DALLAS – Comerica Inc. today announced it has been rated No. 138 in the recently released Newsweek 2014 Green Rankings U.S. 500 list, which ranks the 500 largest publicly-traded companies in the United States by market cap, moving up from its previous position at No. 372, the last time Newsweek completed its green rankings. Comerica was the highest scoring U.S bank on the list.
The Newsweek 2014 Green Rankings evaluate companies using eight metrics that collectively provide a transparent measurement of overall corporate environmental performance. Companies were scored on each metric against their industry peers using a 0-100 percent scale. Using an industry-relative scale provides a chance for companies in every industry to score high or low depending on the choices they have made. To assess companies on corporate reputation and environmental risks and litigation, Newsweek research partner Corp. Knights Capital partnered with RepRisk, a business intelligence provider on environmental, social, and governance risks.
The Newsweek ranking continues Comerica’s positive recognition for its sustainability performance and leadership. In 2013, Comerica achieved a position in the Carbon Disclosure Project Performance Leadership Index, recognizing its ongoing progress in reducing emissions and reducing resource consumption. In addition to an ongoing listing on the FTSE4Good Index, Comerica was included in the Thomson Reuters Corporate Responsibility Indices in both the environmental and governance categories. Regarding ongoing efforts to green the supply chain, Comerica was recognized by Office Depot with its Leadership in Greener Purchasing award for the second time in three years. Comerica was also the only U.S. bank to be listed as a 2014 Natural Capital Efficiency Leader in GreenBiz’s Natural Capital Leaders Index.