SDG 7: Affordable and Clean Energy SDG 7: Affordable and Clean Energy

Ensure access to affordable, reliable, sustainable and modern energy for all

Commerzbank has been engaged in the financing of renewable energies since the 1980s. Commerzbank's expertise on the subject of energy is located in the Center of Competence Energy, which was founded in 2003 and nowadays ranks among the largest financiers of renewable energies in Europe. At the locations in Hamburg and New York more than 50 employees provide support to manufacturers, suppliers, project developers and investors with a focus on the technologies wind onshore and offshore as well as solar (photovoltaics, solar thermal power plants).

The energy transition is also a relevant topic for small and medium-sized enterprises. Energy efficiency not only contributes to climate protection, but also to a significant reduction in energy costs. Commerzbank is one of the leading banks in the usage of public subsidies for corresponding investments by SMEs – such as commercial energy efficiency programs of the KFW – and advises its Corporate Clients on the development of suitable financing solutions.

The transformation toward affordable, reliable, sustainable and modern energy is one of the great challenges that we face in this decade. These demands of the SDGs show that conflicting goals exist within the transformation of energy generation. That is because nationwide, reliable energy is currently not yet possible without fossil fuel-based power generation. To improve this situation, Commerzbank has already issued two Green Bonds of its own, each with an issue volume of 500 million euros. With the proceeds, the bank finances projects in the field of renewable energies. In addition to investments in renewable energies, Commerzbank also promotes energy-efficient construction and renovation of buildings.