This page contains an overview of legal notices and further information and documents on Commerz Real AG. There are also documents and references to the subsidiaries Commerz Real Kapitalverwaltungsgesellschaft mbH, Commerz Real Fund Management S. à r. l. and Commerz Real Investmentgesellschaft mbH. If you have any questions, please use the contact form.
The use of the Commerz Real AG websites, including the linked websites of the subsidiaries and associated companies, is subject to the following provisions:
1. Group of persons addressed
The information on these web pages is intended exclusively for use by persons with their registered office and residence in the Federal Republic of Germany. Commerz Real AG does not guarantee that the information is suitable or usable for use by persons domiciled or residing in other countries or that it complies with the laws of these countries.
2. No advice or contract offer
The use of the website does not constitute a consultation or information contract between the user and Commerz Real AG. The information provided, including the results of the calculation options provided (e.g. return on investment calculator), does not constitute individual advice or an offer to conclude a contract and cannot replace a consultation tailored to the specific needs of the individual. An investment decision can only be made on the basis of the information in the relevant Prospectus and should be made after in-depth consultation with a financial and tax advisor.
3. Limitation of liability
a. Liability for content Despite careful compilation of the available information, Commerz Real AG does not guarantee its completeness, correctness, up-to-date status or availability. Insofar as content is made available by third parties, their opinion may not be shared by Commerz Real AG. Estimates and valuations reflect the opinion of the respective author and may have changed since the content was drafted. The facts presented in connection with product information are for illustration purposes only and cannot be used to make any statements concerning future performance. Commerz Real AG assumes no responsibility for measures taken on the basis of the information provided. Commerz Real AG reserves the right to change, supplement or delete the information provided without notice.
b. Liability for links Insofar as these websites link directly or indirectly to third-party websites via so-called links, Commerz Real AG assumes no liability for the content of these websites. No illegal content was identified on the corresponding linked pages before the link was created. Commerz Real AG has no influence on the current and future content of the linked pages and hereby expressly distances itself from all content that has been changed after the link was created. Commerz Real AG does not take ownership of opinions or assertions of fact published there by placing a link, unless otherwise explicitly stated for the link. In particular, Commerz Real AG also assumes no responsibility for the content of websites from which links are made to its websites.
c. Scope of the disclaimer Commerz Real AG is not liable for material or intangible damages arising directly or indirectly from the use of these websites. The exclusion of liability does not apply in the event of intentional or grossly negligent breaches of duty as well as in the event of damage resulting from injury to life, body or health, which is based on an intentional or negligent breach of duty by Commerz Real AG. A fault of the vicarious agent of Commerz Real AG is equivalent to that of Commerz Real AG.
4. Copyright and trademark rights
The content and structure of the websites are protected by copyright and, where applicable, by other industrial property rights. Duplication, dissemination, modification or use of contractual templates, graphics, Image material, texts, audio or video sequences, in particular in other electronic or printed publications, even in part, is not permitted without the prior written consent of Commerz Real AG. Downloads and copies of the information provided are only permitted for private use, not for commercial purposes. The content of this website is subject in part to the copyright of third parties.
5. Validity clause, Applicable law
This “disclaimer” is to be regarded as part of the website from which it was referenced. The disclaimer shall apply accordingly to any liability of the subsidiaries and affiliates of Commerz Real AG in connection with the websites. If parts or individual wordings do not, no longer or not fully reflect the applicable legal situation, the content and validity of the remaining parts of the disclaimer remain unaffected.
All legal disputes arising from or in connection with this website are subject exclusively to the law of the Federal Republic of Germany.
Commerz Real AG, as the data protection controller for this website, takes the protection of personal data very seriously and observes the rules of data protection. Personal data is only collected on these websites to the extent necessary. Under no circumstances will the data collected be passed on to third parties without your knowledge or without legal grounds. The following statement gives you an overview of which data Commerz Real AG collects for which purposes during your visit to its websites and how it is used.
I. General information on data processing
1. Scope of personal data processing
We only collect and use personal data of our users only insofar as this is necessary for the provision of a functional website as well as our contents and services. The collection and use of the personal data of our users is normally only carried out with the user's consent. An exception applies in cases where it is not possible to obtain prior consent for factual reasons and the processing of the data is permitted by statutory provisions.
2. Legal basis for processing personal data
If we obtain the data subject’s consent for the processing of personal data, Art. 6(1)(a) of the EU General Data Protection Regulation (GDPR) applies as the legal basis for the processing of personal data.
When processing the personal data required for the performance of a contract to which the data subject is a party, Art. 6(1)(b) GDPR applies as the legal basis. This also holds for processing necessary for the implementation of pre-contractual measures.
