Commerzbank
Commerzbank AG, commonly referred to as Commerzbank, is a leading financial institution headquartered in Frankfurt, Germany. Established in 1870, the bank has evolved into a prominent player in the European banking sector, with a strong presence in retail and corporate banking across Germany and Poland, as well as significant operations in other key markets. Commerzbank offers a diverse range of services, including personal banking, commercial banking, and investment solutions, distinguished by its commitment to customer-centric innovation. The bank has achieved notable milestones, such as its successful digital transformation and a robust focus on sustainable finance, positioning itself as a forward-thinking leader in the industry. With a solid market position, Commerzbank continues to enhance its reputation through strategic partnerships and a comprehensive suite of financial products tailored to meet the needs of its clients.
DitchCarbon Score
How does Commerzbank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Commerzbank's score of 51 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Commerzbank's reported carbon emissions
In 2023, Commerzbank reported total carbon emissions of approximately 76,591,000 kg CO2e globally, with 17,418,000 kg CO2e from Scope 1 emissions and 12,867,000 kg CO2e from Scope 2 emissions. Notably, their Scope 3 emissions were significantly higher, amounting to about 122,897,000 kg CO2e. The bank has set ambitious climate commitments, aiming for net-zero emissions in its own banking operations by 2040. Additionally, Commerzbank has established near-term targets aligned with a 1.5°C pathway, covering 54% of its total investment and lending assets as of the end of 2021. These targets include a focus on reducing greenhouse gas emissions from its operations (Scopes 1 and 2) by 2030. Commerzbank's ongoing efforts reflect a commitment to sustainability and responsible banking, positioning itself as a proactive player in the financial sector's response to climate change.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2009 | 2010 | 2011 | 2012 | 2013 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 53,569,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 153,669,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 25,208,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Commerzbank is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
