SDG 12: Responsible Consumption and Production SDG 12: Responsible Consumption and Production

Ensure sustainable consumption and production patterns

Around 50% of the climate protection potential and 90% of the reduction in the biosphere can be attributed to the field of action regarding SDG 12, and this is where a great deal of leverage lies, particularly in industrialized countries. Financial institutions also play a central role in this, as they can redirect financial flows in such a way that they contribute to more sustainable consumption and production. To this end, Commerzbank is constantly working on developing its positions and policies. General exclusion criteria were updated as recently as the beginning of 2022 on the topics of coal, oil and gas. Commerzbank also takes a stance on the social and societal issues of “armaments” and “ship dismantling”.

In addition, Commerzbank does not have any business relationships with palm oil companies that are not members of the Roundtable on Sustainable Palm Oil (RSPO). With our green product offerings for Corporate Clients as well as Private and Small-Business Customers, we also want to actively contribute to making consumption and production more sustainable, for instance by issuing several green bonds, the proceeds of which finance projects in the field of renewable energies. Since 2020, there has also been an attractive impact fund for private investors, which should lead to generation of renewable energies as well as sustainable infrastructure, mobility and forestry worth a total of, at least, 25 billion euros.