Commerzbank targets ‘net zero’ credit and investment portfolio by 2050 By Reuters


© Reuters. FILE PHOTO: A company logo is pictured at the headquarters of Commerzbank AG Germany in Frankfurt, Germany February 13, 2020. REUTERS / Ralph Orlowski / File Photo

FRANKFURT (Reuters) – Commerzbank (DE 🙂 on Friday said its portfolio of credits and investments would be “net zero” for carbon emissions by 2050.

It also announced that it would triple its sustainable fundraising activity to around 300 million euros by the end of 2025 compared to the end of last year.

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