Our approach to governance topics, Governance
Commerzbank is committed to corporate responsibility. Strong values, binding codes of conduct and ambitious voluntary commitments form the framework for our business activities. They are reflected in our compliance and risk management as well as in our sustainability governance structure.
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”).
The governance dimension of sustainability
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).
The governance dimension covers responsible corporate governance, compliance with laws and internal requirements, as well as transparent and ethical business processes.
- Sustainability Strategy & Stakeholder Dialogue
Environmental, social and governance aspects are part of our corporate strategy and management
- Governance structure
Holistic integration of sustainability at all levels of Commerzbank
- Compliance & Risk Management
For the protection of our company, our employees and our customers
Governance structure for ESG topics at Commerzbank
Commerzbank’s sustainability strategy is reviewed regularly and refined where necessary. Appropriate governance structures have been established to coordinate, implement and monitor the strategy across the Bank, embedding sustainability in relevant committees, functions and corporate processes.