Commerzbank
Commerzbank AG, commonly referred to as Commerzbank, is a leading German financial institution headquartered in Frankfurt am Main. Established in 1870, the bank has evolved into a prominent player in the European banking sector, with significant operations across Germany and key markets in Poland, the Czech Republic, and other regions. Specialising in corporate and retail banking, Commerzbank offers a diverse range of services, including commercial loans, investment banking, and asset management. Its commitment to innovation and customer-centric solutions sets it apart in a competitive landscape. Notably, Commerzbank has achieved recognition for its sustainable finance initiatives, reinforcing its position as a responsible banking leader. With a strong market presence and a focus on digital transformation, Commerzbank continues to adapt to the evolving 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 41 is higher than 84% 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 tonnes CO2e globally, with Scope 1 emissions at about 17,418 tonnes CO2e and Scope 2 emissions at around 12,867 tonnes CO2e. Notably, their Scope 3 emissions were significantly higher, reaching approximately 245,794 tonnes CO2e, indicating a substantial impact from indirect activities such as business travel and purchased goods. Over the years, Commerzbank has made strides in reducing its carbon footprint. From 2021 to 2023, the bank's total emissions decreased from about 71,200 tonnes CO2e to 76,591 tonnes CO2e, reflecting ongoing efforts to enhance sustainability. The bank has set near-term targets aligned with the Science Based Targets initiative (SBTi), aiming for a 1.5°C pathway by 2030, covering 54% of its total investment and lending assets as of the end of 2021. Commerzbank is also a participant in the Business Ambition for 1.5°C initiative, demonstrating its commitment to responsible climate policy engagement. The bank's emissions reduction strategies focus on both operational efficiencies and the sustainability of its investment portfolio, aiming to align with global climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2009 | 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.
