SDG 8: Decent Work and Economic Growth SDG 8: Decent Work and Economic Growth

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Commerzbank handles around 30 percent of German foreign trade and is the market leader in financing of small and medium-sized enterprises. The key role played by German SMEs in employment and economic activity goes hand in hand with a special responsibility. After all, SMEs are Germany’s economic and employment engine. They are the driving force behind innovations and a strong partner for large companies worldwide. In 2021, Commerzbank additionally assisted the European Union in issuing two social bonds under the “Sure program”. This supports member states in combating the consequences of Covid-19, in particular to secure jobs in the EU.

Commerzbank’s human rights position in general commits the bank to respecting the rights of its employees, customers and other parties involved in its supplier relationships, and monitors products, transactions and other relationships for compliance with this position as part of its reputation risk management. Commerzbank’s Code of Conduct stipulates that all employees worldwide must respect human and personal rights as fundamental rules of the community and also expect their business partners to do the same. In defining the content of human rights, Commerzbank refers to the internationally accepted human rights standards, which include the UN International Bill of Human Rights and the IKLO core labour standards. Commerzbank is also part of the UN Global Compact. In addition, Commerzbank is a signatory to the “Diversity Charter” of companies in Germany and thus sends a visible signal to employees, customers and business partners regarding the clear acceptance of individuality and diversity. By recommending the usage of gender-appropriate and inclusive language, we are sensitizing our workforce to people who may not feel included in the previous language patterns.