Sustainability Report

Report overview

The report describes Commerzbank's 2022 sustainability strategy, including a net-zero ambition for its lending and investment portfolio by 2050 and a 30% reduction target for its own banking operations by 2025. It reports 78,402 tonnes of total CO2-equivalent emissions for 2022 and states that operational emissions are offset. The report also presents a double-perspective materiality analysis covering nine priority topics. Sustainability governance was strengthened through the ESG Committee, Group Sustainability Board and Sustainability Advisory Board.

Document

Report type: Sustainability Report
Class: Dedicated
Scope: Full report
Fiscal year: 2022
Period: 1 January 2022 – 31 December 2022
Language
Pages
File size
Restatement: Disclosed

Standards & Assurance

Standards

GRI
SASB
TCFD
ISSB
ESRS
Integrated Reporting Framework
GHG Protocol
EU Taxonomy
CDP
Other

Commitments

UN Global Compact
UN Guiding Principles
Science Based Targets initiative

Ratings

GRI level
SBTi status

Assurance

Provider
Standard
Scope
Statement included
Metrics assured

ESG & Materiality

ESG data

Indicators available in this report:

Scope 1 emissions
Scope 2 emissions
Scope 3 emissions
Energy consumption
Renewable energy
Employees
Women in management
Workplace fatalities
Net zero target

Materiality

Assessment
Basis
Matrix

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