Commerzbank

Commerzbank, headquartered in Germany, operates in the Financial intermediation services, except insurance and pension funding services industry.

In 2025, Commerzbank reported total emissions of approximately 92.38 billion kg CO2e. This includes Scope 1 emissions of approximately 15.58 million kg CO2e, Scope 2 emissions (market-based) of approximately 12.01 million kg CO2e, and Scope 3 emissions of approximately 92.35 billion kg CO2e. A significant portion of Scope 3 emissions, about 92.28 billion kg CO2e, was attributed to investments.

Looking at previous years, Commerzbank's total emissions were about 74.37 billion kg CO2e in 2024, with Scope 1 at approximately 17.68 million kg CO2e, Scope 2 (market-based) at around 14.23 million kg CO2e, and Scope 3 at about 74.34 billion kg CO2e (including 74.27 billion kg CO2e from investments). In 2023, total emissions were approximately 76.59 million kg CO2e, comprising Scope 1 at about 17.42 million kg CO2e, Scope 2 (market-based) at around 12.87 million kg CO2e, and Scope 3 at approximately 46.31 million kg CO2e.

Commerzbank has set several climate commitments. The company aims to achieve net-zero CO2 emissions for its own banking operations (Scope 1 and 2) by 2040. For its entire loan and investment portfolio (Scope 3), Commerzbank targets net-zero carbon emissions by 2050.

In terms of specific reduction targets, Commerzbank aimed to reduce greenhouse gas emissions in its own operations by 30% by 2025 compared to 2018. This target was reportedly achieved in 2022, demonstrating a 34.9% decrease. Furthermore, Commerzbank has an approved Science Based Target Initiative (SBTi) target, classified as 1.5°C aligned, to reduce Scope 1 and Scope 2 GHG emissions by 42% by 2030, using 2021 as the base year. The company's portfolio targets cover 34% of its total investment and lending by total risk-weighted assets as of 2021, and its operational emissions targets (Scope 1 and 2) are consistent with a 1.5°C warming scenario.