Commerzbank Chief Executive Confronted with the Dirty Profits Report

In a recent interview with the Frankfurter Rundschau, Frank Annuscheit, Commerzbank’s Chief Operating Officer and head of the Bank’s Environmental Committee, promoted the bank’s progressive turn towards “green” policies aimed at making the bank more sustainable and environmentally friendly. However, when confronted with the findings of the Dirty Profits report – which outline the bank’s financial involvement with controversial companies known for extensive human rights and environmental damages (e.g., Glencore, Anglo American, and Gazprom) – the executive cited bank-client confidentiality, stating only that the bank monitors such investments closely.

Read the full interview here. (German only)

More about Commerzbank’s investments here.

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