Commerzbank

Commerzbank, a German financial intermediation services company, reported total carbon emissions of approximately 92.38 billion kg CO2e in 2025. This includes Scope 1 emissions of about 15.58 million kg CO2e, market-based Scope 2 emissions of approximately 12.01 million kg CO2e, and Scope 3 emissions of around 92.35 billion kg CO2e. A significant portion of Scope 3 emissions, about 92.28 billion kg CO2e, is attributed to investments.

For 2024, Commerzbank's total emissions were approximately 74.37 billion kg CO2e, with Scope 1 at about 17.68 million kg CO2e, market-based Scope 2 at roughly 14.23 million kg CO2e, and Scope 3 at around 74.34 billion kg CO2e. In 2023, the total emissions were approximately 76.59 million kg CO2e, comprising Scope 1 emissions of about 17.42 million kg CO2e, market-based Scope 2 emissions of roughly 12.87 million kg CO2e, and Scope 3 emissions of around 46.31 million kg CO2e.

Commerzbank is committed to ambitious climate targets:

• Near-term:
  • Reduce Scope 1 and Scope 2 GHG emissions by 42% by 2030, compared to a 2021 base year.
  • Achieve carbon neutrality in direct emissions (Scope 1) and purchased energy (Scope 2) by 2030.
  • A target to reduce greenhouse gas emissions by 30% by 2025 (compared to 2018) for Commerzbank Aktiengesellschaft was already achieved in 2022, with a 34.9% decrease.
• Long-term:
  • Reduce CO2 emissions from its own banking operations to net zero by 2040.
  • Achieve net-zero carbon emissions across its entire lending and investment portfolio (Scope 3 total) by 2050.
  • Expects suppliers in its portfolio to be climate-neutral by 2040.

Commerzbank AG has near-term Science Based Targets initiative (SBTi) targets classified as 1.5°C, with a target year of 2026. These targets cover 34% of its total investment and lending by total risk-weighted assets as of 2021, and the targets covering greenhouse gas emissions from company operations (Scopes 1 and 2) are consistent with reductions required to keep warming to 1.5°C.