If it is necessary to process personal data to fulfil a legal obligation to which our company is subject, Art. 6(1)(c) GDPR applies as the legal basis.
In the event that the vital interests of the data subject or another natural person require personal data to be processed, Art. 6(1)(d) GDPR applies as the legal basis.
If processing is necessary to safeguard a legitimate interest of our company or a third party and the interests, fundamental rights and freedoms of the data subject do not outweigh the first-mentioned interest, Art. 6(1)(f) GDPR applies as the legal basis for processing.
3. Data deletion and storage period
The data subject’s personal data will be deleted or blocked as soon as the purpose for retaining the data no longer applies. Personal data may also be stored if provided for by the European or national legislator in EU regulations, laws or other regulations to which the controller is subject. The data shall also be blocked or deleted if a retention period prescribed by the aforementioned regulations lapses, unless there is a requirement for the data to be stored for a longer period for the purpose of concluding or performing a contract.
II. Provision of the website and creation of log files
1. Description and scope of data processing
Every time one of our web pages is accessed, our system automatically collects data and information from the system of the computer accessing the web page.
The following data is collected in this process:
Browser type/version,
Operating system used,
name and URL of the file accessed,
referrer URL (the previously visited page),
host name of the accessing computer (IP address),
date and time of the server request.
The data is also stored in our system log files. This data is not stored together with other personal data of the user.
2. Legal basis for data processing
The legal basis for the temporary storage of data and log files is Art. 6(1)(f) of the General Data Protection Regulation (GDPR).
3. Purpose of data processing
The temporary storage of the IP address by the system is necessary to enable delivery of the website to the user’s computer. To do this, the user’s IP address must be stored for the duration of the session. It is stored in log files to ensure the functionality of the website. The data is also used to optimise the website and to ensure the security of our information technology systems. The data will not be evaluated for marketing purposes in this context.
In respect of these purposes, we have a legitimate interest in processing the data pursuant to Art. 6(1)(f) GDPR.
4. Storage duration
The data will be erased as soon as it is no longer necessary to achieve the purpose for which it was collected. If the data is collected for the provision of the website, it is no longer needed when the respective session has ended. If the data is stored in log files, it will be erased after a maximum of seven days. Longer storage periods are possible. In this case, the user’s IP addresses are erased or altered so that the accessing client can no longer be identified.
5. Possibility of objection and rectification
The collection of data for the provision of the website and the storage of the data in log files is absolutely necessary for the operation of the website. Consequently, there is no option for the user to object.
III. Contact
1. Description and scope of data processing
Commerz Real AG offers you the opportunity to obtain information on various questions or to contact us via the website. You can contact Commerz Real AG via the contact form or by calling. As part of the contact process, data such as your first and last name as well as your e-mail address or telephone number are collected.
Alternatively, contact can be made via the email address provided. In this case, the personal data of the user transmitted with the e-mail is stored.
In this context, the data is not regularly passed on to third parties. The data is used exclusively for processing the conversation. However, if the request relates to the activities of Commerz Real AG or its subsidiaries, associated companies or companies managed by it and this is necessary for efficient processing of the request, your data may also be passed on to the company concerned.
2. Legal basis for data processing
If consent has been obtained from the user, the legal basis for the processing of data is Art. 6(1)(a) of the General Data Protection Regulation (GDPR).
The legal basis for the processing of data transmitted in the course of sending an e-mail is Art. 6(1)(f) GDPR. If the intention of making contact is to conclude a contract, the additional legal basis for the processing is Art. 6(1)(b) GDPR.
3. Purpose of data processing
The processing of personal data from the input screen serves us solely to process the contact. In the event of contact by e-mail or telephone, this is also the necessary legitimate interest in the processing of the data.
4. Storage duration
The data will be erased as soon as it is no longer necessary to achieve the purpose for which it was collected. For the personal data from the input screen of the contact form and those sent by e-mail, this is the case when the respective conversation with the user has ended. The conversation is ended when it can be seen from the circumstances that the matter in question has been finally clarified.
5. Possibility of objection and rectification
The user has the option of withdrawing their consent to the processing of personal data at any time. If the user contacts us by e-mail, they can object to the storage of their personal data at any time. In such a case, the conversation cannot be continued. In this case, all personal data stored in the course of making contact will be erased.
