Banks| Dodgy Deals| Map| Campaigns
About us| Blog| Publications| Successes| Contact us| Donate
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Join our Active Allies list
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
Donate
2020-12-22 00:00:00
Blog: In 2020, the Equator Principles struggle to remain relevant
2020-12-14 00:00:00
The battle to stop Line 3 is heating up on the ground and across the US
2020-12-14 00:00:00
Corporate accountability and the just transition: Frameworks for holding corporations accountable for climate change
2020-12-12 00:00:00
Five years since the Paris Agreement, are banks' 2050 pledges enough to reign in fossil fuel finance?
2020-09-24 12:53:20
Oscislowo open-pit coal mine cancelled
2020-09-08 13:07:41
Strengthened OECD guidance on responsible banking
2020-02-25 10:35:27
JPMorgan Chase Coal and Arctic Policy a step forward but fails to match its climate responsibility as the world’s #1 Fossil Bank
2020-02-18 17:27:23
Civil society groups welcome Royal Bank of Scotland preparing to exit fossil fuels
Connect
2020-11-30 00:00:00
Soft Commitments, Hard Lessons: an analysis of the Soft Commodities Compact
2020-11-24 00:00:00
"Trust Us, We're Equator Banks": Part II
2020-11-18 00:00:00
Crude Risk: Risks to banks and investors from the East African Crude Oil Pipeline
2020-09-16 00:00:00
Principles for Paris-Aligned Financial Institutions: Climate Impact, Fossil Fuels and Deforestation
2020-08-17 00:00:00
"Trust Us, We're Equator Banks": Part I
2020-03-18 00:00:00
Banking on Climate Change - Fossil Fuel Finance Report 2020
See all publications
Browse
Home
Banks
Dodgy Deals
Map
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook page
Twitter channel
Home › Bank profiles
CommerzbankGermany
About
Policies
Policy Assessments
Dodgy Deals
Dodgy Deals Map
Good Moves
Documents
News
Links

Active

This profile is actively maintained

Created before Nov 2016
Last update: 2020-04-06 14:54:25

Send feedback on this profile
Download as PDF
Share this page:

Commerzbank head office in Frankfurt am Main. Photo: Public Domain (CC0 1.0 License)

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 Annual report 2019
CSR report 2019
Ownership
listed on Frankfurt Stock Exchange

Commerzbank's major shareholder is the German state (over 15%). The bank's complete shareholder 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.

Dodgy Deals map

All
|
Projects
|
Companies
Targets
|
Active profiles
|
On record profiles

Policy Assessments

Banks, climate and energy

Bank policy scores on fossil fuel financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commerzbank AG
2020-03-01
DEU
26.5
26.5
0
Germany
Profile
Laggard
26.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 26.5 points out of 200

12 points out of 120 for oil and gas policy.

14.5 points out of 80 for coal policy.

See: Banking on Climate Change - policy scores

Explanation

A bank can obtain a total of 200 policy points for its overall fossil fuel policies; 120 possible points for oil and gas policies and 80 possible points for coal policies. Based on this score banks are then classified as laggards (0-50 points), followers (50.5-100 points), front runners (100.5-150 points) or leaders (150.5-200 points).

For more details see this page.

Bank policy scores on fossil fuel expansion

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commerzbank AG
2020-03-01
DEU
19
19
0
Germany
Profile
Laggard
19
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 19 points out of 89

4 points for a strong exclusion of tar sands projects: Commerzbank prohibits project finance for tar sands extraction and pipelines.

3 points for a moderate exclusion of Arctic oil and gas projects: Commerzbank prohibits project financing related to the extraction of oil and gas in the Arctic. The policy does not mention infrastructure.

4 points for a strong exclusion of fracked oil and gas projects: Commerzbank rules out project finance for fracked oil and gas.

4 points for a moderate exclusion of coal mining projects: Commerzbank prohibits direct finance for new coal mines and MTR mines.

4 points for a moderate exclusion of coal power projects: Commerzbank prohibits direct finance for new coal-fired power plants, with possible exceptions.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-29 00:00:00

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

2020-02-29 00:00:00
csr policies
2016-07-22 00:00:00

Updated position on coal

2016-07-22 00:00:00
Explanation

The scores for a bank's policies restricting expansion of fossil fuels - in each area, prohibitions against financing projects and/or companies expanding that area - are aggregated into a fossil fuel expansion policy score.

