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About Commerzbank
Commerzbank AG, established in 1870, is Germany's second largest bank, and headquartered in Frankfurt am Main. Next to a large presence in the German banking market, Commerzbank has numerous branch offices throughout Europe. The bank's activities focus on: private customers, bank services for small business, Corporates & Markets, and Central & Eastern Europe.
[In 2009 Dresdner Bank merged with Commerzbank AG. All 'dodgy deals' related to Dresdner Bank are now linked to the Commerzbank profile. The deals related to Dresdner Bank are indicated as such].
Website | https://www.commerzbank.com/ |
Headquarters |
Kaiserplatz
60261 Frankfurt am Main
Germany
|
CEO/chair |
Manfred Knof Chairman |
Supervisor | |
Annual report | Annual report 2021 |
Ownership |
listed on Frankfurt Stock Exchange
Commerzbank's major shareholder is the German state (> 15%). The bank's complete shareholder structure can be accessed here. |
Complaints and grievances |
Individuals and communities who may be adversely affected by Commerzbank’s finance can raise a complaint to the bank via branches, telephone, website or email, according to the banks Position on Human Rights. The bank can be contacted at sustainability@commerzbank.com. Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance). |
Related Dodgy Deals
Dodgy Deals map
Policy Assessments
Banks and Climate
Bank net zero commitments
This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.
- A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
- An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.
Abbreviations:
CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets
Response Tracking
This page evaluates Commerzbank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
News
Documents
Policies
Voluntary standards
Commerzbank has committed itself to the following voluntary standards:- Klimaschutz-Selbstverpflichtung des Finanzsektors
- Carbon Disclosure Project
- Forest Stewardship Council- 10 Principles of Forest Stewardship
- German Sustainability Code
- Global Reporting Initiative
- Green Bond Principles
- Net-Zero Banking Alliance (NZBA)
- Principles for Responsible Banking (PRB)
- Roundtable on Sustainable Palm Oil (RSPO)
- Science Based Targets
- United Nations Global Compact
- Wolfsberg Principles
Investment policies
Commerzbank's positions and policies webpage can be accessed here. The bank's webpage on corporate social responsibility can be seen here.