Comerica

Texas
Banks

Risk Level:

Rating - Caution
Medium Risk

Summary:

Comerica Inc. is located in Dallas, TX and comprises three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica has not publicly terminated business relationships due to ideological beliefs or boycotted industries. However, Comerica is committed to ESG principles and climate change metrics, including its suppliers' and customers' carbon emissions. Comerica also vets suppliers according to LGBTQ policies and preferences suppliers through its supplier diversity program. However, the bank has not supported ideological organizations or funded ideological causes. For these reasons, Comerica receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Comerica Inc. received a score of 100 on the Corporate Equality Index from the Human Rights Campaign. Among other requirements, this means the company has pledged to vet vendors for LGBTQ policies (1). Comerica has set specific climate related goals and targets, including examining its suppliers to see which ones are in higher carbon emitting industries (2). However, it does not explicitly boycott specific industries or markets. Comerica has not publicly terminated contracts based on political or religious differences.

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Comerica’s Charitable Giving program allows for donations to religious organizations, provided that they use the funds solely to engage in community work and do not limit participation to members of one particular religious denomination (1)(2).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Comerica’s Code of Business Conduct and Ethics does not protect employees from political viewpoint discrimination (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

As part of its commitment to ESG principles, Comerica has committed to combatting climate change through its business operations, including loans, improving diversity, micro-aggression and bias trainings (1)(2)(3). Comerica has set specific climate related goals and targets, including examining its suppliers to see which ones are in higher carbon emitting industries (4). Comerica has a supplier diversity program (5).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Comerica’s direct corporate donations do not fund ideological groups hostile to freedom of expression (1).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

The Comerica Inc. PAC contributes to candidates and PACs in a bipartisan manner in accordance with business interests (1).

All links were last accessed and all information was updated on:
March 22, 2023

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