The point-based policy ranking for fossil fuel expansion consists of the following distribution:

  • Coal mining: 14 points​
  • Coal power: 14 points
  • Other coal: 7 points
  • Tar sands: 9 points
  • Arctic oil and gas: 9 points
  • Offshore oil and gas: 9 points
  • Fracked oil and gas: 9 points
  • LNG: 9 points
  • Other oil and gas: 9 points

A bank can obtain a total of 89 policy points for its fossil fuel expansion policy. Based on this score, banks are then classified as laggards (0-22.25 points), followers (22.25-44.5 points), front runners (44.5-66.75 points) or leaders (66.75-89 points).

For more details see this page.

Bank policy scores on oil and gas financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commerzbank AG
2020-03-01
DEU
12
12
0
Germany
Profile
Laggard
12
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 12 points out of 120

4 points out of 20 for tar sands policy: see here.  

3 points out of 20 for Arctic oil and has policy: see here.

4 points out of 20 for fracked oil and gas policy: see here.

0.5 point out of 20 for LNG policy: see here.

0.5 point out of 20 for other/conventional oil and gas: see here.

See: Banking on Climate Change - policy scores

Explanation

For each of the six subsectors, 20 possible policy points can be obtained, so a bank can obtain a total of 120 policy points for its oil and gas policies. Based on this score banks are then classified as laggards (0-30 points), followers (30.5-60 points), front runners (60.5-90 points) or leaders (90.5-120 points).

For more details see this page.

Bank policy scores on tar sands

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commerzbank AG
2020-03-01
DEU
4
4
0
Germany
Profile
Laggard
4
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 4 points out of 20

4 points for a strong exclusion of tar sands projects: Commerzbank prohibits project finance for tar sands extraction and pipelines.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-29 00:00:00

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

2020-02-29 00:00:00
Explanation

The point-based policy ranking above assesses bank policies in four ways:

 1) Restriction on direct financing for tar sands projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand tar sands.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for tar sands.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in tar sands above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its tar sands policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points). 

For more details see this page.

Bank policy scores on Arctic oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commerzbank AG
2020-03-01
DEU
3
3
0
Germany
Profile
Laggard
3
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 3 points out of 20

3 points for a moderate exclusion of Arctic oil and gas projects: Commerzbank prohibits project financing related to the extraction of oil and gas in the Arctic. The policy does not mention infrastructure.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-29 00:00:00

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

2020-02-29 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for Arctic oil and gas projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand Arctic oil and gas. 

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for Arctic oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in Arctic oil and gas above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its Arctic oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on offshore oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commerzbank AG
2020-03-01
DEU
0
0
0
Germany
Profile
Laggard
0
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 20

See: Banking on Climate Change - policy scores

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for offshore oil and gas projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand offshore oil and gas.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for offshore oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in offshore oil and gas above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its offshore oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on fracked oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commerzbank AG
2020-03-01
DEU
4
4
0
Germany
Profile
Laggard
4
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 4 points out of 20

4 points for a strong exclusion of fracked oil and gas projects: Commerzbank rules out project finance for fracked oil and gas.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-29 00:00:00

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

2020-02-29 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for fracked oil and gas projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand oil and gas fracking.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for oil and gas fracking.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in oil and gas fracking above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its fracking policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on LNG

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commerzbank AG
2020-03-01
DEU
0.5
0.5
0
Germany
Profile
Laggard
0.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0.5 point out of 20

0.5 point for enhanced due diligence regarding LNG companies: Commerzbank states that it is "highly aware of the related issue of liquefied natural gas (LNG), and takes a critical approach to transactions and business relationships involving companies in that sector." 

See: Banking on Climate Change - policy scores 

Relevant policies
csr policies
2020-02-29 00:00:00

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

2020-02-29 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for LNG projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand LNG.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for LNG.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in LNG above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its LNG policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on other/conventional oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commerzbank AG
2020-03-01
DEU
0.5
0.5
0
Germany
Profile
Laggard
0.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0.5 point out of 20

0.5 point for enhanced due diligence/Equator Principles commitment regarding other/conventional oil and gas companies: Commerzbank has enhanced due diligence for oil and gas in general.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-29 00:00:00

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

2020-02-29 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for other/conventional oil and gas projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand other/conventional oil and gas. 

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for other/conventional oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in other/conventional oil and gas above a certain threshold.

  • None (0), enhanced due diligence/Equator Principles commitment (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its other/conventional oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on coal financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commerzbank AG
2020-03-01
DEU
14.5
14.5
0
Germany
Profile
Laggard
14.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 14.5 points out of 80

7 points out of 32 for coal mining policy: see here.

