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2023-03-17 00:00:00
Briefing: The role of financial institutions in decarbonising the steel sector
2023-03-09 00:00:00
Dutch bank ING supports controversial pipeline to import gas from authoritarian Azerbaijan
2023-02-23 00:00:00
Financial institutions need to address steelmaking’s coal addiction
2023-02-07 00:00:00
What COP15 means for banks: meeting the Global Biodiversity Framework requires protecting Indigenous rights and divesting from harmful industries
2023-03-28 13:43:00
French bank Société Générale withdraws from Rio Grande LNG
2023-03-20 08:50:41
Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?
2023-03-14 14:59:00
New ING policy could spark bank shift away from financing oil and gas infrastructure
2023-02-24 13:46:14
Pego power station conversion plans halted
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2022-11-22 00:00:00
Banking on Thin Ice: Two years in the heat
2022-11-17 00:00:00
BankTrack Global Human Rights Benchmark 2022
2022-10-21 00:00:00
Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance
2022-06-28 00:00:00
The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3
2022-04-05 00:00:00
The BankTrack Human Rights Benchmark Asia
2022-03-30 00:00:00
Banking on Climate Chaos 2022
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Home › Banks ›
Bank
CommerzbankGermany

Active

This profile is actively maintained
Last update: 2023-03-17 11:26:17
Commerzbank head office in Frankfurt am Main. Photo: Public Domain (CC0 1.0 License)

Active

This profile is actively maintained
Last update: 2023-03-17 11:26:17
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 major shareholder is the German state (> 15%). 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

2023-01-31 00:00:00

ESG Framework

Bank policy
2023-01-31 00:00:00 | Commerzbank
2023-01-01 00:00:00

Position on Human Rights

Bank policy
2023-01-01 00:00:00 | Commerzbank
2022-06-30 00:00:00

Code of conduct

Bank policy
2022-06-30 00:00:00 | Commerzbank
2022-01-17 00:00:00

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

Bank policy
2022-01-17 00:00:00 | Commerzbank
2021-12-31 00:00:00

Modern slavery and human trafficking statement

Bank policy
2021-12-31 00:00:00 | Commerzbank
2020-04-06 00:00:00

Position on climate change

Date listed represents date as accessed on website
Bank policy
2020-04-06 00:00:00 | Commerzbank
2018-12-15 00:00:00

Standard for sustainable procurement

Bank policy
2018-12-15 00:00:00 | Commerzbank
2016-07-22 00:00:00

Updated position on coal

Bank policy
2016-07-22 00:00:00 | Commerzbank
2015-10-13 00:00:00

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 Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
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.

Campaigns

Banks and Climate

The 2022 Banking on Climate Chaos report showed that Commerzbank provided US$ 12.90 billion  in financing to the fossil fuel industry between 2016 and 2021. Find further details on Commerzbank fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in the Coal Policy Tracker and Oil and Gas Policy Tool. Find further details on their assessment of Commerzbank's fossil fuel policy below.


Banks and Human Rights

BankTrack assessed Commerzbank in its 2022 Global Human Rights Benchmark, where it achieved 2.5 points out of 14 and was ranked as a laggard. In addition, Commerzbank scored 0 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the "Accountability" section of this profile.


Banks and Nature

Commerzbank’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 2.2 out of 10 and ranking it as a follower. Commerzbank achieved a score of 0 out of 10 specifically for its policies related to the beef sector and 6.6 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed Commerzbank’s policies related to the pulp and paper sector.

Between 2016 and 2022, Commerzbank provided USD 447 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 1 million as of 2022. For more information, see the links below.

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Commerzbank AG
2022-09-21
DEU
2.2
Follower
0
Germany
Profile
Score
Follower
2.2
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Commerzbank's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Commerzbank's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
Commerzbank AG
2022-09-21
DEU
0
Laggard
0
Germany
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Commerzbank's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
Commerzbank AG
2022-09-21
DEU
6.6
Front runner
0
Germany
Profile
Score
Front runner
6.6
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to palm oil. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the palm oil industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Commerzbank's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Tracking the Net Zero Banking Alliance

Commerzbank is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.


Banks and Putin's war in Ukraine

BankTrack is keeping track of the public response of Commerzbank to Russia's illegal invasion of Ukraine. Commerzbank did not publicly condemn the war. Commerzbank is considered by Leave-Russia.org to be "suspending" its operations in Russia. We consider its exposure to Russia as limited, with over $1.45bn of financial assets. Commerzbank supports the Russian fossil fuel industry through loans and underwriting. For further details, see the table linked below.

