Comerica Publishes Latest Corporate Sustainability Report

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Jul 29, 2015, 03:28 ET

DALLAS, July 29, 2015 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) today announced the publishing of its latest corporate sustainability report at www.comerica.com/sustainability. The 2014 Comerica Sustainability Report represents the banking company's most current broad-based report on the economic, environmental, social, and governance impacts and opportunities associated with its business.

"I'm very pleased with our progress at Comerica to support sustainable business practices," said Scott Beckerman, Senior Vice President and Director of Corporate Sustainability at Comerica, Inc. "In 2014, we completed a comprehensive sustainability impact assessment in conjunction with our internal and external stakeholders. That assessment helped focus our reporting on the most impactful sustainability issues – allowing us to report on what matters most to our stakeholders."

The 2014 Comerica Sustainability Report was prepared in accordance with the Global Reporting Initiative's GRI G4 guidance, which enables organizations to measure and understand their most critical impacts on the environment, society and the economy. As a result, the report reflects a heightened focus on those economic, environmental, social, and governance topics viewed by internal and external stakeholders as the most relevant and significant to Comerica's business. The report covers a diverse array of "impact topics" such as: customer privacy and protection; serving the underbanked; climate change, energy and greenhouse gas emissions; regulatory risk and compliance; talent attraction, retention, and development; diversity; and community reinvestment and development.

"Highlights of our 2014 progress included strengthened risk management programs, further reductions in greenhouse gas emissions and material consumption, and continued support of our customers and our local communities," said Beckerman. "We couldn't make this broad progress without our dedicated colleagues who strive daily to raise the expectations of what a bank can be."

Key highlights of Comerica's 2014 sustainability performance as well as the banking company's progress in meeting its 2020 environmental goals are available here.

About Comerica
Comerica Incorporated is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $69.9 billion at June 30, 2015.