7 points out of 32 for coal power policy: see here.

0.5 point out of 16 for coal infrastructure: see here.

See: Banking on Climate Change - policy scores

Explanation

For both coal mining and coal power, 32 possible policy points can be obtained, while for other coal,16 possible policy points can be obtained. So a bank can obtain a total of 80 policy points for its coal policies. Based on this score banks are then classified as laggards (0-20 points), followers (20.5-40 points), front runners (40.5-60 points) or leaders (60.5-80 points).

For more details see this page.

Bank policy scores on coal mining

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commerzbank AG
2020-03-01
DEU
7
7
0
Germany
Profile
Laggard
7
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 7 points out of 32

4 points for a moderate exclusion of coal mining projects: Commerzbank prohibits direct finance for new coal mines and mountaintop removal (MTR) mines.

3 points for a weak exclusion threshold for coal mining companies: Commerzbank prohibits financing for all companies involved in mountaintop removal (MTR) coal mining.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2016-07-22 00:00:00

Updated position on coal

2016-07-22 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal mining projects.

  • None (0), mountaintop removal mining exclusion (0.5), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal mining.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal mining.

  • None (0), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal mining above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

A bank can obtain a total of 32 policy points for its coal mining policy. Based on this score banks are then classified as laggards (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).

For more details see this page.

Bank policy scores on coal power

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commerzbank AG
2020-03-01
DEU
7
7
0
Germany
Profile
Laggard
7
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 7 points out of 32

4 points for a moderate exclusion of coal power projects: Commerzbank prohibits direct finance for new coal-fired power plants, with possible exceptions.

3 points for a weak exclusion threshold for coal power companies: Beginning in 2021 Commerzbank will prohibit financing for German companies with more than 30% of power production from coal. For companies based outside Germany, the threshold will be 50%.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-29 00:00:00

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

2020-02-29 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal power projects.

  • None (0), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal power.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal power.

  • None (0), proportional reduction (1), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal power above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

A bank can obtain a total of 32 policy points for its coal power policy. Based on this score banks are then classified as laggards (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).

For more details see this page.

Bank policy scores on coal infrastructure

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commerzbank AG
2020-03-01
DEU
0.5
0.5
0
Germany
Profile
Laggard
0.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0.5 point out of 20

0.5 points for enhanced due diligence regarding coal infrastructure companies: Commerzbank has enhanced due diligence for other coal companies.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2020-02-29 00:00:00

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

2020-02-29 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal infrastructure projects.

  • None (0), weak exclusion (1), strong exclusion (3)

2) Restriction on financing for companies that expand coal infrastructure.

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for coal infrastructure.

  • None (0), exposure reduction (1), weak phase-out (2), strong phase-out (4)

4) The bank’s commitment to exclude companies active in coal infrastructure above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (4), full exclusion (5)

A bank can obtain a total of 16 policy points for its coal infrastructure policy. Based on this score banks are then classified as laggards (0-4 points), followers (4.5-8 points), front runners (8.5-12 points) or leaders (12.5-16 points)

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

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
blog
external news
our news

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

2020-09-28 | Unearthed
blog
external news
our news

Berlin clamps down on Commerzbank with supervisory board reshuffle

2020-04-03 | Financial Times
blog
external news
our news

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

2020-03-21 | New York/Amsterdam | Environmental Paper Network
blog
external news
our news

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
external news
our news

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
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 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
2020-10-31 00:00:00

High Risk, Low Reward

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

Annual report 2019

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

CSR report 2019

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

Position on climate change

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

Banking on Climate Change - Fossil Fuel Finance Report 2020

2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
csr policies
2020-02-29 00:00:00

