Commerzbank

"Commit to action is a platform of the non-governmental organisations CDP and „We mean Business“ to coordinate various climate change initiatives. Commerzbank participates in three of them: [...] Commit to remove commodity-driven deforestation from all supply chains by 2020." "Deforestation can threaten endangered plant and animal species and accelerate climate change."

"It is our legal obligation and part of our social responsibility to use our taxes to help finance public budgets. For this reason alone, we reject any form of tax evasion (regardless of the violation of the law), be it with our customers, with ourselves as a company or with our business partners. This includes that we do not tolerate incitement to / aiding and abetting tax evasion. It is illegal to use our products, services or any other service - whether internal or external - to support or encourage tax evasion by another person. Compliance with the applicable laws to combat tax evasion and other tax crimes in the markets and legal systems in which we operate is our top priority. We expect the same from our employees, customers and business partners. We also gear our behavior towards avoiding tax offenses. In addition, we do not support customers with “tax avoidance”, the result of which runs counter to the intention of the respective law. We also pay attention to this when it comes to product innovations. As a bank, we design these in a tax-compliant manner."

"Commerzbank reports annually on developments and improvements in the field of human rights in its UN Global Compact progress report, which is published in the Corporate Responsibility Report. This position on human rights is continuously reviewed and updated. The current position and information on other positions and policies of Commerzbank can be found on our website."

"The front office checks whether one of the sensitive areas defined by Commerzbank is involved. If that is the case, the product, transaction or business relationship in question must be Group Communications February 2020 | Page 3 presented to the Reputational Risk Management department. It conducts an intensive investigation of potential environmental and social risks that may be associated with potential or existing business partners or the business activity, drawing on information and reports from NGOs and analysts as well as media reports and company publications. This is followed by a comprehensive analysis that concludes with a differentiated assessment. Environmental and social risks are evaluated on a five-point scale (no, low, average, significant, high), potentially resulting in the product, transaction or business relationship being rejected outright. Whenever the department identifies a significant reputational risk in its assessment, the respective Member of the Divisional Board is informed. In cases of high reputational risks, the matter may be escalated to the Group Board of Managing Directors."