SDG 13: Climate Action SDG 13: Climate Action

Take urgent action to combat climate change and its impacts

Since 2008, Commerzbank has been pursuing a climate strategy that included, among other things, reducing our own greenhouse gas emissions by 70% by 2020. Having achieved this goal two years ahead of schedule, the bank has set itself the target of a further 15% reduction in emissions by 2025. Where greenhouse gas emissions cannot be avoided, they have been offset since 2015 – the bank operates climate neutral by offsetting unavoidable greenhouse gas emissions with CO2 certificates. With our Net Zero Strategy, we have set ourselves a much higher target in 2021: by 2040, emissions generated in our own banking operations are to be reduced to net zero. Net zero means reducing emissions in line with the latest climate science and offsetting the remaining residual emissions with carbon credits.