Comerica Bank

Comerica Bank, a financial intermediation services provider headquartered in the US, has disclosed its carbon emissions for several years.

For the reporting year 2024, Comerica Bank reported total consolidated emissions of approximately 93.1 billion kg CO2e. This includes Scope 1 emissions of about 5.4 million kg CO2e and Scope 2 emissions (market-based) of approximately 22.7 million kg CO2e. Scope 3 emissions were substantial, with investments accounting for about 9.7 billion kg CO2e, purchased goods and services at approximately 64.2 million kg CO2e, and employee commutes at around 19.2 million kg CO2e.

In the prior year, 2023, total emissions were approximately 95.3 billion kg CO2e. Scope 1 emissions were about 5.7 million kg CO2e, and Scope 2 emissions (market-based) were approximately 25.6 million kg CO2e. Scope 3 emissions included investments of roughly 9.1 billion kg CO2e and purchased goods and services of about 80.1 million kg CO2e.

Comerica Bank's emissions data is cascaded from a parent or related entity. Specifically, its CDP and RE100 initiatives are sourced from Fifth Third Bank, National Association, at cascade level 1.

While specific quantitative reduction targets are not detailed in the provided information, the bank does report on various emissions scopes. The company's disclosures extend across Scope 1, 2, and 3, indicating a commitment to comprehensive emissions reporting. Intensity metrics related to real estate and employee business travel are also provided, suggesting a focus on operational efficiency and employee impact. The available documentation highlights reporting in its Corporate Responsibility Reports.