Comerica

Comerica's reported carbon emissions

Comerica, a US-based financial intermediation services provider (excluding insurance and pension funding), has reported significant greenhouse gas (GHG) emissions across various scopes. For the reporting year 2024, the company's total reported emissions were approximately 9.74 billion kg CO2e. This includes Scope 1 emissions of about 5.39 million kg CO2e and Scope 2 emissions, using the market-based approach, of approximately 22.71 million kg CO2e. Scope 3 emissions for 2024 totalled about 9.71 billion kg CO2e, with purchased goods and services (64.23 million kg CO2e) and employee commute (19.18 million kg CO2e) being substantial contributors. In 2023, Comerica's total emissions were approximately 9.06 billion kg CO2e. Scope 1 emissions stood at about 5.68 million kg CO2e, while Scope 2 emissions were around 25.57 million kg CO2e (market-based). Scope 3 emissions for 2023 amounted to about 9.03 billion kg CO2e, with investments (9.06 billion kg CO2e) and purchased goods and services (80.12 million kg CO2e) being the largest components. The financial institution's commitment to climate action is further detailed through its disclosures. Comerica Incorporated is the source organisation for its performance data, with a cascade level of 2 and a relationship type of 'merged entity'. While specific reduction targets and climate pledge commitments are not detailed in the provided information, Comerica actively reports its emissions annually, covering Scope 1, 2, and 3. The company also provides emissions intensity metrics, such as real estate emissions per square foot and employee business travel emissions per FTE, offering further insight into its environmental performance. Previous years' data shows a consistent reporting of emissions across all three scopes, with Scope 3, particularly investments and employee commute, representing the largest proportion of its overall carbon footprint. For instance, in 2022, Scope 3 emissions were approximately 9.57 billion kg CO2e, and in 2021, they were about 8.39 billion kg CO2e.