Sustainability Sustainability

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The concept of sustainability is firmly anchored in Commerzbank's relationship with its service providers and suppliers. Commerzbank has an externally certified environmental and energy management system according to ISO 14001 and 50001. Commerzbank is thus continuously improving its own sustainability performance, including through its procurement decisions. Commerzbank is part of the Net-Zero Banking Alliance of UNEP FI, the United Nations Environment Programme Finance Initiative since 2021. As one of the first financial institutions worldwide, Commerzbank is committed to reduce the emissions of its banking operations to zero already by 2040. In addition, we have set ourselves the goal of having a 100% climate-neutral supplier portfolio by 2040.

The standard for sustainable procurement (PDF, 271 kB) and the code of conduct define binding rules for the ecological, social and ethical aspects that must be taken into account when purchasing goods and services. The ecological, social and governance criteria (ESG) specified in the standard reflect Commerzbank’s corporate responsibility demands on its service providers and suppliers. As a result, through its purchasing decisions Commerzbank also actively influences the sustainable orientation of these suppliers and service providers.

All Commerzbank's procurement processes are managed centrally by Corporate Procurement. This ensures that consistent sustainability standards are employed. In procurement projects, Commerzbank's Corporate Procurement department also contributes towards the achievement of the defined sustainability goals by selecting ecological products and environmentally conscious suppliers. The inquiry into sustainability-relevant information, such as existing ISO certifications and climate protection targets, is an integral part of Commerzbank's supplier management. Moreover, we inform our service providers and suppliers about the Bank's internal environmental guidelines.

Commerzbank expects its suppliers not only to make efforts to meet environmental and social standards, but also to send this expectation to their downstream suppliers. Commerzbank's corporate responsibility does not end with its internal processes, but extends throughout the entire supply chain.

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