Dallas, May 5, 2022 /PRNewswire/ — Comerica Bank today announced the expansion of its Environmental Services Department (ESD) with the launch of a new group dedicated to growing and supporting Comerica’s renewable energy business. Matt Breight, Senior Vice President and ESD Group Manager, has been appointed Head of Renewable Energy Solutions. He’ll get in touch Joe UrsuySenior Vice President, Director of Environmental Services.
Since the creation of the department in 2006, Comerica’s ESD has made significant achievements in the field of renewable energy. In recent years, his historical experience in financing landfill gas and biomass has naturally evolved into financing independent renewable energy producers for other forms of renewable energy, including those involved in the solar, wind and anaerobic digestion industries.
“Over the last decade, within ESD, we have developed in-depth industry knowledge to support companies that produce renewable energy from specific sources such as landfill gas. While waste and recycling remain the firm foundation of ESD, we think it makes sense to target the broader renewable energy sector with our proven relationship banking model, combined with a strong market leader in Matt. We will continue to invest in our waste and recycling business and in our new renewable energy group. Our customers should expect the same top-notch, white-glove service they’ve received in the past,” says Ursuy. “In addition, we continue to support and work with associations and non-profit organizations such as The Coalition for Renewable Natural Gas and the Environmental Research and Education Foundation, to drive sustainability and improve industry practices.”
By consolidating related efforts from across the organization under one roof, the Renewable Energy Solutions Group also enables Comerica to better align credit resources, including underwriting and approval, foster greater organizational consistency, and further its broader sustainability goals by driving green credit growth Driving and improving data accuracy related to the bank’s renewable efforts.
“Comerica, a long-time member of the Coalition for Renewable Natural Gas, has a proven track record of ethics, dedication and expertise when working with renewable energy companies,” says John EscuderoFounder and Managing Director of Coalition for Renewable Gas. “I am pleased with this increased investment in the renewable energy industry as I envision it will further support our goal of ensuring current and future generations have access to indigenous, renewable, clean fuel and energy.”
In addition to its membership in the Coalition for Renewable Natural Gas, Comerica is also a member of the Partnership for Carbon Accounting Financials (PCAF), a global partnership of financial institutions working together to develop and implement a harmonized approach to assessing and reporting carbon emissions (GHG ) related to their loans and investments.
Comerica Bank is committed to protecting and preserving the environment to help communities and the planet thrive.
- In 2020, Comerica established an ESG Council, the purpose of which is to provide policies and programs to maintain Comerica’s ESG leadership among peers and within the financial industry.
- Last year, Comerica established its new Office of Corporate Responsibility, demonstrating its commitment to protecting and preserving the environment. diversity, equity and inclusion; and to serve and strengthen our communities.
- Comerica announced its first quarter 2022 results, $1.8 billion in green loans and commitments (as of 03/31/22), up 52% from 03/31/21.
- Comerica was named to Newsweek’s 2022 list of America’s Most Responsible Companies, marking the third consecutive year on the list.
Breight has been with Comerica since 1998. Prior to 2013, when he assumed his most recent position as Senior Vice President, Group Manager – Environmental Services, he served as a relationship manager in the Small Business, Middle Market and Environmental Services divisions. As Group Manager, his specialized team worked with growing companies in the US and Canada that collect, transport, treat, recycle, process and dispose of various types of waste including solids, recyclables, e-waste, hazardous, liquid and landfill gases. Breight holds a Bachelor of Business Administration from Western Michigan University.
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Dallas, Texas, and strategically aligned to three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica focuses on relationships and helping people and businesses thrive. In addition to TexasComerica Bank locations can be found in Arizona, California, Florida and Michiganwith select companies operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $89.2 billion away March 31, 2022.
SOURCE Comerica Incorporated