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DALLAS, Feb. 2, 2021 /PRNewswire/ — For the third consecutive 12 months, Comerica Included (NYSE: CMA) earned a spot on the 2021 International 100 record of probably the most sustainable companies by Company Knights. Comerica is considered one of 20 firms headquartered in america on the record and the one U.S. financial institution represented with a rating of 52nd.
The International 100 record is the results of a rigorous evaluation of almost 7,500 firms internationally with greater than $1 billion in annual income. Corporations are evaluated on 24 key efficiency indicators that embrace useful resource administration, worker administration, monetary administration and provider efficiency. This 12 months’s rating was additionally primarily based on a number of new efficiency indicators that replicate social considerations highlighted by the pandemic and racial justice motion. They embrace paid sick depart, govt and board racial variety, and clear income and investments.
“We’re proud to obtain the popularity from Company Knights and honored to be thought of a world chief on sustainability,” mentioned Curt Farmer, Chairman and CEO, Comerica Included and Comerica Financial institution. “We have found as we navigate by the COVID-19 pandemic and proceed to push for racial justice and fairness, our dedication to the surroundings, social and governance (ESG) points has been a power of stability and resilience.”
Regardless of the challenges offered in 2020 by the COVID-19 pandemic, Comerica continued to make strides in reaching its sustainability objectives. Its GHG discount efforts reached almost 52 % by the third quarter, placing it in preliminary achievement of its 2025 GHG discount objective of fifty %. And at year-end, the group had greater than $1.2 billion in inexperienced loans and commitments to prospects in 13 totally different environmentally useful classes.
Inclusion on the 2021 International 100 Most Sustainable Companies by Company Knights is the most recent in a string of recognitions the group has acquired in current months for its sustainability initiatives. In December, Comerica ranked 51st on Newsweek’s record of America’s Most Accountable Corporations for 2021 and not too long ago CDP awarded Comerica with an A- ranking on its local weather change questionnaire.
Comerica has additionally served as a frontrunner within the subject of variety, fairness and inclusion because it ranked third on the DiversityInc 2020 record of Prime Regional Corporations for Range. And most not too long ago, it secured a 100% on the 2021 Company Equality Index (CEI) associated to LGBTQ office equality for the eighth consecutive 12 months.
“The International 100 has demonstrated firms dedicated to ESG matters usually tend to ship superior monetary efficiency,” mentioned Scott Beckerman, Comerica Financial institution Director of Company Sustainability. “We consider within the significance of ESG points and stay devoted to management amongst our friends, demonstrating to our stakeholders the worth of a triple-bottom-line strategy to enterprise.”
For the whole 2021 International 100 Most Sustainable Companies by Company Knights, go to www.corporateknights.com/global100.
About Comerica:
Comerica Included (NYSE: CMA) is a monetary companies firm headquartered in Dallas, Texas, and strategically aligned by three enterprise segments: The Business Financial institution, The Retail Financial institution, and Wealth Administration. Comerica focuses on relationships, and serving to folks and companies achieve success. Along with Texas, Comerica Financial institution areas might be present in Arizona, California, Florida and Michigan, with choose companies working in a number of different states, in addition to in Canada and Mexico.
About Company Knights & the International 100 Most Sustainable Companies within the World:
Company Knights Inc. contains the sustainable enterprise journal Company Knights and a analysis division that produces rankings and monetary produce rankings primarily based on company sustainability efficiency. The International 100 is an annual undertaking initiated by Company Knights, the corporate for clear capitalism. Launched in 2005, the International 100 is introduced yearly on the sidelines of the World Financial Discussion board in Davos.
SOURCE Comerica Included
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