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COMMERZBANK AKTIENGESELLSCHAFT

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Environment<br />

As a financial services provider, Commerzbank looks to optimise the use of resources by focusing<br />

in-house on environmental protection, particularly where it can have a direct impact<br />

on the environment, such as buildings and energy management as well as business trips.<br />

Commerzbank has already reached one of its main targets, which was to reduce CO2 emissions<br />

as part of its climate strategy. Compared to 2007, these had already been halved by the<br />

end of 2010, and the target of reducing “greenhouse gas emissions by 30% by 2011 compared<br />

to the 2007 basis year” was even exceeded. The central Group Environmental Committee<br />

continued to meet in 2011: representatives of all responsible areas of the banks met<br />

again to discuss important environmental topics and initiate corresponding measures. Green<br />

electricity, raising employee awareness of environmental issues and climate protection are<br />

just some of the topics that were discussed. Approximately 90% of the power needs of<br />

Commerzbank AG in Germany are now covered by green electricity. Commerzbank has also<br />

been promoting renewable energies for around 25 years. With its Centre of Competence Renewable<br />

Energies (CoC RE) and a portfolio of around €5bn, it is one of the world’s largest<br />

funder’s of projects in this growth market. This means that Commerzbank is well prepared<br />

for the change in energy policy.<br />

Society<br />

Commerzbank exercises a high level of corporate responsibility through a wide range of<br />

foundation, charity and sponsorship activities and through other commitments and initiatives.<br />

The Foundation Centre is a particularly good example of this. It has endowment capital<br />

of approximately €100m and its work focuses on education, art and culture as well as social<br />

issues. The newly established Corporate Citizenship department deals with Bank projects<br />

which have a particular social relevance. Last year Commerzbank was the national promoter<br />

of the FIFA Women’s World Cup 2011 in Germany and official sponsor of the volunteer<br />

programme, in which well over 1,000 staff and customers took part. In 2011 the successful<br />

“Green Band” sponsorship project also celebrated its 25 th anniversary. Through this project<br />

Commerzbank supports and recognises outstanding contributions to talent promotion in<br />

sports clubs, without regard for the type of sport.<br />

Our employees<br />

As a leading bank for private and corporate customers, we need highly qualified and committed<br />

employees. The main objective of our Human Resources work is therefore to constantly<br />

improve the appeal of Commerzbank as an employer, both internally and externally.<br />

The HR division is the business partner for the segments and creates an important strategic<br />

basis for Commerzbank’s success..<br />

The number of employees at Commerzbank Aktiengesellschaft decreased by 673 (roughly<br />

2%) year-on-year to 42, 877 as at December 31, 2011.<br />

Financial Statements and Management Report 2011 7

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