Our sustainability reports
Commerzbank provides regular and comprehensive information on its progress in the sustainable orientation of the bank. For this purpose, we use various reporting formats.
Group Sustainability Report
Our Group Sustainability Report for the reporting year 2024 was, for the first time, prepared in accordance with the European Sustainability Reporting Standards (ESRS), the reporting standards of the Corporate Sustainability Reporting Directive (CSRD). Even if the CSRD is currently being tested by the EU and had not been incorporated into national law by the Federal Republic of Germany, standardized and reliable sustainability reporting is important to us. Because we are convinced that transparency creates trust!
Our materiality analysis has identified significant impacts, risks or opportunities in the following areas:
- Climate change (E1)
- Biodiversity and ecosystems (E4)
- Own workforce (S1)
- Consumers and end users (S4)
- Business conduct (G1).
In total, we disclose around 800 data points within the report.
The sustainability report is reviewed by our auditor with "Limited Assurance."
Previously, Commerzbank has been publishing a non-financial report in accordance with the CSR Directive Implementation Act since 2017.
Nature and climate report
For the reporting year 2024, we are publishing a comprehensive Nature and Climate Report for the first time, in accordance with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the Taskforce on Nature-related Financial Disclosures (TNFD).
This Nature and Climate Report is structured around the topics of governance, strategy, risk management, and metrics and targets, and it provides a detailed account of how we manage climate and nature-related risks and opportunities. These focus on our financing activities, which can have both positive and negative impacts on climate change, climate protection, biodiversity, and the health of ecosystems. To analyze and transparently report on these climate and nature-related risks and opportunities for our loan portfolio, we joined the TCFD in 2020 and the TNFD in 2022. Since then, we have incorporated the recommendations of both initiatives within our non-financial reporting.
GRI Report
Commerzbank has been publishing an annual Corporate Responsibility Report since 2005, in which we outline significant news and progress made. In this process, we are guided by the internationally established standards of the Global Reporting Initiative (GRI).
For the reporting year 2024, Commerzbank reported in accordance with the GRI Sustainability Reporting Standards, under application of GRI 1: Foundation 2021. All information as well as reason and explanation for omitting individual requirements are listed in the GRI content index.
In the GRI content index, we also show how our activities support the achievement of United Nations Sustainable Development Goals (SDGs) and correspond to the United Nations Global Compact.
PRB Progress Report
Commerzbank was one of the first signatories of the Principles for Responsible Banking in 2019. The six principles were developed by the United Nations Environment Programme Finance Initiative (UNEP FI) together with 30 banks. With our signature, we stress the high relevance of responsible banking for Commerzbank and that we are aware of the impact of our actions on society. As members of the PRB, we commit ourselves to formulating targets for all key business areas and to publishing their development annually.
For the reporting year 2024, Commerzbank again published an annual progress report according to the PRB as a tabular index.
Archive of our sustainability reports
Non-Financial Report
Report archive from 2017 to 2023