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

2020-02-29 00:00:00 | Commerzbank
csr policies
2019-12-09 00:00:00

Position on human rights

2019-12-09 00:00:00 | Commerzbank
ngo documents
2019-09-30 00:00:00

Deutsche Banken spielen mit dem Feuer

2019-09-30 00:00:00 | Facing Finance
ngo documents
2019-05-21 00:00:00

Fool's Gold

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

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
2019-04-15 00:00:00

CSR report 2018

2019-04-15 00:00:00 | Commerzbank
annual reports
2019-04-12 00:00:00

Annual report 2018

2019-04-12 00:00:00 | Commerzbank
csr policies
2018-12-15 00:00:00

Standard for sustainable procurement

2018-12-15 00:00:00 | Commerzbank
annual reports
2018-05-16 00:00:00

Annual report 2017

2018-05-16 00:00:00 | Commerzbank
annual reports
2018-03-31 00:00:00

CSR report 2017

2018-03-31 00:00:00 | Commerzbank
csr policies
2017-11-30 00:00:00

Code of conduct

2017-11-30 00:00:00 | Commerzbank
csr policies
2017-04-11 00:00:00

UK Modern slavery act statement

2017-04-11 00:00:00 | Commerzbank
annual reports
2017-03-31 00:00:00

Annual report 2016

2017-03-31 00:00:00 | Commerzbank
ngo documents
2017-01-17 00:00:00

Dirty Bankers

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

Updated position on coal

2016-07-22 00:00:00 | Commerzbank
correspondence
2016-07-05 00:00:00

Letter from BankTrack et al. to Commerzbank on EPH financing

2016-07-05 00:00:00 | BankTrack et al.
our publications
2016-06-30 00:00:00

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
2016-06-13 00:00:00

Poland – Banks funding the dirtiest form of coal

2016-06-13 00:00:00 | BankTrack
csr policies
2015-10-13 00:00:00

Environmental policy

2015-10-13 00:00:00 | Commerzbank
annual reports
2015-03-23 00:00:00

Corporate Social Responsibility Status Report 2014

2015-03-23 00:00:00 | Commerzbank
annual reports
2015-03-18 00:00:00

Annual Report 2014

2015-03-18 00:00:00 | Commerzbank
our publications
2014-12-02 00:00:00

Banking with Principles?

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2014-12-02 00:00:00 | BankTrack
ngo documents
2014-10-01 00:00:00

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
2014-01-01 00:00:00

Annual Report 2013

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

Sustainability Report 2013

2014-01-01 00:00:00
annual reports
2013-03-19 00:00:00

Annual Report 2012

2013-03-19 00:00:00 | Commerzbank
annual reports
2013-02-13 00:00:00

Corporate Responsibility Status Report 2012

2013-02-13 00:00:00 | Commerzbank
annual reports
2012-07-16 00:00:00

corporate responsibility report 2011

2012-07-16 00:00:00
ngo documents
2012-06-20 00:00:00

Worldwide investments in Cluster munitions, a shared responsibility

2012-06-20 00:00:00 | IKV Pax Christi & FairFin
ngo documents
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
2011-07-22 00:00:00 | Profundo, Facing Finance
annual reports
2011-04-20 00:00:00

Annual Report 2010

2011-04-20 00:00:00 | Commerzbank
annual reports
2011-03-08 00:00:00

Corporate Responsibility status report 2010

2011-03-08 00:00:00 | Commerzbank
other documents
2010-04-01 00:00:00

Commerzbank cluster munitions investments

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
other documents
2009-10-01 00:00:00

Commerzbank cluster munitions financing

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

Worldwide investments in CLUSTER MUNITIONS, a shared responsibility

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

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

2006-07-04 00:00:00 | urgewald
bank documents
2005-10-06 00:00:00

Milestones 1992-2004

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

Links

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.

https://environmentalpaper.org/commerzbank/

Policies

Voluntary initiatives

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
  • Principles for Responsible Banking (PRB)
  • Roundtable on Sustainable Palm Oil (RSPO)
  • Science Based Targets
  • United Nations Global Compact
  • Wolfsberg Principles

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
2020-04-06 00:00:00

Position on climate change

Date listed represents date as accessed on website
2020-04-06 00:00:00 | Commerzbank
csr policies
2020-02-29 00:00:00

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

2020-02-29 00:00:00 | Commerzbank
csr policies
2019-12-09 00:00:00

Position on human rights

2019-12-09 00:00:00 | Commerzbank
csr policies
2018-12-15 00:00:00

Standard for sustainable procurement

2018-12-15 00:00:00 | Commerzbank
csr policies
2017-11-30 00:00:00

Code of conduct

2017-11-30 00:00:00 | Commerzbank
csr policies
2017-04-11 00:00:00

UK Modern slavery act statement

2017-04-11 00:00:00 | Commerzbank
csr policies
2016-07-22 00:00:00

Updated position on coal

2016-07-22 00:00:00 | Commerzbank
csr policies
2015-10-13 00:00:00

Environmental policy

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

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…
Browse
Home
Banks
Dodgy Deals
Map
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook page
Twitter channel
Vismarkt 15
6511 VJ Nijmegen
The Netherlands

Tel: +31 24 324 9220
Contact@banktrack.org
©2016 BankTrack                Webdesign by BankTrack and EASYmind
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted