Commerzbank Sustainability Profile
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 84% 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 75.4 million kg CO2e, comprising 351,909,000 kg CO2e from Scope 1, 16,514,000 kg CO2e from Scope 2, and 74,371,739,000 kg CO2e from Scope 3 emissions. The bank has set ambitious climate commitments, aiming for net-zero emissions in its banking operations by 2040. This target encompasses all scopes of emissions and reflects a long-term commitment to sustainability. In previous years, Commerzbank achieved a significant reduction in emissions, with a 34.9% decrease from 2018 levels by 2022, surpassing its goal of a 30% reduction by 2025. The bank's Scope 1 emissions are targeted for a further 42% reduction by 2030 compared to 2021 levels. Additionally, it aims to reduce Scope 2 emissions by the same percentage within the same timeframe. Commerzbank's climate strategy includes a commitment to achieving net-zero emissions across its entire lending and investment portfolio by 2050. The bank's near-term targets are aligned with the Science Based Targets initiative (SBTi), ensuring that its emissions reduction efforts are consistent with the global goal of limiting warming to 1.5°C. Overall, Commerzbank is actively working towards a sustainable future, with clear targets and a commitment to reducing its carbon footprint across all operations.
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| 2009 | 2010 | 2011 | 2012 | 2013 | 2017 | 2018 | 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 |
How Carbon Intensive is Commerzbank's Industry?
How Carbon Intensive is Commerzbank's Location?
Commerzbank's Scope 3 Categories Breakdown
Commerzbank's Scope 3 emissions, which increased significantly last year and increased significantly since 2009, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Commerzbank'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 has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Commerzbank's sustainability data and climate commitments
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