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Climate-damaging lending: Why Commerzbank fails to meet its sustainability targets

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Published: May 2nd, 2024,
Last updated: May 28th, 2025

Commerzbank in Frankfurt am Main: Business is again booming, and the climate is suffering.

The financial figures that CEO Manfred Knof announced at Commerzbank’s virtual Annual General Meeting on Tuesday were well received by shareholders: Profits climbed by around 60 percent year-on-year to 2.2 billion euros, while return on equity was 7.7 percent. Thanks to its rigorous restructuring course, the long-troubled bank is back on a firm footing.

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Finanzmarkt Pariser Klimaabkommen