Comerica

Comerica, a financial intermediation services provider headquartered in the US, reported approximately 9.74 billion kg CO2e in total emissions for 2024. This figure encompasses Scope 1, 2, and 3 emissions, with Scope 3 emissions, particularly those from investments, accounting for the largest portion.

Key Emissions Data:

• 2024: Total emissions were approximately 9.74 billion kg CO2e. Scope 1 emissions were about 5.39 million kg CO2e, and Scope 2 emissions (market-based) were approximately 22.71 million kg CO2e. Scope 3 emissions, dominated by investments at about 9.74 billion kg CO2e, also included significant contributions from purchased goods and services (approximately 64.23 million kg CO2e) and employee commute (approximately 19.18 million kg CO2e).
• 2023: Total emissions were approximately 9.06 billion kg CO2e, with investments representing about 9.06 billion kg CO2e of Scope 3 emissions. Purchased goods and services were approximately 80.12 million kg CO2e, and employee commute was about 18.85 million kg CO2e.
• 2022: Total emissions reached approximately 9.57 billion kg CO2e, with investments contributing about 9.57 billion kg CO2e within Scope 3. Purchased goods and services were approximately 64.21 million kg CO2e, and employee commute was about 16.95 million kg CO2e.
• 2021: Total emissions were approximately 8.39 billion kg CO2e, with Scope 3 investments at approximately 8.39 billion kg CO2e. Purchased goods and services were around 65.12 million kg CO2e, and employee commute was approximately 14.21 million kg CO2e.
• 2020: Total emissions were approximately 18.65 billion kg CO2e, with Scope 3 investments at approximately 18.65 billion kg CO2e.
• 2018: Total emissions were approximately 46.29 million kg CO2e for Scope 1 and 2 combined, with Scope 3 emissions including investments at about 10.86 billion kg CO2e.

Climate Commitments and Reduction Targets:

Comerica has established ambitious climate targets, with its emissions data inherited from the corporate entity, Comerica Incorporated. The company aims for significant reductions in Scope 1 and 2 greenhouse gas emissions:

• A 65% reduction from the 2012 base year by 2030.
• A 100% reduction from the 2012 base year by 2050.

These long-term commitments build upon earlier goals, including a pledge in 2018 to reduce Scope 1 and 2 emissions by 100% by 2050, making it one of the first US regional banks to do so. A previous near-term target aimed for a 20% reduction in Scope 1 and 2 emissions related to occupied real estate below the 2012 baseline by 2020.