ESG - Dimensions of Sustainability

More than environmental protection - Why a holistic view is crucial.

Graphic shows the three dimensions of sustainability: Environment, Social and Governance

Sustainability, or ESG, is a much-used term. This page explains what it means, its relevance for Commerzbank and how Commerzbank takes the complex of issues into account and implements it.

What does ESG mean?

ESG is the abbreviation for "Environmental Social Governance" and is used to describe - on the basis of criteria from the areas of environment (Environment), social (Social) and responsible corporate management (Governance) - the various facets of sustainability.

E = Environmental

The "E" refers to the area of environmental and climate protection. Often, the focus here is primarily on climate protection or the mitigation of climate change and thus the reduction of greenhouse gas emissions. However, the sustainable use of resources also falls under this category. The careful use of water and energy in particular plays a central role. Conscious use and effective utilisation can conserve resources and reduce the burden on the environment. In addition, the protection of healthy ecosystems is important for the preservation and promotion of biodiversity. This includes protecting endangered animal and plant species and restoring degraded ecosystems. Loss of species and habitats reduces biodiversity and impacts ecosystem functions and human health.

S = Social

The "S" refers to activities and measures relating to people. For companies, this means in particular ensuring a safe and fair working environment, contributing to the promotion of health and education and social commitment. This also includes topics such as diversity, inclusion and equal opportunities in society, as well as compliance with human rights along the entire supply chain.

G = Governance

The term "governance" refers to compliance with laws and legal requirements as well as additional internal policies that guide the company's operations. These include, for example, compliance with data protection laws, prevention of corruption, and disclosure of reports and creation of transparency in communications.

Implementation at Commerzbank

Responsibility for the world of tomorrow

Sustainability affects us all. In order to preserve a planet worth living on and the basis for future generations, we must act now. That's why it's important that we focus on E, S and G and implement appropriate measures. For this reason, sustainability has been an integral part of our corporate strategy since 2020.
EnvironmentNet zero CO₂ emissions by 2050SocialComprehensive programs for personnel developmentGovernanceESG Framework for transparency
EnvironmentClimate neutral supplier portfolio by 2040SocialEstablished diversity and health managementGovernanceEstablishment of governance structure on ESG topics
EnvironmentProduct range with a focus on climate protectionSocialContinuous extension of accessibilityGovernanceStrong compliance program & risk management
EnvironmentProtection of biodiversity anchored in strategySocialSocial support, through Commerzbank – Foundation among othersGovernanceDetailed sustainability reporting
Environmentand much more.Socialand much more.Governanceand much more.

Tackling ESG together

The sustainable alignment of business and society requires teamwork and a uniform understanding as a basis. That is why we base our orientation on international standards and are involved in global initiatives.

Initiative

Principles for Responsible Investment

Commerzbank is a signatory to the Principles for Responsible Investment (PRI), an investor initiative in partnership with the United Nations.

The PRI initiative is dedicated to the practical implementation of its principles for responsible investment. The aim is to improve understanding of the impact of investment activities on ESG criteria, i.e. environmental and social aspects as well as sustainable corporate governance.

Agenda 2030

Sustainable Development Goals

The Sustainable Development Goals (SDGs) of the United Nations are intended to ensure sustainable development from an economic, social and ecological perspective. They were adopted by consensus by the United Nations General Assembly in New York in September 2015 and will run until 2030. The 17 goals with a total of 169 subgoals address economic growth, inequalities in living standards and equal opportunities, sustainable use of natural resources and human rights.

Banking. Sustainable.

ESG-oriented products for our customers

Interest in sustainable management is steadily increasing. Particularly among the younger generation, ecological and social awareness is on the rise. An investment in sustainability means an investment in the future.

We therefore offer our private customers the opportunity to invest their money responsibly with the help of various products and also support climate friendly investments with special financing offers.

For our small business customers and corporate clients, we are a partner in the transformation to a more sustainable economy and have also developed appropriate product solutions in this area.

Things to know

What others are interested in about the topic of ESG