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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].
60261 Frankfurt am Main
Manfred Knof |
|Annual report||Annual report 2021|
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 email@example.com.
Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance).
Related Dodgy Deals
Dodgy Deals map
Banks and Climate
Bank net zero commitments
Goal 2025/2030: Pledged to publish interim commitments by 2022 (German CCCA) and set SBT. Also joined NZBA.
Goal 2050: Pledged to set target by 2022 (German CCCA, NZBA)
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.
CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets
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".
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
Coal finance: Germany's top banks face pressure to tighten lending policies
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
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
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
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
Bank financing of staggering Polish coal development plans continues to run deep
Banks not yet living up to UN human rights principles, finds BankTrack
Banking on Climate Chaos 2022
Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress
Fossil assets: the new subprimes?
Banking with Principles? Second Edition June 2016
Banking with Principles?
Dirty Profits III
German banks involved in the export of tanks to Saudi Arabia
Öl fuer Deutschland, Koste es was es wolle: Deutsche Banken in der russischen Ölförderung
Voluntary standardsCommerzbank 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