“At Comerica, we value the broad range of perspectives, cultures and backgrounds of our colleagues. We believe that this diversity creates a rich work environment that supports creative thinking, innovation and growth.”
“Diversity, equity and inclusion are embedded in our Core Value – A Force for Good – and critical to delivering our mission of helping people succeed. Promoting a culture where every voice is heard, every perspective valued and every individual provided the opportunity to thrive makes Comerica stronger and helps us better serve our customers, colleagues and communities.”
From the Company
Comerica Bank initiated key strategies in the following DEI pillars to continue forward the strengthening of our core value, “A Force for Good,” by completing the following actions:
Accelerate our Culture of Inclusion
- Completed Comerica’s internal communications campaign of “Comerica, Together.”
- Delivered over 21 “Leading Inclusively” three-hour workout sessions for 380+ senior leaders at the bank, resulting in a 5-point increase in Comerica’s Inclusion Index.
Valuing Variety in our Workforce
- Increased our commitment to our Talent Pathways Program, which is focused on building, developing and retaining talent.
- Increased development and mentoring opportunities for top talent and ensured equitable opportunities for growth.
- Accelerated key partnerships with HBCUs.
- Nearly doubled our veteran hiring rate and improved workforce utilization at the highest levels of the company.
Driving Change through Governance
- Required the top 2 levels of senior leaders to complete our reverse mentoring program.
- Established CRA service hours requirement for all senior leaders as a foundational component on our scorecard.
- Achieved an overall increase in CRA service hours, and for the second consecutive year, all lines of business met their goal.
Embracing Our Social Impact
- Invested in HBCU banking degree programs and CEO Action.
- Increased applicant and colleague engagement.
Additional business highlights
- In 2023, Comerica colleagues amassed more than 79,000 volunteer hours, translating to more than $2.5 million donated to local nonprofits.
- Comerica proudly exceeded 100% of its established three-year (2021-2023), $5 billion small business lending commitment. The funds helped deliver change, providing meaningful funding to more than 15,000 small businesses.
- In 2023, Comerica opened the doors to its innovative Comerica BusinessHQ. The facility, residing in the Southern sector of Dallas, aims to empower underserved communities by providing access to capital and other meaningful resources.
- We care deeply about the environment and continue to deliver on commitments to help our communities and planet thrive long-term. In 2023, we saw a significant increase in green loans and commitments, reaching $2.9 billion—a 6.8% increase from 2022.
- Comerica helps drive change in our local communities through the delivery of important financial education. In 2023, Comerica colleagues helped more than 105,000 individuals from low- to moderate-income communities through our Comerica $ense financial education programs
- Through our Small Business Bootcamps, Comerica impacted more than 8,000 entrepreneurs and small business owners.
