Commerzbank AG | Chair election - Daniela Mattheus

Status
Filed
AGM date
Resolution details
Company ticker
CBK:GR
Submitted by
ShareAction
Resolution ask
Strengthen board oversight of issue
ESG theme
  • Environment
ESG sub-theme
  • Fossil fuel financing
Type of vote
Director vote
Filer type
Management
Company sector
Financials
Company HQ country
United Kingdom
Supporting materials
  • Director-Voting-Research-Note_Commerzbank.pdf Download
Supporting statement
VOTE RECOMMENDATION: Ratification of actions by Daniela Mattheus……………AGAINST
While Commerzbank’s updated ESG Framework (November 2025) strengthens its strategy in certain areas, these improvements have come at the cost of critical protections the bank previously had in place for managing climate risks. Overall, we believe the bank’s policies on oil, gas, and coal are weaker today than they were previously, undermining the bank’s climate strategy and its management of environmental and transition risk. These reversals signal a governance failure by the bank’s supervisory board, where directors have a responsibility to diligently exercise oversight of climate risks in order to safeguard long-term shareholder value. On this basis, we recommend voting against the ratification of the actions of the following Supervisory Board members: Dr Jens Weidmann (Chairman) and Daniela Mattheus (Chairwoman of the Environmental, Social and Governance Committee). These actions are deemed necessary to restore confidence in the board’s oversight of climate risk and Commerzbank’s transition strategy.

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