Comerica Recognized For Sustainability Leadership

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Dec 17, 2015, 12:01 ET

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DALLAS, Dec. 17, 2015 /PRNewswire/ -- Throughout 2015, Comerica Incorporated (Comerica) continued to be recognized for broad progress in being a more sustainable organization.

Comerica has again been identified as a U.S. leader by CDP, the international not-for-profit, for the quality of climate change related information it has disclosed to investors and the global marketplace. Comerica was awarded a position on the S&P Climate Disclosure Leadership Index (CDLI) as a result of its perfect 100 score, independently assessed against CDP's scoring methodology. Those organizations graded within the top 10 percent constitute the CDLI. This marks Comerica's first perfect 100 disclosure score and the fifth time being listed on the CDLI. Comerica has also twice been listed on the CDP's Climate Performance Leadership Index (CPLI) for its performance in reducing carbon emissions.

This month, Comerica also received a second consecutive Green Supply Chain Award from Supply and Demand Chain Executive Magazine (S&DC) for the company's efforts to engage with its supply chain on sustainability. Comerica was recognized as the outstanding entrant among almost 200 companies considered for the award.

Teresa Lefevre, Comerica's green procurement workgroup leader and supplier diversity manager, said, "We appreciate S&DCs recognition of our efforts to green Comerica's supply chain. It marks a great partnership between our colleagues in procurement and sustainability, along with the support of our key suppliers. We realize that our impacts extend beyond our own footprint, and managing supply chain sustainability is a part of our commitment to raising the expectations of our stakeholders."

Further indications of Comerica's sustainability efforts include its seventh consecutive listing on the FTSE4Good Index, which follows companies that exhibit strong environmental, social, and governance practices.

This year, Comerica also earned its third Guinness World Records® honor for the most paper collected and securely destroyed in a 24-hour period for a community event in Dallas, Texas. Comerica's shred day events occur throughout the company's geographic footprint and support identity theft protection through the secure destruction and recycling of sensitive documents, in addition to supporting local community organizations.

Scott Beckerman, Comerica's Sustainability director, is pleased with the sustainability recognition the company is receiving. "To be recognized by entities such as CDP, FTSE4Good, and Supply & Demand Chain Executive Magazine for the work that we are doing to be responsible and transparent in our approach to sustainability is gratifying," he said. "But, it does not mean that we have won and are finished because there is always more progress to be made. Our colleagues are focusing on our 2020 environmental sustainability goals for reducing greenhouse gas emissions, water, waste and paper use. We will continue to look for ways to improve our business while adding sustainable value to Comerica and our stakeholders."

Comerica regularly shares its sustainability progress through the company's Sustainability Report published at comerica.com/sustainability. Comerica's current report uses the Global Reporting Initiative (GRI) framework and was the company's first GRI-G4-based report. The report references broad stakeholder input and connects key sustainability topics with the Comerica's core values of Customer-Centricity, Collaboration, Integrity, Excellence, Agility, Diversity, and Involvement.

Karen Parkhill, vice chairman and chief financial officer of Comerica and executive sponsor of Comerica's Sustainability program added, "Our leadership in sustainability reflects our commitment to our customers, our communities, and our shared future; it's another way we raise expectations of what a bank can be."

Comerica Incorporated (NYSE: CMA) 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 $71.0 billion at September 30, 2015. To find us on Facebook, please visit www.facebook.com/ComericaCares. Follow Comerica on Twitter at @ComericaCares and follow Comerica Chief Economist Robert Dye on Twitter at @Comerica_Econ.