Sustainability Strategy & Stakeholder Dialogue
Environmental, social and governance aspects are part of our corporate strategy and management
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”).
Growth and Transformation
, Sustainability in the corporate strategySince 2020, we have incorporated environmental, social and governance targets and measures into our corporate strategy.
Our enhanced “Momentum 2030” strategy places clients, investors and employees at its centre, bringing together the interests of these three key stakeholder groups. The strategy focuses on maintaining and strengthening stakeholders’ trust in Commerzbank. The key drivers are security, reliability, delivery capability and responsibility. For us, responsibility means considering environmental, social and governance aspects in selected management and decision-making processes.
Materiality analysis
, Identification of our strategic sustainability issuesIn order to contribute to sustainable development, companies must understand what impact their business activities have on the environment and society. We assess this impact by means of a materiality analysis. In doing so, we consider potential and actual, positive and negative impacts that arise or can arise either directly or indirectly through the company.
Things to know about the sustainability strategy
- Sustainability and ESG
More than environmental protection – why a holistic perspective matters.
- Our Sustainability Targets
Commerzbank sets itself ambitious goals in the areas of Environmental, Social and Governance (ESG)
- Commerzbank's ESG Framework
With the help of the ESG Framework, we disclose all key building blocks of our sustainability strategy, particularly our climate transition plan. This positions sustainability as a key...
- Sustainable Development Goals
Transforming our economy: As part of society, Commerzbank is making its contribution to achieving the 2030 Agenda for Sustainable Development
Dialogues with our stakeholders
Customer communication
In our communication with customers, we aim to provide fair and competent advice. To this end, we use financial planning tools and direct communication.
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Investor Relations
We discuss ESG issues with a wide range of analysts and investors. The Investor Relations department actively conveys our commitment to the financial community.
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Non-governmental organisations
Commerzbank maintains an ongoing exchange with numerous organisations from civil society and academia about their needs, wishes, or suggestions for our company.
Political communication
As a commercial bank with international operations, Commerzbank is expected by policymakers and the general public to issue statements on relevant economic policy issues.
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Reporting
Commerzbank provides information on environmental, social and governance topics in various reporting formats.
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Socio-ecological commitment
Commerzbank is engaged in selected initiatives and memberships relating to climate, biodiversity, transparency and equal opportunities.
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Further information can be found in the ESG Framework.