Commerzbank commits to its economic, ecologic and social responsibility. In order to ensure a sustainable corporate governance, we have set up extensive positions and standards in different activity fields.
Positions & Directives
As an important financier of the German economy, we have put in place multiple positions and directives, that are regularly updated. Transactions and business relationships in which aspects of sustainability play a material role are extensively researched, analysed and subject to wide-ranging evaluation. In extreme this may lead to a rejection of a transaction or termination of a business relationship.
Code of Conduct
Also building on our ComWerte, we have set up guidelines for integrial behavior: Our Code of Conduct. The guideline clearly formulates existing rules of conduct and thus provides all staff with a binding guidance framework for acting with integrity. The Code of Conduct applies to all Commerzbank staff without exception, from senior management to trainee level.
Our ComWerte (corporate values) create a binding and unifying corporate culture. They are the foundation for the corporate responsibility as well as for the personal responsibility of every single Commerzbank employee.
Corporate Responsibility Guidelines
Based on our ComWerte, the corporate responsibility guidelines provide guidance for the sustainable focus of our business activities. Our commitment to the principles of the UN Global Compact is one of the six guidelines. Together with many distinguished companies in Germany and around the world, we are signatory to this United Nations initiative, which campaigns for active environmental protection, fair labour relations, the protection of human rights and the fight against corruption.
With special focus on the environment, Commerzbank has formulated environmental guidelines. These are important points of reference for the strategic orientation of our core business as well as for the management of our ecology of business operations. In this concern we also include suppliers in our strategic operations.
Further memberships and initiatives
In addition to our own standards, we take part in renowned initiatives to promote and enact sustainability. Besides the signing of the UN Global Compact in 2006, Commerzbank has committed to comply to the German Sustainability Code, which describes the essential requirements for corporate sustainability and enables the comparability of participating companies' sustainability performances. Furthermore, we are, as the first German bank, member of the Roundtable on Sustainable Palm Oil and thereby contribute to a sustainable development of the palm oil sector and the support of sustainable palm oil production. Please find additional memberships in our overview.