Commerzbank AG is a leading financial institution in Germany that operates in the banking sector. The bank has a rich history dating back to 1870 when it was founded as Commerz- und Disconto-Bank in Hamburg. Today, Commerzbank has a strong presence in Germany and several other countries around the world. The bank offers a wide range of financial products and services to its customers, including retail banking, corporate banking, investment banking, and asset management.

In recent years, Commerzbank has been actively involved in the decarbonisation of the economy. The bank recognises the importance of reducing greenhouse gas emissions to mitigate the impacts of climate change. Commerzbank has set ambitious targets to reduce its own carbon footprint and support its customers in their efforts to transition to a low-carbon economy.

One of the ways in which Commerzbank is working towards decarbonisation is through its corporate energy strategy. The bank is committed to reducing its energy consumption and increasing its use of renewable energy sources. Commerzbank has implemented several energy efficiency measures across its operations, including the installation of energy-efficient lighting and HVAC systems, the use of renewable energy sources, and the implementation of energy management systems.

Commerzbank is also actively involved in the corporate power purchase agreement (PPA) market. PPAs are long-term contracts between renewable energy generators and corporate buyers, which provide a stable revenue stream for renewable energy projects. Commerzbank has signed several PPAs with renewable energy generators, which has helped to support the development of new renewable energy projects.

In addition to its own efforts to reduce its carbon footprint, Commerzbank is also supporting its customers in their efforts to transition to a low-carbon economy. The bank offers a range of financing solutions for renewable energy projects, including wind, solar, and biomass. Commerzbank also provides advisory services to help its customers navigate the complex regulatory and financial landscape of the renewable energy sector.

Commerzbank is committed to promoting sustainable finance and has developed a range of sustainable finance products and services. The bank offers green bonds, which are used to finance environmentally friendly projects, and sustainable investment funds, which invest in companies that meet certain environmental, social, and governance (ESG) criteria.

Commerzbank is also a signatory to the United Nations Principles for Responsible Banking. The principles provide a framework for banks to align their strategies with the goals of the Paris Agreement and the United Nations Sustainable Development Goals. Commerzbank has committed to aligning its business strategy with the principles and to reporting on its progress towards meeting its commitments.

Commerzbank has received several awards and recognitions for its sustainability efforts. In 2020, the bank was named as one of the world's most sustainable companies by Corporate Knights, a Canadian media and research company. Commerzbank was also included in the Dow Jones Sustainability Index for the sixth consecutive year.

In conclusion, Commerzbank AG is a leading financial institution in Germany that is committed to promoting sustainable finance and decarbonisation. The bank has set ambitious targets to reduce its own carbon footprint and support its customers in their efforts to transition to a low-carbon economy. Commerzbank is actively involved in the corporate PPA market and has signed several PPAs with renewable energy generators. The bank offers a range of financing solutions for renewable energy projects and has developed a range of sustainable finance products and services. Commerzbank is a signatory to the United Nations Principles for Responsible Banking and has received several awards and recognitions for its sustainability efforts.