We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of January 2023, Manfred Knof is on the board of the IIF
Manfred Knof (Chairman of the Board of Managing Directors, Commerzbank)
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InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Martin Zielke is on the board of the IIF
Martin Zielke (Chairman, Commerzbank)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of January 2023, Manfred Knof is on the board of the IIF
Manfred Knof (Chairman of the Board of Managing Directors, Commerzbank)
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Martin Zielke is on the board of the IIF
Martin Zielke (Chairman, Commerzbank)
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of January 2023, Commerzbank is a member of ABI which is a national association member of EBF
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
As of January 2023, Commerzbank is a member of ABI which is a national association member of EBF
not specified
--no extract--
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Sustainable Finance Lobbying Overview: Commerzbank appears to have had limited engagement with sustainable finance policy.
Top-line Messaging on Sustainable Finance Policy: Commerzbank has stated support for a role for finance in meeting the goals of the Paris Agreement and appears to support investment strategies guided by the need to achieve net-zero by 2050 as a member of the Net-Zero Banking Alliance. In 2019, Commerzbank stated broad support for sustainable finance policy in a media article, although on its website cautioned against "excessive regulations" on the issue.
Position on sustainable finance policies: Commerzbank described some sustainable finance policies it is covering, including the NFRD and updates to MiFID II], in a 2019 newsletter but without declaring clear positions. However, Commerzbank stated support for the EU Taxonomy in its 2019 Corporate Responsibility report and on its website. Also on its website, it offered broad support for mandatory climate-related disclosures. In its 2022 CDP response, it stated “support with no exceptions” to the Sustainable Finance Disclosure Regulation (SFDR), and stated that it was neutral on the EU taxonomy and climate disclosures.
Lobbying Transparency: Commerzbank does not appear to have described its indirect engagement on sustainable finance policy beyond listing some of its industry association memberships. Commerzbank discloses some information of its sustainable finance positions across its website, but lacks a dedicated disclosure of its policy positions and lobbying activities.