Commerzbank AG 2020 Annual Report with Sustainability Disclosures
Company: Commerzbank AG
Sector: Finance & insurance
Country: Germany
Year: 2020
Type: Annual Report with Sustainability Disclosures
Pages: 350
The report describes Commerzbank Group's 2020 financial year and combines the annual financial statements with a separate non-financial report. Sustainability highlights include a new 15% greenhouse-gas reduction target for 2025 against 2018, joining the Science Based Targets Initiative, support for TCFD, and extensive sustainable-finance activity, including more than €46bn of sustainable bonds managed in 2020. The company reports 47,718 Group colleagues, 40% women on the Supervisory Board and 33.3% women in Group-wide management. It also reports no known corruption cases in 2020 and limited assurance by Ernst & Young over the non-financial report.
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