News
BankTrack
Partners
Blog
External
BankTrack news BankTrack blog Partner news Partner blog

Fair Finance Guide 7.0

Viele Banken bessern ihre Nachhaltigkeitsrichtlinien verfügen aber häufig über zu schwache bzw. ungenügende Richtlinien zur Bekämpfung des Klimawandels
2023-03-23 | Fair Finance Guide Germany
BankTrack news BankTrack blog Partner news Partner blog

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

Climate campaigners condemn plans for 2.2GW coal power plant to fuel new smelter
2023-02-07 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2023-01-17 | Paris, France /Nijmegen, Netherlands | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

New ShareAction research uncovers urgent need for UK and European banking sector to close loopholes in climate and biodiversity strategies
2022-12-12 | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

725 European Financial Institutions found to provide billions of dollars in finance to companies operating in Israel's illegal settlement enterprise
2022-12-05 | Brussels | Don't Buy Into Occupation
BankTrack news BankTrack blog Partner news Partner blog

Faires Geld braucht die Welt

Neue ÖPNV-Infokampagne in NRW für mehr Nachhaltigkeit im Bankensektor
2022-12-02 | lifePR
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

BankTrack’s 2022 Global Human Rights Benchmark finds reporting at a standstill, remedy still lacking and no clear leaders
2022-11-17 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2022-11-07 | Fair Finance International
Blog
BankTrack news BankTrack blog Partner news Partner blog

Launching of Banking Responsibility Research on Cement Industry Financing

2022-05-25 | Fair Finance Asia, Prakarsa - Welfare Initiative for Better Societies
Blog
BankTrack news BankTrack blog Partner news Partner blog

Eyes closed, costs down, profits up

Dirty Profits 9 published today by Facing Finance
2022-05-18 | Berlin | Facing Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2022-04-04 | Berlin | urgewald, Ecodefense
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

What the war in Ukraine teaches us

Lessons for European governments, companies and financiers - a Profundo Expert View
2022-03-04 | Jan Willem van Gelder - Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

New report by APIB and Amazon Watch reveals main investors of eight large mining companies that wish to explore Indigenous territories in Brazil.
2022-02-22 | Brazil | Amazon Watch, Association of Brazil’s Indigenous Peoples (APIB)
BankTrack news BankTrack blog Partner news Partner blog

Commerzbank pushes for coal phase-out by 2030

2021-12-14 | Clean Energy Wire
BankTrack news BankTrack blog Partner news Partner blog

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

BankTrack quoted
2021-11-04 | S&P Global
BankTrack news BankTrack blog Partner news Partner blog

Commerzbank found to have biggest CO2 exposure of European banks

2021-10-06 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2021-09-29 | Don't Buy Into Occupation
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

210+ groups support urgent call to action
2021-09-23 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

Russia's largest coal producer SUEK plans to expand its coal mining and has mandated nine banks for a bond issuance
2021-09-09 | BankTrack, urgewald
BankTrack news BankTrack blog Partner news Partner blog

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

2021-09-08 | Responsible Investor
Blog
BankTrack news BankTrack blog Partner news Partner blog

New research puts big banks’ sustainability claims in doubt

While 20 of Europe’s 25 largest banks have pledged to reach net-zero emissions by 2050, none have matched these long-term ambitions with comprehensive plans to avert climate change and biodiversity loss
2021-09-06 | London | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2021-08-19 | Forests & Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Fossil assets: the new subprimes?

How funding the climate crisis can lead to a financial crisis
2021-06-10 | Institut Rousseau, Les Amis de la Terre, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

Civil society statement on the launch of the Net-Zero Banking Alliance
2021-04-22 | Nijmegen | BankTrack, urgewald, Amazon Watch, Bank on our Future, Indigenous Environmental Network, Market Forces, Positive Money, Rainforest Action Network, Reclaim Finance, ShareAction, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

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

2021-04-21 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2021-04-07 | DeSmog
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2021-03-04 | Berlin | Facing Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

ShareAction says Barclays has participated in 11 loan and bond deals to oil sands companies since its net zero announcement in March
2020-10-29 | London | ShareAction
BankTrack news BankTrack blog Partner news Partner blog

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

2020-09-28 | Unearthed
BankTrack news BankTrack blog Partner news Partner blog

Berlin clamps down on Commerzbank with supervisory board reshuffle

2020-04-03 | Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2020-03-21 | New York/Amsterdam | Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Occupied, annexed and cashed up

