We recommend Commerzbank apply its policy to all nuclear weapon producers, including companies whose involvement in controversial weapons constitutes only a small part of their activities. We commend Commerzbank for adopting a public policy on nuclear weapons. Ĭommerzbank was also found to have several investments in nuclear weapon producing companies identified by this report, more information can be found in the Hall of Shame. Ĭommerzbank does not publish its exclusion list, which is based on the findings of data provider Sustainalytics. The same applies to orders of such investments through Online-Banking. However, the policy is not applied to passively managed funds and in addition, clients can request the execution of a buying-order of a specific investment that may contain a nuclear weapon producer. The exclusion policy applies to the bank’s commercial banking and investment banking activities, as well as to the investments made on its own account and its actively managed funds. However, if the involvement constitutes only a small part of the company’s businesses, Commerzbank allows investment as long as the bilateral contract specifically states that funds will not be used for any activity that is related to controversial weapons. In principle, this means that Commerzbank excludes all companies that are involved in controversial weapons. ![]() ![]() Īccording to Commerzbank’s policy on the armaments sector, the bank “does not in any circumstances involve itself in transactions related to controversial weapons.” For a definition of controversial weapons, Commerzbank refers to the German War Weapons Control Act, which provides an elaborate definition of nuclear weapons based on the revised Brussels Treaty of 1954. As of 30 September 2017, Commerzbank held €490 billion in total assets. Commerzbank offers banking and capital market services to nearly 18 million private customers and over 60,000 million business and corporate clients. Commerzbank is an international commercial bank with branches in almost 50 countries.
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