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 72 is higher than 85% 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 2024, Commerzbank reported total carbon emissions of approximately 74,740,162,000 kg CO2e globally. This includes Scope 1 emissions of about 351,909,000 kg CO2e, Scope 2 emissions of approximately 16,514,000 kg CO2e (market-based), and a significant Scope 3 total of around 74,371,739,000 kg CO2e, which encompasses investments and other indirect emissions. For the year 2023, emissions in Germany were reported at approximately 62,230,000 kg CO2e, with Scope 1 emissions at about 16,717,000 kg CO2e, Scope 2 emissions at approximately 7,883,000 kg CO2e (market-based), and Scope 3 emissions at around 37,630,000 kg CO2e. Commerzbank has set ambitious climate commitments, aiming for a 30% reduction in greenhouse gas emissions by 2025 compared to 2018 levels. Notably, they achieved a 34.9% reduction in 2022, with emissions recorded at 78,402 tonnes CO2e. Additionally, the bank is committed to achieving carbon neutrality in its direct emissions (Scope 1) and energy purchases (Scope 2) by 2030. Furthermore, Commerzbank plans to reach net-zero emissions across its entire lending and investment portfolio by 2050. The bank's targets align with the Science Based Targets initiative (SBTi), which confirms that their emissions reduction strategies are consistent with limiting global warming to 1.5°C. Commerzbank's ongoing efforts reflect a strong commitment to sustainability and climate action within the financial sector.
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| 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 | 00,000,000 | 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.
