DALLAS, May 5, 2022/PRNewswire/ Comerica Bank announced today that it has expanded its Environmental Services Department (ESD), with the addition of a new group devoted to growing and supporting Comerica’s renewable energy businesses. Matt BreightAs Senior Vice President and ESD Group manager, he has been appointed to head Renewable Energy Solutions. He reports to Joe Ursuy, Senior Vice-President, Director of Environmental Services.
Since 2006, Comerica’s ESD have made significant strides in the area of renewable energy. Its past experience in financing landfill gas, biomass, and other forms of renewable energy has led to the financing of independent renewable energy generators for various forms of renewable energy, including those in the solar, wind, and anaerobic digestion sectors.
“Over the last decade, we’ve gained deep industry expertise in ESD supporting businesses that produce renewable electricity from certain sources like landfill gas. ESD’s solid foundations are still waste and recycling. However, we believe it makes sense to target the wider renewable sector using our proven relationship banking model and a strong leader in Matt. We will continue to invest both in our waste and recycling business as well as our new renewable energy group. Ursuy states that clients should expect the best-in-class, white-glove service they’ve ever received.” “We continue to support and work with associations and non-profits such as The Coalition for Renewable Natural Gas and The Environmental Research and Education Foundation in order to improve sustainability and industry practices.”
The Renewable Energy Solutions group consolidates related efforts from across the organization under a single umbrella. It also allows Comerica credit resources to be better aligned, including approval and underwriting. Comerica’s broader sustainability goals can be aided by the group’s ability to drive green loan growth and improve the accuracy of data related the bank’s renewable efforts.
“Comerica is a long-standing Coalition for Renewable Natural Gas member with a track record of ethics, commitment and expertise in working together with renewable energy businesses,” states Johannes EscuderoFounder and CEO of the Coalition for Renewable Natural Gas. “I am thrilled to see the increased investment in renewable energy, as it will further support our goal to ensure that future generations have access to domestic, renewable and clean fuels and energy.
Comerica is a member of the Coalition for Renewable Natural Gas and the Partnership for Carbon Accounting Financials. This global partnership of financial institutions works together to develop and implement an harmonised approach to assess and disclose greenhouse gas (GHG), emissions from loans and investments.
Comerica Bank is committed in protecting the environment and helping communities thrive.
- Comerica established an ESG Council in 2020. This council’s purpose was to provide strategy and programs that will help Comerica maintain its ESG Leadership among peers within the financial sector.
- Comerica created its Office of Corporate Responsibility last year. It demonstrates its commitment towards protecting the environment, diversity and equity, as well as serving and strengthening communities.
- Comerica, via its first quarter 2022 earnings announcement, $1.8 billionGreen loans and commitments as of 3/31/22, up 52% compared to 3/31/21.
- Comerica was included in the Newsweek 2022 list of America’s Most Responsible Companies. This marks the third consecutive year of inclusion on the list.
Breight has been with Comerica from 1998 to this day. Prior to his role as Senior vice president, group manager environmental services, Breight was a relationship manager in the Small Business and Middle Market departments. His specialized team worked with companies in the U.S. as a Group Manager. CanadaThese companies collect, transport and treat waste. Breight is a Bachelor of Business Administration graduate. Western Michigan University.
Comerica Bank is a subsidiary company of Comerica Incorporated. (NYSE: CMA), a financial services company headquartered in Dallas, TexasStrategically aligned by three business segments: The Commercial Bank and The Retail Bank and Wealth Management. Comerica is all about relationships and helping people as well as businesses succeed. Additionally, TexasYou can find Comerica Bank branches in Arizona, California, FloridaAnd Michigan, where select businesses operate in several other states as well as in CanadaAnd Mexico. Comerica reported total assets at $89.2 BillionsAs of March 31, 2022.
SOURCE Comerica Incorporated
