Commerzbank Ag · XETR:CBK
Commerzbank — ESG Presentation (July 2022)
35 slides from Commerzbank's sustainability presentation, Jul 22, 2022
Slide 1: Commerzbank ESG Presentation
Commerzbank ESG Presentation Group Investor Relations | Frankfurt | April 2022 1
Slide 2: Agenda
Agenda 1. Sustainability Approach 2. Social Dimension 3. Client Business Sustainability 4. Outlook 5. Appendix Commerzbank ESG Presentation
Slide 3: Sustainability approach
COMMERZBANK Sustainability approach
Slide 4: Management view and core beliefs
Management view and core beliefs With the new strategy sustainability is where it belongs: at CEO level ”Sustainability has become an integral part of our strategy. We have defined ambitious targets for the carbon footprint and we will actively seize the business opportunities from the green transfo
Slide 5: Our ESG Strategy follows a holistic view
Our ESG Strategy follows a holistic view Our overarching goal is directed by our commitment to meet the global challenges as a responsible partner for sustainable economic and social development. E S G • Working steadily on reducing our • Being a supportive and attractive • Foster compliance, respon
Slide 6: Visibility of sustainable strategic progress through three key KPIs
Visibility of sustainable strategic progress through three key KPIs1 Strategic KPI 1: Strategic KPI 2: Strategic KPI 3: Net zero portfolio by 2050 Net zero banking €300bn for sustainable at the latest operations2 by 2040 financial products by 2025 • Applies to the entire lending • In addition, 100%
Slide 7: Special effect of pandemic on emissions – target set until 2025
Special effect of pandemic on emissions – target set until 2025 Carbon Footprint 2020 – an exceptional year (t CO2) The year 2020 was mainly shaped by the 140,000 consequences of the pandemic. Accompanied by 13,484 ● Business travel restrictions 120,000 11,316 14,913 -30% ● Extending digital communi
Slide 8: Sustainability anchored at Executive Level and Supervisory Board Level
Sustainability anchored at Executive Level and Supervisory Board Level Executive Level Supervisory Board Level Establishment of “Group Sustainability Board” Establishment of “ESG Committee”1 The Boards composition: The Committees composition: CEO Chair Board Member Chief of Staff Board Member (Chair
Slide 9: Social Dimension
COMMERZBANK Social Dimension
Slide 10: Human rights as a basis for Commerzbank's operations
Human rights as a basis for Commerzbank's operations High commitment within the UN Global Compact Commerzbank joined the UN Global Compact in 2006. Since then, as part of our sustainability reporting, we have issued annual reports on the progress we have made in implementing and integrating the obje
Slide 11: Diversity at the center of our organizational culture
Diversity at the center of our organizational culture We believe that having a diverse and inclusive organization is integral to the success of Commerzbank. Employee Demographics • The proportion of women in Commerzbank Group is 53%* • The average age in Commerzbank is 45.8 years* • The average seni
Slide 12: Diversity has a long history at the bank and still enjoys high priority today
Diversity has a long history at the bank and still enjoys high priority today 1989 2021 2022 onwards Over 30 years of diversity. Our plans for the future. First diversity initiative: Awareness formats: Women in management ‘Women in Modern Banking’ We organized over 50 formats positions: initiative i
Slide 13: Wide range of lived Diversity at Commerzbank
Wide range of lived Diversity at Commerzbank “Diversity is no longer just a personnel management issue. It is part of the Bank’s sustainability management and our joint responsibility!’. Manfred Knof, CEO Commerzbank Diversity Structure Networks Pflege Courage Employees who Global Diversity Council
Slide 14: We support our employees in the best way
We support our employees in the best way Flexible working Childcare Eldercare hours • Manage their working time individually • Offer individual subsidies for childcare • 144 usages of eldercare in 2021 through various part-time models and (from 0-12 years) sabbatical leave offers. • Yearly approxima
Slide 15: We invest in our employee development
We invest in our employee development We want to discover and develop the skills of our employees at an early stage. Therefore, we support our employees through active promotion of young talent & education and training. A broad range of workshops & events is offered school & student programs • Progr
Slide 16: Our Covid-19 response - supporting our customers, community & employees
Our Covid-19 response - supporting our customers, community & employees Our existing customers Our community • Helping our customers with a quick and • Supporting local business with Commerzbankhilft.de unbureaucratic processing of KfW loans • Platform for buying vouchers of local businesses to • Wi
Slide 17: Client business Sustainability
Client business Sustainability Overview
Slide 18: Sustainable products already ~88% above FY 2020 level
