Comerica

Diversified Banks
CMA
$ 74 2
Share price
$ 9.6 bn
Market Cap
$ 9.6 bn
Enterprise Value

Carbon footprint

3.7 Ton
GHG emissions per $ 1 mln investment
0.09x the weighted average for S&P 500
FY2021
How is this calculated?
-7.4%
YOY change in GHG emissions
Weaker than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-2.2%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Comerica aims to reduce Scope 1 + 2 by 65% by 2030 from a base year 2012


This target has not been verified as science based according to SBTi
Comerica's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Comerica's GHG emissions (location-based) (Kt of CO2e)
Comerica's Carbon intensity (Tons per 1 USDm)

Comerica's carbon footprint

Comerica reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 36 Kt (-2.8 /-7.4% y-o-y). At the same time, carbon intensity grew to 16 t (+3.1/+24% y-o-y).

Comerica's Scope 3 emissions took off to 91 Kt (+67/+274% y-o-y). The parameter has been fairly volatile.

The company is committed to reducing Scope 1 + 2 by 65% by 2030 from a base year 2012, which translates into the estimated reduction of -0.77 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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