How international companies and German financial institutions benefit from and support activities contrary to international law in occupied and annexed territories
2019-08-13 | Berlin | Facing Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2019-07-16 | Diana Maciaga – Association Workshop for All Beings
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2019-05-22 | Frankfurt am Main | Facing Finance
BankTrack news BankTrack blog Partner news Partner blog

Deutsche Bank and Commerzbank discontinue discussions

Deutsche Bank press release
2019-04-25 | Deutsche Bank
BankTrack news BankTrack blog Partner news Partner blog

UniCredit waits in wings to bid for Germany’s Commerzbank

2019-04-04 | The Financial Times
BankTrack news BankTrack blog Partner news Partner blog

Deutsche Bank and Commerzbank go public on merger talks

2019-03-17 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Commerzbank tolerates financing of the coal energy sector in Poland

2018-05-09 | Poland | Ecological Association Eko-Unia
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2017-11-02 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2017-03-27 | Fair Finance International, Oxfam
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2016-02-25 | Kuba Gogolewski – Development YES Open-Pit Mines NO
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Protest at AGM

2014-05-07 | Urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: European banks fuelling food price volatility and hunger

2012-01-12 | Brussels | Friends of the Earth Europe
Blog
BankTrack news BankTrack blog Partner news Partner blog

urgewald publishes new consumer brochure on nuclear banks

2010-12-22 | Germany | urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

German banks withdraw from Belene following Urgewald pressure

2006 | BankTrack
Resources
Documents
Links
2023-01-31 00:00:00

ESG Framework

Bank policy
2023-01-31 00:00:00 | Commerzbank
2023-01-27 00:00:00

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

BankTrack publication
2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network
2023-01-01 00:00:00

Position on Human Rights

Bank policy
2023-01-01 00:00:00 | Commerzbank
2022-11-17 00:00:00

BankTrack Global Human Rights Benchmark 2022

BankTrack publication
2022-11-17 00:00:00 | BankTrack
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to Commerzbank on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-06-30 00:00:00

Code of conduct

Bank policy
2022-06-30 00:00:00 | Commerzbank
2022-05-03 00:00:00

CSR report 2021

Annual report
2022-05-03 00:00:00 | Commerzbank
2022-03-30 00:00:00

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald
2022-03-29 00:00:00

Annual report 2021

Annual report
2022-03-29 00:00:00 | Commerzbank
2022-01-17 00:00:00

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

Bank policy
2022-01-17 00:00:00 | Commerzbank
2021-12-31 00:00:00

Modern slavery and human trafficking statement

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

Letter from BankTrack to Commerzbank on lithium mining in Serbia’s jadar valley

Correspondence
2021-12-12 00:00:00 | BankTrack
2021-08-30 00:00:00

Annual report 2020

Annual report
2021-08-30 00:00:00 | Commerzbank
2021-08-30 00:00:00

CSR Report 2020

Annual report
2021-08-30 00:00:00 | Commerzbank
2021-08-19 00:00:00

Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress

NGO document
2021-08-19 00:00:00 | BankTrack
2021-06-10 00:00:00

Fossil assets: the new subprimes?

How funding the climate crisis can lead to a financial crisis
NGO document
2021-06-10 00:00:00 | Institut Rousseau, Reclaim Finance, Les Amis de la Terre
2021-04-21 00:00:00

Commitment statement Net Zero Banking Alliance

Other document
2021-04-21 00:00:00 | UNEP FI Principles for Responsible Banking
2020-10-31 00:00:00

High Risk, Low Reward

An overview of European banks' position on oil sands
NGO document
2020-10-31 00:00:00 | ShareAction
2020-04-06 00:00:00

Annual report 2019

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

CSR report 2019

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

Position on climate change

Date listed represents date as accessed on website
Bank policy
2020-04-06 00:00:00 | Commerzbank
2020-03-18 00:00:00

Banking on Climate Change - Fossil Fuel Finance Report 2020

BankTrack publication
2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
2019-09-30 00:00:00

Deutsche Banken spielen mit dem Feuer

NGO document
2019-09-30 00:00:00 | Facing Finance
2019-07-30 00:00:00

Corporate Responsibility Magazine

Bank document
2019-07-30 00:00:00
2019-05-21 00:00:00

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
NGO document
2019-05-21 00:00:00 | Europe Beyond Coal
2019-05-20 00:00:00

Troika Laundromat

Overview of financial institutions involved in the Troika Laundromat scheme
Other document
2019-05-20 00:00:00 | Organised Crime and Corruption Project (OCCRP)
2019-04-15 00:00:00

