Commerzbank AG 2023 SR
The report details Commerzbank's progress toward its net-zero targets for 2040 in operations and 2050 for its portfolio. Key highlights include being the first German bank with SBTi-validated CO2 reduction targets and joining the Partnership for Carbon Accounting Financials (PCAF). The bank mobilized €238 billion for sustainable financial products by the end of 2023, nearing its €300 billion target for 2025. Additionally, the report introduces a new deforestation policy and aligns with TNFD recommendations for the first time to address biodiversity risks.
Company: Commerzbank AG
Sector: Financials
Country: Germany
Year: 2023
Type: SR
Pages: 133
Commerzbank AG
Sustainability Report
The report details Commerzbank's progress toward its net-zero targets for 2040 in operations and 2050 for its portfolio. Key highlights include being the first German bank with SBTi-validated CO2 reduction targets and joining the Partnership for Carbon Accounting Financials (PCAF). The bank mobilized €238 billion for sustainable financial products by the end of 2023, nearing its €300 billion target for 2025. Additionally, the report introduces a new deforestation policy and aligns with TNFD recommendations for the first time to address biodiversity risks.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Jul 9, 2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
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 on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees