Business travel accounts for one quarter of our total CO2 emissions. Therefore environmentally efficient means of transport are preferred. Our business travel guidelines requires that business trips be carried out by rail as far as possible, that air travel should be avoided for short journeys, that staff should examine the possibility of car sharing and that alternative technical options such as video- and tele-conferencing should be used if possible. Commerzbank also pays its employees in Germany a monthly mobility subsidy of 20 euros for travel costs by public transport.
The almost 300 pool cars of Commerzbank were being replaced by eco-friendly models with improved fuel consumption and lower CO2 emissions. This led to a fall in average CO2 emissions to 109 g/km. Furthermore the car pool of Commerzbank has been extended to cars with electric drive in November 2015: At the sites in Berlin, Frankfurt, Hamburg, Munich and Stuttgart nine e-cars and corresponding charging stations are available for our employees. The chosen e-cars have a range of about 300 km and complement conventional company cars with an environmentally friendly alternative for business trips in the vicinity. Five buildings in Frankfurt are 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 up to 110 g/km, the leasing rate gets cheaper: at least 25 and up to 150 euros per month. In addition, employees can also lease electric cars for the first time. For CO2 emissions above 140 g/km, the malus system affects the lease rate which rises from additional 125 up to 175 euros per month. Vehicles with more than 160 g/km of CO2 emissions cannot be leased from the Bank.
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, the 15,000 bikes throughout Germany belonging to the sharing system Call a Bike are available to Commerzbank employees which allow fast, climate neutral and healthy urban transportation.
