Commerzbank AG 2023 AR2
The report highlights Commerzbank's highly successful 2023 financial year, during which the company achieved its best consolidated profit in 15 years at 2.2 billion euros, representing a 55% increase year-on-year. The bank successfully completed its 'Strategy 2024' restructuring program ahead of schedule, reducing its cost base and optimizing its omnichannel business model. In sustainability, Commerzbank became the first German bank to have its greenhouse gas emissions reduction targets validated by the Science Based Targets initiative (SBTi) and joined the Partnership for Carbon Accounting Financials (PCAF). Additionally, the company mobilized 238 billion euros toward its 300 billion euro sustainable financial products target by 2025 and reduced its operational emissions by 36.4% compared to the 2018 baseline.
Company: Commerzbank AG
Sector: Financials
Country: Germany
Year: 2023
Type: AR2
Pages: 428
Commerzbank AG
Annual Report
The report highlights Commerzbank's highly successful 2023 financial year, during which the company achieved its best consolidated profit in 15 years at 2.2 billion euros, representing a 55% increase year-on-year. The bank successfully completed its 'Strategy 2024' restructuring program ahead of schedule, reducing its cost base and optimizing its omnichannel business model. In sustainability, Commerzbank became the first German bank to have its greenhouse gas emissions reduction targets validated by the Science Based Targets initiative (SBTi) and joined the Partnership for Carbon Accounting Financials (PCAF). Additionally, the company mobilized 238 billion euros toward its 300 billion euro sustainable financial products target by 2025 and reduced its operational emissions by 36.4% compared to the 2018 baseline.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Mar 1, 2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Women on Board
Women in Management
Net Zero Target
Employees