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Last update: 2024-06-18 14:23:24

Active

This profile is actively maintained

Last update: 2024-06-18 14:23:24

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About

Website	https://www.commerzbank.com/
Headquarters	Kaiserplatz 60261 Frankfurt am Main Germany
CEO/chair	Manfred Knof Chairman
Supervisor	Bundesbank
Ownership	listed on Frankfurt Stock Exchange Commerzbank's largest shareholder is the German state ( 15.7 %). The bank's complete shareholder structure can be accessed here.

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, small business and Corporates & Markets.

Sustainability

Commitments

Policies

Voluntary standards

Commerzbank's most important sustainability commitments can be found at the website sections listed below.

Links

Sustainability

Positions and policies

Environment protection guidelines

Position on Human Rights

Bank policy

2024-05-13 00:00:00 | Commerzbank

Policy Statement on human rights and environmental due diligence

Bank policy

2024-05-13 00:00:00 | Commerzbank

ESG Framework 2024

Bank policy

2024-04-15 00:00:00 | Commerzbank

Code of conduct

Bank policy

2022-06-30 00:00:00 | Commerzbank

Policy framework for handling environmental and social risks in its core business

Bank policy

2022-01-17 00:00:00 | Commerzbank

Modern slavery and human trafficking statement

Bank policy

2021-12-31 00:00:00 | Commerzbank

Position on climate change

Date listed represents date as accessed on website

Bank policy

2020-04-06 00:00:00 | Commerzbank

Standard for sustainable procurement

Bank policy

2018-12-15 00:00:00 | Commerzbank

Updated position on coal

Bank policy

2016-07-22 00:00:00 | Commerzbank

Environmental policy

Bank policy

2015-10-13 00:00:00 | Commerzbank

Commerzbank has committed itself to the following voluntary standards:

Klimaschutz-Selbstverpflichtung des FinanzsektorsTags: climate change | corporate social responsibility | finance

Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions

Forest Stewardship Council- 10 Principles of Forest StewardshipTags: corporate social responsibility | forestry | pulp and paper

German Sustainability CodeTags:

Global Reporting InitiativeTags: sustainable development | human rights

Green Bond PrinciplesTags: bond issuance | investment | sustainable development

Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants

Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations

Roundtable on Sustainable Palm Oil (RSPO)Tags: agriculture | commodities | corporate social responsibility

Science Based TargetsTags: climate change | corporate social responsibility

Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance

United Nations Global CompactTags: United Nations | human rights

Wolfsberg PrinciplesTags: finance | corruption

Dodgy Deals

Commerzbank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Commerzbank's link to these deals.

Projects / Companies

Finance type

Year

News

BankTrack

Partners

Blog

External

Active

Active

Links

Sustainability

Positions and policies

Environment protection guidelines

Position on Human Rights

Policy Statement on human rights and environmental due diligence

ESG Framework 2024

Code of conduct

Policy framework for handling environmental and social risks in its core business

Modern slavery and human trafficking statement

Position on climate change

Standard for sustainable procurement

Updated position on coal

Environmental policy

BankTrack’s set to publish 2024 Global Human Rights Benchmark in November

Banks fail to substantially respond to communities impacted by ArcelorMittal on climate and human rights concerns

European financial institutions invest billions in arms companies that sell weapons to Israel

Russian court seizes €700mn assets from UniCredit, Deutsche Bank and Commerzbank

Banks fall for ArcelorMittal’s shiny claims and finance its dirty flames

Western banks in Russia paid €800mn in taxes to Kremlin last year

The banks financing dirty steel

The credit chainsaw

Asia’s top banks are still financing coal due to massive loopholes: report

67 organisations call on banks to cease financing metallurgical coal

Europe’s top 20 banks need to be clearer, cleaner and greener

Decarbonization: steel not making the cut

Policy analysis report: Moving away from mass destruction

EU banks in Russia: next in line for asset-grab?

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

The human and environmental cost of Europe financing industrial animal farming

Fair Finance Guide 7.0

Indonesia’s Adaro struggles to secure funding for $2bn aluminium project

Throwing fuel on the fire: GFANZ members provide billions in finance for fossil fuel expansion

Europe’s largest banks falling short on climate and biodiversity action

European financial institutions heavily invested in companies involved in illegal Israeli settlements

Faires Geld braucht die Welt

New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

Big European financial institutions invest heavily but turn a blind eye to human rights abuses in Qatar

Launching of Banking Responsibility Research on Cement Industry Financing

Eyes closed, costs down, profits up

NGOs reveal top international companies, banks, and investors that fuel Russia's war machine

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

What the war in Ukraine teaches us

Investment funds injected US$ 54.1 billion into mining companies with interests in Indigenous territories in the Amazon

Commerzbank pushes for coal phase-out by 2030

Coal finance: Germany's top banks face pressure to tighten lending policies

Commerzbank found to have biggest CO2 exposure of European banks

New report exposes billions in European financial support to companies in illegal Israeli settlements

Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

Commerzbank, Citi and Bank of America among banks issuing new deal for Russian coal giant SUEK just two months before COP26

‘Net-Zero-by-2050’ banks line up debut USD bond for Russia’s largest coal company

New research puts big banks’ sustainability claims in doubt

Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress

Fossil assets: the new subprimes?

Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

New bank climate initiative fails to grasp urgent need to end finance for fossil fuels

Leading finance firms sign up to Mark Carney forum on low-carbon investment

More than half of Europe’s bank directors too compromised to end fossil fuel finance

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

EUR 146 billion for trash? How banks and the plastics industry are forcing a global environmental catastrophe

Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance

Western banks provide billions in backing for firms driving tuna species to collapse

Berlin clamps down on Commerzbank with supervisory board reshuffle

Global finance sector failing to apply conservation criteria to pulp and paper funding

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

Occupied, annexed and cashed up

Commerzbank’s Polish subsidiary under fire for major polluter bond issue

Dirty Profits 7 - Out of Control: Irresponsible weapons transfers and future weapon systems

Deutsche Bank and Commerzbank discontinue discussions

UniCredit waits in wings to bid for Germany’s Commerzbank

Deutsche Bank and Commerzbank go public on merger talks

Banks be warned – Poland’s PGE wants to blow the house and the climate on coal expansion extravaganza

Every two weeks a bank, insurer or lender announces new coal restrictions

Commerzbank tolerates financing of the coal energy sector in Poland

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

Financiers of pulp and paper industry projects will cause environmental and social harm, says new report

Europe’s biggest banks register €25 billion profit in tax havens

Bank financing of staggering Polish coal development plans continues to run deep