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Business travel accounts for one quarter of our total CO2 emissions. Therefore environmentally efficient means of transport are preferred. Our business travel guidelines stipulate that air travel should be avoided for short journeys, staff should examine the possibility of car sharing and alternative technical options such as video- and tele-conferencing should be used if possible.

The approx. 320 pool cars of Commerzbank were being gradually replaced since 2014 by eco-friendly models with improved fuel consumption and lower CO2 emissions. This led to a fall in average CO2 emissions to less than 100 g/km or an annual reduction of minus 18 per cent compared to the previous fleet. Furthermore the car pool of Commerzbank has been extended to cars with electric drive in November 2015. At each of the sites in Frankfurt, Hamburg and Munich three e-cars and corresponding charging stations are available for our employees. The chosen e-cars have a range of about 150 km and complement conventional company cars with an environmentally friendly alternative for business trips in the vicinity.

From March 2019 five buildings in Frankfurt will gradually be equipped with charging stations for private electric cars of employees. As Commerzbank procures 100% renewable energy since 2013, employees will charge their cars solely with green energy.

Commerzbank'sbank car policy explicitly covers environmental issues. A bonus-malus system sets clear incentives for a greener car choice: For cars with CO2 emissions below 120 g/km, the leasing rate gets cheaper: at least 25 and up to 125 euros per month. In addition, employees can also lease electric cars for the first time. From CO2 emissions of 150 g/km onwards, the malus system affects the lease rate which rises from additional 125 up to 175 euros per month. As a consequence, the average CO2 emissions of bank cars decreased from 131 g/km to 122 g/km (as of June 2018).

In 2015, the average CO2 emissions of newly ordered vehicles amounted to 121 gram per kilometre (2014: 128 gram per kilometre). Commerzbank expects that this value will continue to decline due to the new car policy.

In addition, the bike-services offer our employees a climate friendly alternative: We enable our staff to use bikes, pedelecs and other e-bikes through our bike-leasing model. Moreover, there are 60 company bikes at six locations in Frankfurt which allow fast, climate neutral and healthy urban transportation.

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