Commerzbank

Commerzbank, a financial intermediation services company headquartered in Germany, 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, Scope 2 emissions (market-based) of approximately 12.01 million kg CO2e, and Scope 3 emissions of about 92.35 billion kg CO2e, primarily driven by investments (92.28 billion kg CO2e). In 2024, total emissions were approximately 74.37 billion kg CO2e, with Scope 1 at about 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, largely from investments (74.27 billion kg CO2e).

Commerzbank is committed to various climate initiatives, aiming for net-zero in its own banking operations (Scope 1 and Scope 2) by 2040. They also plan to reduce the CO2 emissions from their entire lending and investment portfolio (Scope 3 total) to net-zero by 2050. Near-term targets include a 42% reduction in Scope 1 and Scope 2 GHG emissions by 2030 compared to a 2021 baseline. Previously, the company had a target to reduce greenhouse gas emissions by 30% by 2025 compared to 2018, which they achieved in 2022 with a 34.9% decrease. Commerzbank's Science Based Targets initiative (SBTi) near-term targets, covering company operations (Scope 1 and 2), are consistent with a 1.5°C warming scenario, with a target year of 2026. The SBTi also notes that Commerzbank AG's portfolio targets cover 34% of its total investment and lending by total risk-weighted assets as of 2021.