|Date joined:||13 September, 2019|
|Initiatives:||Net Zero Banking Alliance and Principles for Responsible Banking|
Commerzbank is a leading international commercial bank with locations in just under 50 countries. In the two business segments Private and Small Business Customers, as well as Corporate Clients, the Bank offers a comprehensive portfolio of financial services which is precisely aligned to the needs of its clients.
Commerzbank finances around 30% of Germany’s foreign trade and is leading in financing for corporate clients in Germany. Due to its in-depth sector know-how in the German business world, the Bank is also a leading provider of capital market products.
Its subsidiaries comdirect in Germany and mBank in Poland are two of the world’s most innovative online banks. With approximately 1,000 branches, Commerzbank has one of the densest branch networks among German private banks.
In total, the Bank serves more than 18 million private and small business customers, as well as more than 70,000 corporate clients multinationals, financial service providers and institutional clients worldwide.
In 2018, it generated gross revenues of EUR 8.6 billion with approximately 49,000 employees.
Summary of sustainability strategy
Commerzbank wants to nurture the sustainable development of our company and the environment in which we operate. We do so by means of efficient management systems, offering sustainable products and services, raising employees’ awareness and establishing close ties between Commerzbank and society.
To ensure a systematic approach in these areas, we have defined three fields of action. They represent our key challenges and provide a framework for how we respond.
The overarching objectives in the three fields of action are guided by the Bank’s commitment to meet the global challenges as a responsible partner for sustainable economic and social development.