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

Ensure sustainable consumption and production patterns

The task of our environmental and energy management is to systematically promote operational environmental protection in all of its facets with the inclusion of employees, in order to make Commerzbank’s actions ever more sustainable. Key objectives include optimizing resource consumption, increasing the use of renewable energies, and reducing direct and indirect greenhouse gas emissions. To this end, Commerzbank is ISO 14001 and 50001 certified and thus acts in compliance with the international standards for environmental and energy management systems. With the standard for sustainable procurement, our Corporate Procurement provides binding guidelines to ensure that all parties involved in the process take sustainability aspects into account when purchasing goods and services. The environmental, social and governance (ESG) criteria set out in the standard reflect Commerzbank’s expectations to the corporate responsibility of its service providers and suppliers. As such, among other things, we want to commit our suppliers to sustainable, inclusive products and services in order to actively support the inclusion of employees and customers with disabilities. Our contract with the Cooperative of Workshops for People with Disabilities also helps to ensure that aspects of inclusion have a place in our procurement decisions. In this way, Commerzbank also actively influences the sustainable orientation of its suppliers through purchasing decisions. The goal of the standard is to systematically promote sustainable development in the procurement process. With our Net Zero Strategy, we are setting additional focus for sustainable procurement: We are aiming for a 100% climate-neutral supplier portfolio by 2040.

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