In 2024, Commerzbank completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Commerzbank has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 351,909a | 17,418b | 21,613c | |
Total Scope 2 | ||||
Market-Based | 16,514a | 12,867b | 12,857c | |
Location-Based | 76,019a | 59,367b | 61,916c | |
Total Scope 3 | 74,371,739a | 46,306b | 43,932c | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 27.3559a | 1.3323b | 1.9512c |
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In 2024, the total operational greenhouse gas (GHG) emissions of Commerzbank amounted to 427,928 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Commerzbank increased by 457.31%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Commerzbank were 351,909 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Commerzbank's Scope 1 emissions have increased by 851.08%, reflecting a rising long-term trend in Scope 1 emissions over time.ad
Compared to the previous year (2023), Commerzbank's Scope 1 emissions increased by 1,920.38%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Commerzbank reported Scope 2 greenhouse gas (GHG) emissions of 16,514 tCO₂e using the market-based method and 76,019 tCO₂e using the location-based method.a
Since 2019, Commerzbank's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 22.65%, reflecting a declining long-term trend in Scope 2 emissions over time.ad
Compared to the previous year (2023), Commerzbank's Scope 2 emissions (Location-Based) rose by 28.05% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
In 2024, Commerzbank reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Commerzbank reported 74,371,739 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Commerzbank includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Commerzbank reported total Scope 3 emissions of 74,371,739 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0.14% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.86% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Commerzbank's Scope 3 emissions have increased by 103,491.91%, reflecting a rising long-term trend in Scope 3 emissions over time.ad
Compared to the previous year (2023), Commerzbank's Scope 3 emissions increased by 160,509.29%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
In 2024, Commerzbank reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Commerzbank's Scope 3 emissions were:a
In 2024, Commerzbank reported Scope 1 greenhouse gas (GHG) emissions of 351,909 tCO₂e and total revenues of USD 12,864 millions. This translates into an emissions intensity of 27.36 tCO₂e per millions USD.a
In 2024, Commerzbank reported a Scope 1 emissions intensity of 27.36 tCO₂e per millions USD. Compared to the peer group median of 0.84, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Commerzbank ranked 26 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Commerzbank among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Commerzbank reported a total carbon footprint of 74,799,667 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 60,667.78% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Commerzbank's total carbon footprint was Scope 3 emissions, accounting for 99.43% of the company's total carbon footprint, followed by Scope 1 emissions at 0.47%.a