CommerzbankGermany
Created before Nov 2016
Last update: 2019-04-15 14:02:53
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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 Martin Zielke
CEO
Supervisor
Bundesbank
Annual reports CSR report 2018
Annual report 2018
Ownership
listed on Frankfurt Stock Exchange

Commerzbank's major share holder is the German state (over 15%). Its complete share holder structure can be accessed here.

Related Dodgy Deals

Commerzbank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Emba Hunutlu coal power plant Turkey profile

energy plants - coal
Debt – corporate loan
USD 96 million
2010 - 2016
Provided corporate loans and underwriting services to Avic International totalling USD 96 million between 2010 and 2016
source: Bloomberg, December 2016; Thomson EIKON, December 2016

Solwara 1 Deep Sea Mining Project Papua New Guinea profile

mining - non coal
Debt – corporate loan
USD 29.33 million
2013
Provided to Metalloinvest and its subsidiaries since 2013
source: Profundo report
link
There are no active projects for Commerzbank now.

Projects - on record profiles

Great Barrier Reef Coal & Gas Exports Australia profile

oil and gas | transport and infrastructure
Debt – corporate loan
AUD 236 million
5 May 2013
source: link

Medupi coal power plant South Africa profile

energy plants - coal
Debt – corporate loan
USD 740 million
May 2009
Part of $ 740 million syndicated loan - Proceeds were used to fund part of the Medupi boiler contract with Hitachi
source: link

Mountain top removal coal mining United States profile

mining - coal
Debt – corporate loan
EUR 200 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Toka Tindung gold mine Indonesia profile

mining - non coal
Uncategorised
USD 0.05 million
1 April 2010
shares/bonds underwriter or manager - shareholding in Archipelago Resources
source: Bloomberg, April 2010

Companies - active profiles

BAE Systems United Kingdom profile

arms industry and trade
Debt – project finance
EUR 100 million
30 April 2018
Commerzbank participated in a syndicated loan to BAE Systems for 100.13 million euro of a total package of 2.3 billion euro.
source: Facing Finance
link

CEZ Group Czech Republic profile

energy plants - coal | energy plants - nuclear | mining - coal

Polska Grupa Energetyczna (PGE) Poland profile

energy plants - coal | energy plants - nuclear | mining - coal
Debt – corporate loan
USD 182 million
2014 - 2017
source: BankTrack Coal Developers Report 2017
link

RWE Germany profile

energy plants - coal | energy plants - nuclear | mining - coal
Debt – corporate loan
USD 245 million
2014 - 2017
source: BankTrack Coal Developers Report 2017
link
Share issue – underwriter
USD 236 million
2014 - 2017
Combined share and bond issuance underwriting
source: BankTrack Coal Developers Report 2017
link
Uncategorised
EUR 1,524.4 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 643.2 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 6.2 million
revolving credit
source: Thomson ONE database.
Debt – corporate loan
source: Thomson ONE database.
Debt – corporate loan
EUR 140.6 million
source: Thomson ONE database.
Bond issue – underwriter
EUR 84.2 million
source: RWE, Essen, 15 November 2002; RWE, Essen, 29 May 2002; RWE, Essen, 25 November 2008; Thomson ONE database; Website RWE Group (www.rwe.com); RWE, Essen, 24 April 2002.

UPM-Kymmene Finland profile

forestry - pulp and paper
Debt – corporate loan
USD 32 million
2011 - 2017
Loans and underwriting between 2011 and 2017
source: Profundo, 2017
There are no active companies for Commerzbank now.

Companies - on record profiles

Alliant Techsystems United States profile

arms industry and trade
Approached, interested
Info on Commerzbank's role in Alliant Techsystems can be found here:
source: link

Anglo American United Kingdom profile

mining - coal | mining - non coal
Debt – corporate loan
EUR 137 million
November 2013
source: link
Uncategorised
EUR 281 million
November 2013
shares/bonds underwriter or manager
source: link
Uncategorised
EUR 54 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 57.2 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

BHP Billiton Australia profile

mining - coal | mining - non coal | oil and gas
Uncategorised
EUR 16.5 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014

EDF France profile

energy plants - nuclear
Share issue – underwriter
EUR 240.7 million
source: Thomson ONE database; Euroweek - Issue: 927.
Bond issue – underwriter
EUR 140.7 million
source: Thomson ONE database; Euroweek - Issue: 847.
Debt – corporate loan
EUR 189 million
source: Thomson ONE database.

