Commerzbank is a member of the Green Bond Principles since July 2014. By supporting the Green Bond Principles, we stress how important establishing principles of sustainability in the Bank’s core business is and will be in the future.
The guidelines define a voluntary standard for the issuing process of Green Bonds. The aim is to promote the standardisation, integrity and transparency in the Green Bond market. Therefore, Green Bond Principles submit, among others, a recommendation for the use of proceeds. According to the principles, all proceeds shall be invested in projects with clear environmental benefits. This includes renewable energy, energy efficiency, sustainable waste management, biodiversity or innovative and clean transportation. Commerzbank expects that the development of the Green Bond Principles will make an important contribution in the standardisation and further growth of the Green Bond market.
The total volume of all green and social bonds for which Commerzbank was the lead manager in 2020 was EUR 46.3 billion. This means that the volume almost quadrupled compared to 2019. In mid-September 2020, Commerzbank also issued its second own Green Bond with an issue volume of EUR 500 million. The bank will use the proceeds to finance projects in the field of renewable energies. The projects financed by the Green Bond lead to CO2 savings of around 850,000 tons per year. Further information on our Green Bonds can be found here.
