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Commerzbank aims for “net zero” credit and investment portfolio by 2050 – Metro US

Commerzbank aims for “net zero” credit and investment portfolio by 2050

FILE PHOTO: Commerzbank AG annual results news conference in Frankfurt
FILE PHOTO: Commerzbank AG annual results news conference in Frankfurt

FRANKFURT (Reuters) – Commerzbank said on Friday that its credit and investment portfolio would be “net zero” for carbon emissions by 2050.

It also said it would triple its sustainable financing business to around 300 million euros by the end of 2025 compared with the end of last year.

(Reporting by Tom Sims and Matthias Inverardi; Editing by Tomasz Janowski)