Sustainable products already ~88% above FY 2020 level Advisory products Loan products (no balance sheet impact, €bn) (with balance sheet impact, €bn) Corporate Clients ● Accompanied ESG bond transactions ● Renewable energy loan portfolio Sustainable products (e.g. Green and Social Bonds) ● Accompani
Slide 19: Client business Sustainability: Private and Small-Business Clients
Client business Sustainability Private and Small-Business Clients
Slide 20: Solutions for our clients – offering sustainable banking services
Solutions for our clients – offering sustainable banking services ESG asset management & HausInvest Green mortgage • With investments in sustainable products, customers benefit from a megatrend • Supporting energy efficient buildings with better conditions of our time • Currently over €1bn AuM in ES
Slide 21: KlimaVest – Impact investing for private customers
KlimaVest – Impact investing for private customers Key facts1 • First impact fund for private investors • Investing in real assets • Set up by CommerzReal in Q4 2020 • Successful distribution through • Officially classified as „Art. 9 Fund“ Commerzbank > 350,000 t (p.a.) 3-4% 5 years > €500m > €300m
Slide 22: Client business Sustainability: Corporate Clients
Client business Sustainability Corporate Clients
Slide 23: Offering our clients a broad portfolio of Green Capital Markets and funding products
Offering our clients a broad portfolio of Green Capital Markets and funding products Green/Social/ Green Green Term Sustainable Sustainability Sustainability Sustainable Promissory Loans Revolving Linked Bonds Linked Loans Bonds Notes Credit Facility Focus on sustainability Focus on use of proceeds
Slide 24: Development of renewable energy portfolio
Development of renewable energy portfolio Renewable Energies (RE) Global footprint of Renewable Energy project finance portfolio Renewable Energy financing portfolio (EaD, €bn eop) +35.3% 0.3% 4.5 4.6 4.7 17.4% 4.0 4.1 4.2 4.2 3.8 3.5 €4.7bn 21.2% 61.1% Wind Onshore Wind Offshore PV 2013 2014 2015 2
Slide 25: Further ESG activities to support Mittelstand and SMEs
Further ESG activities to support Mittelstand and SMEs Carbon emissions trading as a Consulting the Mittelstand at improving compensation solution energy efficiency • Commerzbank is a leading bank in the European • Meeting energy efficiency targets because increasingly carbon emissions trading marke
Slide 26: Outlook: ESG Journey
Outlook ESG Journey
Slide 27: Clear path for a sustainable transformation journey
Clear path for a sustainable transformation journey Execution of a holistic ESG approach Constant improvement towards NZBA in consideration of our lending and investment portfolio Capable support of customers to realize their sustainable transformation Group Investor Relations | Frankfurt | April 20
Slide 28: Clear plan for sustainability in 2022
Clear plan for sustainability in 2022 Key achievements Future milestones Environmental Achievement of €207bn sustainable business Clear target setting volume in 2022 ● Banking operations Net Zero by 2040 ● Customer portfolio Net Zero by 2050 ● €300bn sustainable business volume ESG portfolio steerin
Slide 29: Appendix
COMMERZBANK
Slide 30: Above-average ESG ratings prove that we are on the right track
Above-average ESG ratings prove that we are on the right track CCC B BB BBB A AA AAA Severe High Medium Low Negligible D- D D+ C- C C+ B- B B+ A- A A+ 10 9 8 7 6 5 4 3 2 1 E D C B A ESG Rating ESG Risk Rating ESG Corporate Rating ESG QualityScores Climate Change Rating ● Double A rated in the ● Comm
Slide 31: Accredited environmental and energy management
Accredited environmental and energy management Three main objectives: Our ISO certificates: ● Optimizing resource consumption ● Increasing the use of renewable energies ● Reducing direct and indirect greenhouse gas emissions Since 2009 Commerzbank AG in Germany has an externally certified environmen
Slide 32: Commerzbank issued Green Bonds with a volume of €1bn
Commerzbank issued Green Bonds with a volume of €1bn Commerzbank Green Bond Framework Commerzbank is part of NSBN Green Bond I: Overview of assigned assets 1) [in percent] Allocation by country Allocation by technology Use of Proceeds Germany 5 23 6 USA 26 Project Evaluation 1 Netherland 8 44 Manage
Slide 33: ESG information regularly published in various formats
ESG information regularly published in various formats Overview of various overarching communication formats regarding sustainability issues Capital markets disclosure Sustainability portal • Sustainability topics as a part of • Comprehensive portal including all quarterly Investor Relations disclos
Slide 34: For more information, please contact our IR team
For more information, please contact our IR team Investors and Financial Analysts Rating Agency Relations Patricia Novak Michael H. Klein Christoph Wortig Ansgar Herkert P: +49 69 136 46442 P: +49 69 136 24522 M: patricia.novak@ Head of Investor Relations Head of IR Communications M: michael.klein@
Slide 35: Disclaimer
Disclaimer This presentation contains forward-looking statements. Forward- In addition, this presentation contains financial and other information looking statements are statements that are not historical facts; they which has been derived from publicly available information disclosed include, inter