Eletrobras Brazil profile

energy distribution | energy efficiency | energy plants - biomass | energy plants - dams | energy plants - nuclear | energy plants - ocean energy | energy plants - solar | energy plants - thermoelectric | energy plants - wind | energy transmission
Bond issue – underwriter
EUR 62.8 million
source: Press release Dresdner Bank, London, 22 November 2005; Press release Eletrobras, 5 December 2005.

ENGIE France profile

energy plants - coal | energy plants - dams
Debt – corporate loan
EUR 43.8 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

EPH Czech Republic profile

energy plants - coal | energy plants - hydro | energy plants - nuclear | mining - coal
Debt – corporate loan
EUR 1 billion
2012
Participant
source: Sandbag

Eskom South Africa profile

energy plants - coal | energy plants - nuclear
Debt – corporate loan
EUR 75.1 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Bond issue – underwriter
EUR 3.6 million
source: Euroweek - Issue: 770; Thomson ONE database.

Glencore Switzerland profile

mining - coal
Uncategorised
EUR 50.7 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 481.5 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Rio Tinto Australia profile

mining - coal | mining - non coal | nuclear industry
Uncategorised
Principal manager.
source: Website Rio Tinto (www.riotinto.com).
Debt – corporate loan
EUR 0.8 million
source: Thomson ONE database.

SUEK Russian Federation profile

mining - coal
Debt – corporate loan
EUR 72.9 million
February 2016
source: Profundo, 25 April 2016
Debt – corporate loan
EUR 280.8 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Vattenfall Sweden profile

energy plants - coal | energy plants - nuclear | energy plants - renewables | mining - coal | mining - non coal | nuclear industry
Debt – corporate loan
EUR 86 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 22.5 million
source: Thomson ONE database; Website Vattenfall (www.vattenfall.com).
Bond issue – underwriter
EUR 54.5 million
source: Euroweek - Issue: 741; Thomson ONE database.

Dodgy Deals map

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News

| |
Type:
Year:
blog
external news
our news

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

2019-07-16 | Diana Maciaga – Association Workshop for All Beings
blog
external news
our news

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

2019-05-22 | Frankfurt am Main | Facing Finance
blog
external news
our news

Deutsche Bank and Commerzbank discontinue discussions

Deutsche Bank press release
2019-04-25 | Deutsche Bank
blog
external news
our news

UniCredit waits in wings to bid for Germany’s Commerzbank

2019-04-04 | The Financial Times
blog
external news
our news

Deutsche Bank and Commerzbank go public on merger talks

2019-03-17 | Reuters
blog
external news
our news

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

Latest distress signal from new financial results another reason for potential financiers to walk away
2019-03-14 | Warsaw, Poland | Kuba Gogolewski – Development YES Open-Pit Mines NO
blog
external news
our news

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

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
blog
external news
our news

Commerzbank tolerates financing of the coal energy sector in Poland

2018-05-09 | Poland | Ecological Association Eko-Unia
blog
external news
our news

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

2017-11-02 | Rainforest Action Network
blog
external news
our news

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

2017-08-01 | Mandy Haggith – Environmental Paper Network
blog
external news
our news

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

2017-03-27 | Fair Finance Guide International, Oxfam
blog
external news
our news

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

2016-02-25 | Kuba Gogolewski – Development YES Open-Pit Mines NO
blog
external news
our news

Banks not yet living up to UN human rights principles, finds BankTrack

New research finds inadequate reporting on human rights impacts, and failure to establish mechanisms to allow complaints.
2014-12-02 | Geneva | BANKTRACK
blog
external news
our news

Protest at AGM

2014-05-07 | Urgewald
blog
external news
our news

New report: European banks fuelling food price volatility and hunger

2012-01-12 | Brussels | Friends of the Earth Europe
blog
external news
our news

urgewald publishes new consumer brochure on nuclear banks

2010-12-22 | Germany | urgewald

Documents

| | | | | | | | | | | |
Type:
Year:
ngo documents

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
2019-05-21 00:00:00 | Europe Beyond Coal
other documents

Troika Laundromat

Overview of financial institutions involved in the Troika Laundromat scheme
2019-05-20 00:00:00 | Organised Crime and Corruption Project (OCCRP)
annual reports

