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.
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). The GRI report is our most detailed sustainability report. It comprehensively covers environmental issues such as carbon footprint and biodiversity, social issues such as diversity and equal opportunities, and corporate governance issues such as the prevention of corruption.
Principles for Responsible Banking
Commerzbank was one of the first signatories of the Principles for Responsible Banking (PRB) in 2019. The six principles were developed by the United Nations Environment Programme Finance Initiative (UNEP FI) together with 30 banks. By signing the PRB, we commit ourselves to formulating targets for all key business areas and to publishing their development annually.
Our PRB progress report is integrated into our nonfinancial report and summarised as a tabular index at the end of the report (starting with page 82).
