DALLAS, February 22, 2024 – For the second consecutive year, Comerica Bank has been named to the JUST 100 list as part of JUST Capital’s 2024 rankings of America’s Most JUST Companies. Comerica ranks 87th among a total of 937 companies and eighth among 35 banks evaluated. The rankings, released by JUST Capital along with CNBC, recognize companies for their commitment to serving its workers, customers, communities, the environment and shareholders.
The rankings are a measure of how the nation’s largest corporations are performing on the business issues that matter most to Americans. The issues – which include paying a fair, living wage, creating jobs in the U.S., supporting workforce retention and training, providing benefits and work-life balance, protecting customer privacy, minimizing pollution, and more – are defined annually by an extensive nationwide polling process done on a fully representative basis. The top 100 companies – the JUST 100 – are determined by scoring performance across the full range of criteria and comparing companies head to head.
“We build our success on our steadfast commitment to assist customers, support colleagues and uplift communities,” said Wendy Bridges, Comerica Bank Executive Vice President, Corporate Responsibility. “It is an honor to be recognized by JUST Capital and CNBC as a JUST 100 company as we strive to be a responsible corporate partner in creating opportunities today and paving paths to brighter futures.”
JUST Capital is an independent nonprofit that demonstrates how just business – defined by the priorities of the public – is better business. JUST Rankings reveal which companies are doing the best job of creating value for their stakeholders, and consistently show that the companies that score best also outperform their peers financially.
For the annual rankings, JUST Capital collects and analyzes corporate data to evaluate the 1,000 largest public U.S. companies across 20 issues identified through comprehensive, ongoing public opinion research on Americans’ attitudes toward responsible corporate behavior. JUST Capital has engaged more than 170,000 participants, on a fully representative basis, since 2015.
Compared to their Russell 1000 peers, companies in the JUST 100 on average:
- Pay 11.8 percentage points more of their workers a family sustaining living wage (78.3%).
- Provide 7.2 more hours of career development training per employee.
- Offer two more weeks of paid parental leave for both primary caregivers and secondary caregivers.
- Intake 99% less water per revenue dollar.
- Emitted 42% less metric tons of CO2 per revenue dollar.
- Used 29.6 percentage points more renewable energy as a proportion of their total energy use.
- Have a 4% higher profit margin, 2.9% higher return on equity, and 1.2% higher dividend yield.
For more on Comerica’s Corporate Responsibility efforts, visit the Corporate Responsibility Report page.
About Comerica Bank
This year, Comerica Bank celebrates 175 years of raising expectations for its customers, colleagues and communities. Comerica Bank, a subsidiary of Comerica Incorporated (NYSE: CMA), is 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, one of the 25 largest commercial U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful, providing more than 400 banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded on Aug. 17, 1849, in Detroit, Michigan, Comerica continues to expand into new regions, including its Southeast Market, based in North Carolina, and Mountain West Market in Colorado. Comerica has offices in 17 states and services 14 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $85.8 billion at December 31, 2023.
About CNBC
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business content consumed by more than half a billion people per month across all platforms. The network's 15 live hours a day of news programming in North America (weekdays from 5:00 a.m. - 8:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC at night features a mix of reality programming, CNBC's highly successful series produced exclusively for CNBC and a number of distinctive in-house documentaries.
CNBC also offers content through its vast portfolio of digital products such as: CNBC.com, which provides financial market news and information to CNBC’s investor audience; CNBC Make It, a digital destination focused on making you smarter about how you earn, save and spend your money; CNBC PRO, a premium service that provides in-depth access to Wall Street; a suite of CNBC mobile apps for iOS and Android devices; Amazon Alexa, Google Assistant and Apple Siri voice interfaces; and streaming services including Apple TV, Roku, Amazon Fire TV, Android TV and Samsung Smart TVs. To learn more, visit https://www.cnbc.com/digital-products/.
Members of the media can receive more information about CNBC and its programming on the NBCUniversal Media Village Web site at http://www.nbcumv.com/programming/cnbc. For more information about NBCUniversal, please visit http://www.NBCUniversal.com.
About JUST Capital
The mission of JUST Capital, an independent nonprofit, is to demonstrate how just business – defined by the priorities of the public – is better business. Our goal is to help companies create value for all their stakeholders – their workers, customers, communities, the environment, and shareholders – by focusing on the issues that matter most to Americans. To date, we’ve polled more than 170,000 Americans on the issues they believe companies should prioritize when it comes to just business behavior, and those insights guide our work. We believe that business and markets can and must be a force for the greater good and that by shifting the resources of the $21.6 trillion private sector, we can drive competition to build a better future for all. Our research, rankings, indexes, initiatives, and new offerings like the JUST Jobs Scorecard help track, analyze, incentivize, and scale corporate stakeholder performance. JUST Capital publishes the annual list of America’s Most JUST Companies, the JUST 100, in partnership with CNBC. To learn more, visit: www.JUSTCapital.com.
