Commerzbank AG
Commerzbank's Climate Target Data Preview
As of 2024, Commerzbank has disclosed 10 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 8 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Commerzbank's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2030 |
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | 0000000 | 2040 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Steel from Unspecified Activities | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Cement from Unspecified Activities | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2) | Copy/Paste is a PRO feature. a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Passenger Kilometer | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Tonne Kilometer (TKM) | Copy/Paste is a PRO feature.  a | 2030 |
Verified Sources Behind Commerzbank’s Climate Targets Data
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Insights into Commerzbank's Greenhouse Gas Emissions Pathways
As of 2024, Commerzbank has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.a
Does Commerzbank have a target to reduce the emissions from its operations?
As of 2024, Commerzbank has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Commerzbank's most ambitious operational target is to reduce these emissions by 42% by 2030, compared to a baseline of 38,507 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021.a
As of 2024, Commerzbank is ahead of schedule on its operational emissions reduction target, having achieved 40.79% of the planned reduction.a
Commerzbank's Operational (Scope 1+2) Emissions Pathway
Does Commerzbank have a target to reduce the emissions from its value chain?
As of 2024, Commerzbank has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
Commerzbank's most ambitious value chain target is to reduce these emissions by 74% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities in 2021.a
As of 2024, Commerzbank is ahead of schedule on its value chain emissions reduction target, having achieved 48.74% of the planned reduction.a