Commerzbank AG 2022 SR
The report details Commerzbank's progress toward its net-zero target by 2050, highlighting its status as the first German bank with SBTi-validated medium-term CO2 reduction targets. In 2022, the bank mobilized 246.5 billion euros for sustainable financial products, nearing its 300 billion euro target for 2025. Key initiatives included the establishment of an ESG framework, the creation of an Environmental Risk Control unit, and joining the Taskforce on Nature-related Financial Disclosures (TNFD). The report also covers operational sustainability, achieving a 34.9% reduction in global CO2 emissions compared to 2018, and emphasizes social responsibility through diversity targets and human rights due diligence.
Company: Commerzbank AG
Sector: Finance & insurance
Country: Germany
Year: 2022
Type: SR
Pages: 107
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Commerzbank AG
Sustainability Report
The report details Commerzbank's progress toward its net-zero target by 2050, highlighting its status as the first German bank with SBTi-validated medium-term CO2 reduction targets. In 2022, the bank mobilized 246.5 billion euros for sustainable financial products, nearing its 300 billion euro target for 2025. Key initiatives included the establishment of an ESG framework, the creation of an Environmental Risk Control unit, and joining the Taskforce on Nature-related Financial Disclosures (TNFD). The report also covers operational sustainability, achieving a 34.9% reduction in global CO2 emissions compared to 2018, and emphasizes social responsibility through diversity targets and human rights due diligence.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Published
Jul 12, 2023
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Standard
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Women in Management
Workplace Fatalities
Net Zero Target
Employees