IV. Use of cookies
1. Description and scope of data processing
Our web pages use cookies in several places. Cookies are small text files that are stored on your computer and saved by your browser. They are used, for example, to determine the frequency of use and the number of users of the web pages and thus make the website more user-friendly and effective. “Session cookies”, which are temporarily stored exclusively for the duration of your use of the web pages and then automatically deleted, as well as “persistent cookies” where applicable, are used. The content of a persistent cookie is limited to an identification number in order to record information about users who repeatedly access a web page, recognise you as a user and, if necessary, offer you optimised user guidance. Cookies do not cause any damage to your computer and do not contain viruses. You can prevent cookies from being stored by means of a setting in your browser preferences. If you do not accept cookies, this may restrict the functionality of the web pages.
We use cookies on our website to enable analysis of users’ browsing behaviour.
The following data can be transmitted in this way:
Entered search terms
Devices
Frequency of page views
Page retention time
Use of website functions
The user data collected in this way is pseudonymised by technical measures. As a result, it is no longer possible to assign the data to the calling user. The data is not stored together with other personal data of the users.
When visiting our website, users are informed by an information banner about the use of cookies for analysis purposes and are referred to this privacy policy. In this context, there is also a note on how the storage of cookies can be prevented in the browser settings.
2. Legal basis for data processing
The legal basis for the processing of personal data using cookies is Art. 6 para. 1 letter f GDPR.
3. Purpose of data processing
The use of analysis cookies is for the purpose of improving the quality of our website and its content. The analysis cookies allow us to learn how the website is used and thus to continually optimise our offering.
The following cookies may be used on our websites:
Name
Provider
Expiration
Purpose
Adform cookie
site.adform.com
Campaign duration - up to 30 days
_ga
google.com
2 years old
Used to distinguish users
_gid
google.com
24-hour period
Used to distinguish users
_gat
google.com
1 minute
Used to throttle the request rate
AMP_TOKEN
google.com
30 seconds to 1 year
Used to retrieve the client ID
_gac_<property-id>
google.com
90 days
Contains campaign related information for the user
__utma
google.com
2 years old
Used to distinguish between users and sessions
__utmt
google.com
Ten minutes
Used to throttle the request rate
__utmb
google.com
30 minutes ago
Used to determine new visitors/sessions
__utmc
google.com
Session
Used to determine if the user was in a new session/visit
__utmz
google.com
Six months
Stores the access source or campaign that explains how the user reached the website
__utmv
google.com
2 years old
Used to store custom variable data at visitor level
Our legitimate interest in the processing of personal data pursuant to Art. 6 para. 1 letter f GDPR.
4. Duration of storage, possibility of objection and deletion
Cookies are stored on the user’s computer and transmitted to our website by the user. As a user, you therefore also have full control over the use of cookies. By changing the settings in your Internet browser, you can deactivate or restrict the transmission of cookies. Cookies that have already been stored can be deleted at any time. This can also be done automatically. If cookies are deactivated for our website, it may no longer be possible to use all the functions of the website to their full extent.
V. Web tracking
On our websites, data in pseudonymized form is collected and stored by web controlling technologies exclusively for optimisation purposes. This data is used to create usage profiles under a pseudonym. Cookies can also be used for this purpose, but they only collect and store data in an anonymous form. The data will not be used to personally identify the visitor to this website and will not be merged with data about the anonymized user. You have the option of configuring your browser so that you are notified as soon as cookies are placed in order to reject them if necessary. In addition, you can prevent the installation of cookies by setting your web browser accordingly. However, you may then no longer be able to use all the functions of this website to their full extent. No personal data is stored. A user’s IP address is rendered unidentifiable and does not allow any conclusions to be drawn about the visitors to this website. The legal basis for data processing is the legitimate interest of Commerz Real AG pursuant to Art. 6 para. 1 letter f GDPR. Insofar as personal data is processed, your consent pursuant to Art. 6(1)(a) GDPR constitutes the legal basis.
Manage tracking services:
The following tracking services are currently in use:
Deactivate the use of Google Analytics Google Analytics
More information on the use of tracking technologies can be found below.
Use of Google Analytics
Our website uses Google Analytics, a web analysis service provided by Google Inc. Google Analytics uses so-called “cookies”, text files that are stored on your computer and that allow an analysis of your use of the website. The information generated by the cookie about your use of this website is generally transmitted to a Google server in the US and stored there. On our website, we use the code extension “anonymizeIp”, which is used to activate IP anonymisation on this website. However, by using this extension, your IP address will be shortened beforehand by Google within member states of the European Union or in other states party to the Agreement on the European Economic Area.
