Comerica Incorporated Establishes New Office of Corporate Responsibility; Wendy Bridges to Serve in New Role as Executive Vice President, Corporate Responsibility

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Comerica Incorporated (NYSE: CMA) has announced the establishment of a new Office of Corporate Responsibility, appointing Wendy Bridges as Executive Vice President and Director. This initiative aims to centralize efforts in environmental, social, and governance (ESG) initiatives, reflecting Comerica's commitment to community service and diversity. Bridges will enhance collaboration within the bank and oversee key areas such as Corporate Sustainability. Comerica has been recognized nationally for its ESG efforts, including being listed among Newsweek's Most Responsible Companies and Forbes' Best Employers for Women.

Positive

• Established a new Office of Corporate Responsibility to centralize ESG efforts.
• Wendy Bridges appointed to lead as Executive Vice President, enhancing leadership in sustainability and community service.
• Comerica recognized by Newsweek and Forbes for its commitment to responsible corporate practices.

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• None.

DALLAS, Dec. 13, 2021 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced that it has established a new Office of Corporate Responsibility with Wendy Bridges, Senior Vice President, Corporate Communications and Executive Administration, appointed to lead the department as Executive Vice President, Executive Director of Corporate Responsibility. Bridges reports directly to Curt Farmer, Chairman and Chief Executive Officer, and serves on Comerica's Management Executive Committee.

"Corporate Responsibility continues to increase in importance," said Farmer. "Bringing key environmental, social and governance elements together under Wendy's leadership underscores our dedication to protecting and preserving the environment; diversity, equity and inclusion (DEI); and serving and strengthening our communities."

Bridges' role will serve to enhance collaboration across the bank and further enable the organization to solidify its role as a leader in environmental, social and governance (ESG) initiatives. Most recently, Comerica's efforts in the field of sustainability and DEI have garnered national recognition as Comerica has been named to Newsweek's list of America's Most Responsible Companies and was recognized by Forbes as a Best Employer for Women.

"For years, Comerica has been pro-active in matters related to our environment, the needs of our communities and customers, and the criticality of a diverse culture," said Bridges. "The Office of Corporate Responsibility allows us to centralize our collaborative ESG efforts into one department to create synergies, fresh ideas and standardized reporting, and reap the resulting benefits for our colleagues, communities, customers and planet."

Last year, Comerica established its ESG Council which includes leaders from across the bank to help define the most significant ESG issues for the company. In August, Comerica released its 13th consecutive Corporate Responsibility Report related to its ESG performance. In conjunction with the report, Comerica established an ESG Platform, which highlights its five key ESG commitments:

1)    Providing access to capital focused on underserved communities, women, minorities and small businesses
2)    Promoting a diverse, inclusive and equitable workforce
3)    Investing in financial education for underserved communities
4)    Addressing climate change
5)    Enhancing ESG-related product and service solutions

Bridges joined Comerica in 2008 as the Senior Vice President, Corporate Communications, and added the role of Manager, Executive Administration in 2010. Her responsibilities expanded in 2016 to include Corporate Contributions and External Affairs and, since that time, have continued to increase in scope. In her new role, Bridges will gain oversight of Corporate Sustainability, which focuses on 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 bachelor's degree in journalism from the University of Texas at Austin. She serves on Dallas CASA's Children's Council Board.

Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $94.5 billion as of Sept. 30, 2021.

 

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SOURCE Comerica Incorporated

FAQ

What is Comerica's new corporate responsibility initiative about?

Comerica's new initiative focuses on centralizing environmental, social, and governance (ESG) efforts under the Office of Corporate Responsibility led by Wendy Bridges.

Who is leading Comerica's Office of Corporate Responsibility?

Wendy Bridges has been appointed as the Executive Vice President and Executive Director of the Office of Corporate Responsibility.

What recognitions has Comerica received recently?

Comerica has been recognized by Newsweek as one of America's Most Responsible Companies and by Forbes as a Best Employer for Women.

When was the new Office of Corporate Responsibility established?

The new Office of Corporate Responsibility was announced on December 13, 2021.

What are the key commitments of Comerica's ESG Platform?

Comerica's ESG Platform focuses on access to capital for underserved communities, promoting diversity, investing in financial education, addressing climate change, and enhancing ESG-related products.