Comerica Incorporated Established – GuruFocus.com
DALLAS, December 13, 2021
DALLAS, December 13, 2021 / PRNewswire / – Comerica Incorporated (NYSE: CMA) announced the creation of a new corporate responsibility office with Wendy Bridges, Senior Vice President, Corporate Communications and Executive Administration, appointed to head the department as Executive Vice President, Executive Director of Corporate Responsibility. Bridges reports directly to Short farmer, Chairman of the Board and Chief Executive Officer, and sits on the Comerica Executive Committee.
âCorporate responsibility continues to gain in importance,â Farmer said. âBringing together key environmental, social and governance elements under the leadership of Wendy’s underscores our commitment to protect and preserve the environment, diversity, equity and inclusion (DCI) and to serve and strengthen our communities. ”
Bridges’ role will serve to enhance collaboration within the bank and enable the organization to consolidate its leadership role in environmental, social and governance (ESG) initiatives. More recently, Comerica’s efforts in the area of ââsustainability and DCI have received nationwide recognition as Comerica was named to Newsweek’s list of America’s Most Responsible Companies and was recognized by Forbes as a Top Employer for Business Owners. women.
âFor years, Comerica has been proactive on issues related to our environment, the needs of our communities and customers, and the criticality of a diverse culture,â said Bridges. âThe Corporate Responsibility Office allows us to centralize our collaborative ESG efforts in a single department to create synergies, new ideas and standardized reporting, and to reap the benefits for our colleagues, communities, clients and the community. planet. ”
Last year, Comerica created its ESG Council which includes leaders from across the bank to help define the ESG issues most important to the business. In August, Comerica released its 13th Corporate Responsibility Report linked to its ESG performance. In conjunction with the report, Comerica has established an ESG Platform, which highlights its five key ESG commitments:
1) Provide access to capital focused on underserved communities, women, minorities and small businesses
2) Promote a diverse, inclusive and equitable workforce
3) Invest in financial education for underserved communities
4) Fight against climate change
5) Improve ESG-related product and service solutions
Bridges joined Comerica in 2008 as Senior Vice President, Corporate Communications, and added the role of Director, Executive Administration in 2010. His responsibilities expanded in 2016 to include Corporate Contributions and External Affairs. and, since that time, have continued to expand. . In his new role, Bridges will oversee corporate sustainability, which focuses on the environmental issues most relevant to Comerica’s business, and government relations. She will continue her current responsibilities, which include overseeing external affairs, corporate contributions, corporate quality, corporate communications and executive administration. Bridges holds a BA in Journalism from the University of Texas at Austin. She sits on the board of directors of the Dallas CASA Children’s Council.
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Dallas, Texas, and strategically aligned by three lines of business: commercial banking, retail banking and wealth management. Comerica focuses on relationships and helps people and businesses succeed. In addition to Texas, the branches of Comerica Bank are located in Arizona, California, Florida and Michigan, with selected companies operating in several other states, as well as in Canada and Mexico. Comerica declared total assets of $ 94.5 billion from September 30, 2021.
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SOURCE Comerica Incorporated