Commerzbank AG Sustainability Profile
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 22 is lower than 82% 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
In 2022, Commerzbank AG reported total carbon emissions of approximately 686,600 kg CO2e, comprising 404,000 kg CO2e from Scope 1 and 282,600 kg CO2e from Scope 2 emissions. This data reflects the bank's operational footprint, with no reported Scope 3 emissions. Comparatively, in 2021, the bank's Scope 1 emissions were significantly higher at about 533,000,000 kg CO2e, indicating a substantial reduction in direct emissions over the year. However, there are no specific reduction targets or initiatives disclosed by Commerzbank AG, nor are there any commitments to the Science Based Targets initiative (SBTi) or other climate pledges. Commerzbank AG's climate strategy focuses on achieving net-zero banking operations, although detailed plans or targets have not been specified. The emissions data is not cascaded from any parent organization, indicating that it is independently reported by Commerzbank AG.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 533,000,000 | 000,000 |
| Scope 2 | - | 000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Commerzbank AG's Industry?
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Commerzbank AG's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Commerzbank AG has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
