Systematically Promoting Environmental Protection Systematically Promoting Environmental Protection



In its environmental and energy management work Commerzbank with its employees aims at making its operations more sustainable by systematically promoting all aspects of environmental protection in the bank. The main objectives include optimising resource consumption, increasing the use of renewable energies and consequently reducing direct and indirect greenhouse gas emissions. Another important aspect is to ensure sustainable procurement. Since 2009 Commerzbank AG in Germany has an externally certified environmental management system according to ISO 14001 that supports us to systemize, manage and control the various environmental activities. 2015, we have also introduced an energy management system according to ISO 50001.

Commerzbank's climate target is to reduce its greenhouse gas emissions by 70 per cent by 2020 compared to 2007. The bank succeeded in reducing these emissions by nearly 68 per cent by the end of 2017. This was largely achieved by switching to green electricity: since January 2013, all the electricity supplied to the 1,150 bank buildings in Germany came from renewable energy sources. Since 2015 we offset all CO2 emissions that cannot be avoided.

Apart from that Commerzbank has set an energy target in addition to the existing climate target. It aims at reducing Commerzbank's energy consumption by 8 per cent until 2020 compared to 2014. This target was already significantly exceeded in 2017 thanks to a decline of 13.19%.

The corresponding business unit dealing with environmental and energy management falls within the remit of the Organisation & Security unit, which reports directly to the Board of Managing Directors. This unit controls the processes of major relevance to the environment, such as energy management, waste management and group procurement, and business travel management.

Furthermore, environmental protection is also closely connected to many other departments so as to ensure that Commerzbank’s environmental guidelines are applicable to all business activities of the bank. The Group Environmental Committee as part of the Group Operating Committee, with Frank Annuscheit, member of the Commerzbank Board of Managing Directors as its chairman, regularly defines standards and strategies for environmental protection in the Bank. All business units, including sales units, are represented on the committee.