, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 99% of Scope 3 emissions.
Top Scope 3 Categories
Comerica's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Comerica has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
