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 70 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Commerzbank's reported carbon emissions
In 2023, Commerzbank reported total carbon emissions of approximately 76,591,000 kg CO2e globally, with Scope 1 emissions at about 17,418,000 kg CO2e, Scope 2 emissions at approximately 12,867,000 kg CO2e, and a significant Scope 3 total of about 122,897,000 kg CO2e. This reflects a commitment to reducing its carbon footprint, particularly in its direct operations and energy consumption. Commerzbank has set ambitious climate targets, aiming for carbon neutrality in its direct emissions (Scope 1) and those from purchased energy (Scope 2) by 2030. Additionally, the bank plans to achieve complete carbon neutrality across its entire loan portfolio (Scope 3) by 2050. In the near term, it aims to reduce greenhouse gas emissions by 30% compared to 2018 levels by 2025. The bank's historical emissions data shows a reduction from approximately 75,656,000 kg CO2e in 2020, indicating progress in its sustainability initiatives. Commerzbank's long-term strategy includes expectations for its suppliers to achieve climate neutrality by 2040, further enhancing its commitment to sustainability. Overall, Commerzbank's climate commitments align with industry standards, reflecting a proactive approach to addressing climate change and reducing its environmental impact.
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Access structured emissions data, company-specific emission factors, and source documents
| 2009 | 2010 | 2011 | 2012 | 2013 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 000,000,000 |
| 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 | 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 | 00,000,000,000 |
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 participating in some of the initiatives that 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.
