Commerzbank AG 2021 Annual Report with Sustainability Disclosures
Company: Commerzbank AG
Sector: Finance & insurance
Country: Germany
Year: 2021
Type: Annual Report with Sustainability Disclosures
Pages: 324
The report describes 2021 as the first year of Commerzbank's transformation under Strategy 2024, with sustainability embedded as a strategic cornerstone. It sets net-zero commitments for the lending and investment portfolio by 2050 and banking operations by 2040, alongside a 30% operational emissions reduction target by 2025 against 2018. The Group expanded sustainability governance through the Supervisory Board, Group Sustainability Board and sustainability management, and aligned its non-financial reporting with TCFD and EU Taxonomy requirements. It reports 46,218 worldwide colleagues, 33.7% women in management Group-wide, and no known corruption cases.
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