Memberships & Initiatives

To fulfill a social obligation

Background in petrol. In the foreground is a yellow icon with a globe and a plant leaf.

Take joint responsibility

Commerzbank has recognized its social responsibility. Sustainability is a complex issue with many facets, and we believe that a lively exchange is essential for companies to meet their obligations. That is why we are involved in numerous initiatives and memberships.

Climate risks are one of the greatest challenges of our time. As a bank, we see our obligation to review the impact of our financing and to manage our portfolios in line with the Paris climate target. For example, we have joined the Science-based Targets Initiative (SBTI), the Net-Zero Banking Alliance and the Task Force on Climate-related Financial Disclosures (TCFD). We are also aware of the relevance of biodiversity, which we underline with our accession to the Biodiversity in Good Company (BiGCI) Initiative. As a founding member of Germany's Diversity Charter and signatory of the UN Women Empowerment Principles, we are also committed to promoting equality.

Net-Zero Banking Alliance (NZBA)

In April 2021, we joined the Net-Zero Banking Alliance, the financial initiative of the United Nations Environment Program (UNEP FI), and are among its first signatories. Our objective with the voluntary commitment to the NZBA is to reduce the carbon balance sheet of the bank's entire credit and investment portfolio to zero by 2050 at the latest.

Science Based Targets Initiative (SBTI)

We have set ourselves the goal of reducing the carbon footprint of the bank's entire credit and investment portfolio to net zero by 2050 at the latest. In order to make this procedure comprehensible, we have joined the Science Based Targets Initiative (SBTI). The SBTI is committed to reducing greenhouse gases on the basis of scientifically calculated targets. This will enable companies to align their climate policy with the objectives of the Paris climate agreement and effectively counteract climate change.

Partnership for Carbon Accounting Financials (PCAF)

PCAF provides a comprehensive Greenhouse Gas (GHG) accounting and reporting standard that enables financial institutions to calculate and report GHG emissions and intensities for six asset classes along well-founded standards. These asset classes include corporate bonds, project finance, commercial real estate, and mortgages. Standardised and internationally recognised calculation methods support SBTI objectives and calculations and help aligning the credit and investment portfolio towards net zero emissions and decarbonisation. Compatibility with other initiatives and standards (e.g., SBTI, TCFD) as well as access to exclusive emission data sets were further arguments for joining PCAF.

Taskforce on Nature-related
Financial Disclosures (TNFD)

Biodiversity affects the financial sector at various levels. This creates numerous natural opportunities and risks for our credit portfolio. To analyse and transparently report on these, we have been supporting the TNFD since April 2023. The publication of our TNFD report will take place for the first time for the year 2023 in our non-financial report.

In June 2021, TNFD was established with broad support from financial institutions, businesses, governments and the service community. In total, more than 1,000 organizations already support TNFD. These organizations share the vision and mission of TNFD and are willing to contribute to the work and mission of the Task Force.

Task Force on Climate-related Financial Disclosures (TCFD)

Climate change also creates new risks and opportunities for our credit portfolio. In order to analyse and transparently report on them, we joined the Task Force on Climate-related Financial Disclosures (TCFD) in 2020 and publish our TCFD report in the non-financial statement since 2022.

The TCFD standard was developed in June 2017 by the Financial Stability Council of the G20 countries and central banks. More than 1,000 companies worldwide are now committed to the TCFD recommendations (as of September 2020).

Principles for Responsible Banking (PRB)

As one of the first signatories of the Principles for Responsible Banking (PRB), we are committed to helping companies transform into more sustainable businesses. The PRBs were developed by the Financial Initiative of the United Nations Environment Program (UNEP FI) in cooperation with 30 banks and are intended to serve as a framework for achieving the Sustainable Development Goals and the objectives of the Paris Climate Agreement.

Principles for Responsible Investment (PRI)

Commerzbank's asset management is a signatory of the Principles for Responsible Investment (PRI), an investor initiative in partnership with the United Nations (UNEP FI and UN Global Compact). With its international network, the PRI initiative is dedicated to the practical implementation of its principles for responsible investment. The aim is to better understand the impact of investment activities on ESG criteria. By signing the PRIs, we are taking a further step toward greater consideration of sustainability criteria in our investment decisions.

Biodiversity in Good Company (BiGCI)

Biodiversity is increasingly becoming the focus of debates on sustainable development. This is also evident in connection with our new materiality analysis, which we launched in the 2021 reporting year. In the future, we will expand our strategic focus more strongly in order to commit to the sustainable use and protection of global biodiversity. For this reason, Commerzbank has been a part of the Biodiversity in Good Company (BiGCI) initiative since March 2022.

The BiGCI has brought together companies of all sizes to work together in partnership with politicians and society to promote the protection and sustainable use of biodiversity.

UN Global Compact

We have been members of the UN Global Compact since 2006. Together with other companies and the United Nations (UN), we want to implement and advance fundamental principles of human rights, working conditions, the fight against corruption and environmental protection.

Other memberships & initiatives


B.A.U.M. (German only)
(German Environmental Management Association)
Member since 1987
VFU (German only)
(German Association for Environmental Management and Sustainability in Financial Institutions)
Member since 2006
NeUN (German only)
(Environment and Sustainability Network, formerly NGB Rhine-Main Green Office and Building Network)
Member since 2006
Environmental Forum (German only) Member since 2009
(German Sustainable Building Council)
Member since 2010
UPJ (German only)
(Federal Initiative for Companies: Partners for Youth,
German network of socially aware businesses and non-profit organisations)
Member since 2013
Green Bond Principles Member since 2014
Coalition for Transparent Business
(Commerzbank Prague)
Member since 2014


Working groups

Working group "Sustainability Management" in the Banking Association
(Formerly AK Sustainability)
Member since 2013
ICC (International Chamber of Commerce) Sustainable Trade Finance Working Group Member since 2016
IIF (Institute of International Finance) Sustainable Finance Working Group at the Member since 2016
Peer Learning Group on Human Rights of the German Global Compact Network Member since 2017
Project Committee on Sustainable Finance in the Banking Association Member since 2020