Commerzbank’s EVENT EMISSION ASSESSMENT

Commerzbank, a leading German bank, is actively involved in addressing societal challenges like climate change. This commitment is deeply embedded in their corporate culture, driving their efforts to reduce and manage their carbon footprint.

Commerzbank faced the challenge of accurately calculating the carbon footprint of their annual general meeting. Ensuring precise measurement of emissions was critical for their sustainability efforts and their goal of achieving comprehensive carbon management.
 

FORLIANCE calculated the event carbon footprint of Commerzbank’s annual general meeting. To account for any potential data inaccuracies, Commerzbank proactively finances approximately 20% more nature-based carbon projects than the calculated footprint. The unavoidable CO₂ emissions are managed through our CliMates project bundle, which included:

• Re-Spire Westerwald, Germany: The first German reforestation project designed according to international carbon standards, aiming to reforest 95 hectares with climate-resilient tree species.
• Brazil Nut Rainforest REDD+ Project, Peru: This project reduces deforestation and forest degradation, promotes sustainable forest management and biodiversity conservation, and ensures the economic development of 405 Brazil nut concessionaire families.

Commerzbank’s climate strategy includes setting actionable goals for reducing their carbon footprint and financing nature-based carbon projects to manage their unavoidable emissions. This proactive approach showcases their commitment to environmental responsibility.