Our Sustainability Targets
Commerzbank sets itself ambitious goals in the areas of Environmental, Social and Governance (ESG)
Sustainable development has become a central component of politics and business in recent years. Hardly any agenda or corporate strategy today exists without a focus on sustainable transformation. At Commerzbank, we take this development seriously and have a clear goal: We want to embed sustainability in all our business areas and actively fulfill our role as a responsible financial institution.
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”).
Our Sustainability Targets
Environment
Net zero portfolio
We aim to achieve net zero carbon emissions from our loan and investment portfolio by 2050. To calculate and set the target, we have joined the Science Based Targets initiative (SBTi).
10% sustainable loans
We want to permanently allocate at least 10 percent of our new loan business to green and social projects and business models, as well as to our clients’ transformation measures.
Net zero banking operations
We want to achieve net zero carbon emissions in our own operations by 2040. This covers Scope 1 and Scope 2 emissions.
Social & Governance
40% women in leadership roles
We aim to increase the proportion of women in management positions to 40% by 2030.
Employee satisfaction
Our target is to maintain or improve employee satisfaction on a lasting basis.
Zero tolerance for corruption
Our clear stance against corruption is a key Group objective. We implement comprehensive measures to prevent and detect corruption.
Excellent culture of integrity
The Culture of Integrity Score measures our integrity as part of the Risk Culture Assesment. Our aim is to achieve top scores permanently.
We are focussed on our goals
We set ourselves ambitious goals and pursue them consistently. In doing so, we always consider current developments and regulatory requirements and align ourselves accordingly. To ensure maximum transparency, we report our progress at regular intervals and allow ourselves to be measured against it. For example, individual targets are relevant for the compensation of the Executive Board.