CSR report 2018

Annual report
2019-04-15 00:00:00 | Commerzbank
2019-04-12 00:00:00

Annual report 2018

Annual report
2019-04-12 00:00:00 | Commerzbank
2018-12-15 00:00:00

Standard for sustainable procurement

Bank policy
2018-12-15 00:00:00 | Commerzbank
2018-05-16 00:00:00

Annual report 2017

Annual report
2018-05-16 00:00:00 | Commerzbank
2018-03-31 00:00:00

CSR report 2017

Annual report
2018-03-31 00:00:00 | Commerzbank
2017-03-31 00:00:00

Annual report 2016

Annual report
2017-03-31 00:00:00 | Commerzbank
2017-01-17 00:00:00

Dirty Bankers

How HSBC is financing forest destruction for palm oil
NGO document
2017-01-17 00:00:00 | Greenpeace
2016-07-22 00:00:00

Updated position on coal

Bank policy
2016-07-22 00:00:00 | Commerzbank
2016-07-05 00:00:00

Letter from BankTrack et al. to Commerzbank on EPH financing

Correspondence
2016-07-05 00:00:00 | BankTrack et al.
2016-06-13 00:00:00

Poland – Banks funding the dirtiest form of coal

BankTrack publication
2016-06-13 00:00:00 | BankTrack
2015-10-13 00:00:00

Environmental policy

Bank policy
2015-10-13 00:00:00 | Commerzbank
2015-03-23 00:00:00

Corporate Social Responsibility Status Report 2014

Annual report
2015-03-23 00:00:00 | Commerzbank
2015-03-18 00:00:00

Annual Report 2014

Annual report
2015-03-18 00:00:00 | Commerzbank
2014-10-01 00:00:00

Dirty Profits III

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

Annual Report 2013

Annual report
2014-01-01 00:00:00
2014-01-01 00:00:00

Sustainability Report 2013

Annual report
2014-01-01 00:00:00
2013-03-19 00:00:00

Annual Report 2012

Annual report
2013-03-19 00:00:00 | Commerzbank
2013-02-13 00:00:00

Corporate Responsibility Status Report 2012

Annual report
2013-02-13 00:00:00 | Commerzbank
2012-07-16 00:00:00

corporate responsibility report 2011

Annual report
2012-07-16 00:00:00
2012-06-20 00:00:00

Worldwide investments in Cluster munitions, a shared responsibility

NGO document
2012-06-20 00:00:00 | IKV Pax Christi & FairFin
2011-07-22 00:00:00

German banks involved in the export of tanks to Saudi Arabia

A research paper prepared for Facing Finance, 22nd July 2011
NGO document
2011-07-22 00:00:00 | Profundo, Facing Finance
2011-04-20 00:00:00

Annual Report 2010

Annual report
2011-04-20 00:00:00 | Commerzbank
2011-03-08 00:00:00

Corporate Responsibility status report 2010

Annual report
2011-03-08 00:00:00 | Commerzbank
2010-04-01 00:00:00

Commerzbank cluster munitions investments

Other document
2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
2009-10-01 00:00:00

Commerzbank cluster munitions financing

Other document
2009-10-01 00:00:00 | Netwerk Vlaanderen et. al.
2009-10-01 00:00:00

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

NGO document
2009-10-01 00:00:00 | Netwerk Vlaanderen, et. al.
2006-07-04 00:00:00

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

NGO document
2006-07-04 00:00:00 | urgewald
2005-10-06 00:00:00

Milestones 1992-2004

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

EPN assessment of policies against 14 minimum criteria - Commerzbank

Environmental Paper Network (EPN) evaluated the policies of 68 major financiers of the pulp and paper industry against 14 absolute minimum criteria that all financial institutions should require their clients, investments and business partners to respect in order to reduce social and environmental risks.

Accountability
Grievances
Response tracking

Commerzbank has not established any complaints or grievances mechanism available to individuals or communities who might be affected by the bank's finance. It is however possible to lodge a complaint with the OECD National Contact Point (see OECD Watch guidance).

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".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
Rio Tinto's Jadar mine, Serbia (Letter, Dec 2021)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
Letter to financiers of Rio Tinto, December 2021
Complicity in Destruction IV: Mining and Indigenous Rights in the Amazon (March 2022)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank does not confirm or deny its finance for the mining companies included in the report. Its response neither acknowledges its link to the impacts, nor details specific actions taken, and is therefore not sufficient to score.
Action
0
Out of 1
Rationale for score
No action taken is detailed in the response.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
"Investment funds injected US$ 54.1 billion into mining companies with interests in Indigenous territories in the Amazon", February 2022

Average
50%
0
0
0
0
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