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Comerica Inc
Comerica's GHG Emissions Data Preview
In 2024, Comerica completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Comerica has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Comerica’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Comerica’s data sources below and access millions more through our Disclosure Search.
Insights into Comerica's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofComerica amounted to32,140metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Comericadecreased by 7.92%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Comerica's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Comerica's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Comerica were 5,391 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Comerica reduced its Scope 1 emissions over time?
Since 2019, Comerica's Scope 1 emissions have decreased by 14.48%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Comerica's Scope 1 emissions decreased by 5.12%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Comerica's Scope 2 emissions?
In 2024, Comerica reported Scope 2 greenhouse gas (GHG) emissions of 22,710 tCOâ‚‚e using the market-based method and 26,749 tCOâ‚‚e using the location-based method.a
Has Comerica reduced its Scope 2 emissions over time?
Since 2019, Comerica's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 26.34%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), Comerica's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Comerica's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Comerica use for Scope 2 reporting?
In 2024, Comerica reported its Scope 2 emissions using the market-based method and using the location-based method.a
Comerica's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Comerica's Value Chain Emissions
In 2024, Comerica reported 9,834,081 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Comerica includes a breakdown across 9of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Comerica's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Comerica's Scope 3 emissions?
In 2024, Comerica reported total Scope 3 emissions of 9,834,081 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0.93%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.07%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Comerica reduced its Scope 3 emissions over time?
Since 2019, Comerica's Scope 3 emissionshave remained relatively stable, indicating that Comerica's emissions have plateaued with no significant change in its value chain footprint.a
Compared to the previous year (2023), Comerica's Scope 3 emissions remained relatively stable, indicating that Comerica's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Comerica disclose?
In 2024, Comerica reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Comerica's Scope 3 emissions?
In 2024, the largest contributors to Comerica's Scope 3 emissions were:a
- Investments (Cat. 15): 9,741,822 tCOâ‚‚e(99.06%)
- Purchased Goods and Services (Cat. 1): 64,228 tCOâ‚‚e(0.65%)
- Employee Commuting (Cat. 7): 19,175 tCOâ‚‚e(0.19%)
Comerica's Scope 3 Emissions by Categories
Insights into Comerica’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Comerica reported Scope 1 greenhouse gas (GHG) emissions of 5,391 tCOâ‚‚e and total revenues of USD 3,244 millions. This translates into an emissions intensity of 1.66 tCOâ‚‚e per millions USD.a
Comerica's Scope 1 Emissions Intensity Compared to Peers
How does Comerica's GHG emissions intensity compare to its peers?
In 2024, Comerica reported a Scope 1 emissions intensity of 1.66 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.25, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Comerica rank on GHG emissions intensity within its industry?
In 2024, Comerica ranked 17 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Comerica is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Comerica's Total Carbon Footprint
In 2024, Comerica reported a total carbon footprint of 9,866,221 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.2% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Comerica's total carbon footprint was Scope 3 emissions, accounting for 99.67% of the company's total carbon footprint, followed by Scope 2 emissions at 0.27%.a