Mobility for our employees
We support employees with offers for the use of bicycles, public transport and electric drives in the working environment. These offers open up additional opportunities for work and official journeys.
Sustainability and ESG are widely used terms. Sustainability describes a forward-looking perspective in which environmental, social and economic aspects are considered over the long term in order to preserve the foundations of life and business for future generations. In the corporate and financial sectors in particular, these aspects are commonly summarized under the term ESG (Environmental, Social and Governance). Sustainability is defined differently across regulatory, scientific, and economic contexts. Regulatory requirements, such as the EU Taxonomy or the EU Sustainable Finance Disclosure Regulation, provide a framework for individual sustainability aspects while leaving room for company-specific specification.
The specific meaning of sustainability for Commerzbank AG’s products, services, and business activities is set out in the ESG Framework. It defines the relevant criteria and distinguishes, in particular, between the Bank’s own business and external client investment and insurance business, including asset management and securities business (“third-party business”).
Mobility offers in the working environment
Mobility is part of operational greenhouse gas emissions. Our employees' journeys contribute to CO₂e emissions in the working environment. That is why Commerzbank provides offers that open up additional opportunities for employees to commute to work and work-related trips. These include bicycle services, public transport and vehicles with electric drives.
Our mobility offers
Business travel policy
Our internal business travel policy stipulates that business trips should be made by rail wherever possible and that the use of air travel should be largely avoided for short journeys. In addition, carpooling options are to be examined and, where possible, technical alternatives such as video and telephone conferencing are to be used.
Call a bike and Nextbike
The company bike program enables Commerzbank employees to move around the city healthily and quickly. Employees in Germany have access to bicycle services such as "Call a Bike" and "Nextbike" for business trips. When using a bicycle, there are no direct CO₂e emissions during the journey. To the extent that this replaces journeys with motorised means of transport, traffic-related emissions in the working environment can be reduced.
Bikelease
Commerzbank was the first DAX-listed company to enable its employees to lease a bicycle or e-bike. The service provides an additional mobility option for commuting to work and can then contribute to reducing transport-related CO₂e emissions by replacing journeys in cars with combustion engines. In addition, employees can also profit from tax advantages. As with the bank car, the monthly leasing instalments are settled via a payment from the gross salary. This saves employees taxes and social security contributions. The offer includes fully comprehensive insurance with no deductible. It provides protection against theft, vandalism, battery damage and accidental damage.
Mobility subsidy for public transport
Since April 2020, employees have received a subsidy if they buy a monthly or annual local or long-distance public transport ticket for their commute to work. This subsidy amounts to 20 euros net per month. This applies to all employees who have not leased a bank car. The bank also pays this mobility allowance for the "Deutschland-Ticket" and corresponding even more favourable variants of this ticket by individual federal states.
Rental Cars
For business travel where the use of a car is required, the rental of hire cars via the Cytric travel management tool has been simplified. Through Cytric, electric vehicles can be hired at all Commerzbank locations from two major car rental providers—subject to availability—including a pick-up and drop-off service.
Electric vehicles
Since 2015, Commerzbank has also offered its employees electric vehicles for leasing. This means they can use them for a tax-advantaged deferred compensation. Currently, 90 % of the vehicle models ordered are cars with an electric drive. This means they now make up the largest share of the offering in tax-privileged company car leasing. A charging card enables charging at public charging points, at home, and at various bank locations.
The number of e-cars is growing continuously. It currently stands at around 500 electrically powered vehicles and is set to increase significantly in the future.
Futher measures, Mobility infrastructure at our sites
Bicycle cellar
To make it easier for our employees to travel to work by bicycle, we have bicycle cellars at numerous locations. These are used for the safe storage of bicycles. They also usually have adjoining changing rooms and showers.
E-charging stations
The bank's four major locations in Frankfurt are equipped with charging stations for employees' electric vehicles. Since 2013, Commerzbank has been sourcing its electricity entirely from renewable energy sources, from run-of-river power plants with cancelled guarantees of origin. Around 50% of the electricity comes from regional run-of-river power plants in the Frankfurt area. The offering is planned to be expanded to additional locations across Germany.