Commerzbank AG
Commerzbank AG, a leading financial institution based in Germany, has established itself as a prominent player in the banking industry since its founding in 1870. Headquartered in Frankfurt, Commerzbank operates extensively across Europe and has a significant presence in key international markets. The bank offers a diverse range of services, including retail banking, corporate banking, and investment solutions, catering to both individual and business clients. Commerzbank is recognised for its innovative digital banking solutions and commitment to sustainability, setting it apart in a competitive landscape. With a strong market position, Commerzbank has achieved notable milestones, including its role in financing major infrastructure projects and supporting small to medium-sized enterprises. As a trusted partner in the financial sector, Commerzbank AG continues to evolve, adapting to the changing needs of its clients while maintaining a focus on growth and stability.
DitchCarbon Score
How does Commerzbank AG'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 AG's score of 31 is higher than 57% 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 AG's reported carbon emissions
As of the latest available data, Commerzbank AG has achieved a significant reduction in its greenhouse gas emissions, reporting CO2 emissions of 78,402 tonnes in 2022. This figure represents a decrease of approximately 34.9% compared to the base year of 2018, surpassing their initial target of a 30% reduction by 2025. Commerzbank's climate commitments include a long-term goal to achieve net-zero emissions for its own banking operations by 2040. This commitment encompasses both Scope 1 and Scope 2 emissions, reflecting the bank's dedication to reducing its carbon footprint across all operational aspects. The bank's proactive approach to climate action is evident in its near-term reduction targets, which aim for a 30% decrease in greenhouse gas emissions by 2025 relative to 2018 levels. With these initiatives, Commerzbank AG is positioning itself as a leader in sustainable banking practices within the financial sector.
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 AG is not participating in any 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.
