Sustainability topics are embedded in our corporate strategy
Sustainability is the long-term consideration of environmental, social and economic factors to preserve the foundations of life and economic prosperity for future generations. This page, together with the following topic-specific pages, explains how Commerzbank addresses these topics.
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.
- 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...
- ESG-Positions & Guidelines
Defining Responsibility – Our Positions, Exclusions, and ESG Commitment
- Memberships & Initiatives
To fulfill a social obligation
- Our sustainability reports
Commerzbank provides information on environmental, social and governance topics in various reporting formats.
Sustainability figures, Our strategic sustainability KPIs
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.
Our Governance Structure
- ESG Committee of the Supervisory Board
Sustainability anchored at all levels of the Group
- Group Sustainability Board
Leading board on our sustainability strategy
- Commerzbank Sustainability Advisory Board
For a constructive and critical view from the outside
Our Compliance & Risk Management approach
- Compliance & Risk Management
For the protection of our company, our employees and our customers
- Data Protection & Information Security
How we implement customer data protection and information security in the Group
- Managing Reputational Risk
Integrating Reputational Risk Management in our operations
- ESG Risk Management
How Commerzbank integrates environmental, social and governance risks into its risk management