CSR report 2018

2019-04-15 00:00:00 | Commerzbank
annual reports

Annual report 2018

2019-04-12 00:00:00 | Commerzbank
csr policies

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

2019-02-28 00:00:00 | Commerzbank
csr policies

Standard for sustainable procurement

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

Annual report 2017

2018-05-16 00:00:00 | Commerzbank
annual reports

CSR report 2017

2018-03-31 00:00:00 | Commerzbank
csr policies

Code of conduct

2017-11-30 00:00:00 | Commerzbank
csr policies

Position on human rights

2017-04-30 00:00:00 | Commerzbank
csr policies

UK Modern slavery act statement

2017-04-11 00:00:00 | Commerzbank
annual reports

Annual report 2016

2017-03-31 00:00:00 | Commerzbank
ngo documents

Dirty Bankers

How HSBC is financing forest destruction for palm oil
2017-01-17 00:00:00 | Greenpeace
csr policies

Updated position on coal

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

Letter from BankTrack et al. to Commerzbank on EPH financing

2016-07-05 00:00:00 | BankTrack et al.
our publications

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
our publications

Poland – Banks funding the dirtiest form of coal

2016-06-13 00:00:00 | BankTrack
csr policies

Environmental policy

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

Corporate Social Responsibility Status Report 2014

2015-03-23 00:00:00 | Commerzbank
annual reports

Annual Report 2014

2015-03-18 00:00:00 | Commerzbank
our publications

Banking with Principles?

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2014-12-02 00:00:00 | BankTrack
ngo documents

Dirty Profits III

Reporting on Companies and Financial Institutions Benefiting from Violations of Human Rights 
2014-10-01 00:00:00 | Facing Finance
annual reports

Annual Report 2013

2014-01-01 00:00:00
annual reports

Sustainability Report 2013

2014-01-01 00:00:00
annual reports

Annual Report 2012

2013-03-19 00:00:00 | Commerzbank
annual reports

Corporate Responsibility Status Report 2012

2013-02-13 00:00:00 | Commerzbank
annual reports

corporate responsibility report 2011

2012-07-16 00:00:00
ngo documents

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin
ngo documents

German banks involved in the export of tanks to Saudi Arabia

A research paper prepared for Facing Finance, 22nd July 2011
2011-07-22 00:00:00 | Profundo, Facing Finance
annual reports

Annual Report 2010

2011-04-20 00:00:00 | Commerzbank
annual reports

Corporate Responsibility status report 2010

2011-03-08 00:00:00 | Commerzbank
other documents

Commerzbank cluster munitions investments

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
other documents

Commerzbank cluster munitions financing

2009-10-01 00:00:00 | Netwerk Vlaanderen et. al.
ngo documents

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.
ngo documents

Öl fuer Deutschland, Koste es was es wolle: Deutsche Banken in der russischen Ölförderung

2006-07-04 00:00:00 | urgewald
bank documents

Milestones 1992-2004

2005-10-06 00:00:00 | Commerzbank

Media



Policies

Voluntary initiatives

Commerzbank has committed itself to the following voluntary standards:

Investment policies

Commerzbank's extensive positions and policies webpage can be accessed here. The bank's webpage on corporate social responsibility can be seen here.

Year:
csr policies

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

2019-02-28 00:00:00 | Commerzbank
csr policies

Standard for sustainable procurement

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

Code of conduct

2017-11-30 00:00:00 | Commerzbank
csr policies

Position on human rights

2017-04-30 00:00:00 | Commerzbank
csr policies

UK Modern slavery act statement

2017-04-11 00:00:00 | Commerzbank
csr policies

Updated position on coal

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

Environmental policy

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

Campaigns

Human rights

True leader Front runner Follower Laggard
BankTrack has assessed Commerzbank on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Commerzbank is assessed as a Follower, with a total score of 4.5/12.
Policy: 2/3Due dilligence: 1.5/3
Reporting: 1/3Remedy: 0/3
For more details, see Banking with Principles? 2016 update.

Good moves

Year:

2006

German banks withdraw from Belene following Urgewald pressure

In the fall of 2006, Deutsche Bank, HypoVereinsbank and Commerzbank withdrew from the Belene nuclear power project, sited in an earthquake area in Northern Bulgaria. Through media work, postcards and e-mails, visits at the banks' AGMs, an international protest day and a protest week in 60 German cities, the banks were…