Google will only use this information on our behalf for the purpose of evaluating your use of the website, compiling reports on website activity for website operators and providing other services relating to website activity and internet usage. The shortened IP address transmitted by your browser for the purpose of Google Analytics is not combined with other data from Google. You can prevent the storage of cookies by setting your browser software accordingly. However, we would like to point out that if you do so, it may not be possible for you to use all the functions of this website to their full extent.
You can prevent the collection by Google Analytics by clicking on the following link Deactivate Google Analytics. An opt-out cookie will be set which prevents the future collection of your data when you visit this website.
Further information can be found in Google’s privacy policy.
Use of the Microsoft Dnyamics 365 marketing tool
On this website, we use Microsoft Dynamics 365 for Marketing from Microsoft Corporation for optimal communication with prospects and customers. The servers of Microsoft Corporation, One Microsoft Way, Redmond, WA 98052-6399, USA, are usually located in the EU, but also offer data centres outside the EU. As part of support and administration services, it is possible for Microsoft Corporation employees outside the EU to access user data as part of their contractual services.
However, we have taken precautionary measures to ensure an adequate level of data protection. This is done through agreements in accordance with the EU Standard Contractual Clauses for the transfer of personal data to processors in third countries.
Microsoft Dynamics 365 for Marketing places cookies on our website, which help us to analyse your use of the website and improve the provision of our content. Dynamics 365 for Marketing stores and analyses the frequency of your website visits, what content is of interest to you, and which links you visit. The content of newsletters and advertising content is also adapted to your interests on the basis of this information.
Social Plugins
On our website, we offer the option of using so-called “social plugins” of the companies:
Facebook Inc., 1601 S. California Ave, Palo Alto, CA 94304, USA; Twitter Inc., 795 Folsom St., Suite 600, San Francisco, CA 94107, USA; LinkedIn Corporation, 2029 Stierlin Court, Mountain View, CA 94043, USA; YouTube LLC 901 Cherry Ave, San Bruno, CA 94066. USA; When implementing plugins, we also use the “Shariff” solution, which serves to protect your data and avoids data collection when you visit the website. The plugins are only displayed on our website as graphics that allow a link to the website of the social plugin provider. This avoids direct data transfer to these providers. By actively clicking on the graphic, you are forwarded to the corresponding services and only then is your data sent to the social networks mentioned above.
Read more about the Shariff solution here.
Safety
Commerz Real AG cannot guarantee the security of data transmission on the Internet. E-mail messages are not encrypted. Interception by third parties cannot be ruled out. It is therefore recommended that confidential information be sent by post only.
Rights and Complaints
You have the following rights with regard to the data concerning you:
Right to information,
Right to rectification or erasure,
Right to restriction of processing,
Right to withdraw your consent,
Right to object to processing,
Right to data portability.
To assert your rights, please contact the data protection officer of Commerz Real AG: Data Protection Officer(at)commerzreal.com.
You also have the right to lodge a complaint with a data protection supervisory authority about our processing of your personal data.
VI. Our social media presence
1. Scope of data collection and storage
Data generated by user interactions such as posts, likes, etc. are used for the purpose of processing user communications via social media. Cookies, demographic data (e.g. based on age, place of residence, language or gender), Statistical data on user interactions in aggregated form, i.e. without personal reference (e.g. page activities, page views, page previews, Likes, recommendations, posts, videos, page subscriptions incl. origin, times of day) serve the purpose of target group advertising.
In order to provide the social media service, e.g. in the form of our Facebook fan pages, on Twitter, LinkedIn, Xing, Kununu, the platform operators generally store cookies on the user’s end device. These include session cookies that are deleted when the browser is closed and persistent cookies that remain on the end device until they expire or are deleted by the user. When a website is visited, a cookie is stored in a text file on the computer. This cookie is then retrieved and read the next time the web server is called up. As a user, you can decide yourself via your browser settings whether and which cookies you want to allow, block or delete. Instructions for your browser can be found here: Internet Explorer, Firefox, Google Chrome, Google Chrome mobile, Microsoft Edge, Safari, Safari mobile. Alternatively, you can also install ad blockers, such as Ghostery.
2. Information about our presence on social media platforms
Facebook
According to information provided by Facebook, its cookies are used for authentication, security, website and product integrity, advertising and measurements, website functions and services, performance as well as analysis and research. Details on the cookies used by Facebook (e.g. names of cookies, duration of service, content collected and purpose) can be viewed here: https://www.facebook.com/policies/cookies/by following the links there. This page also provides details of how to deactivate the cookies used by Facebook. You can also change the settings for your advertising preferences there. You can change your privacy settings using this link: https://www.facebook.com/help/193677450678703?helpref=related
Twitter/X
According to Twitter, the cookies used by Twitter are mainly used for authentication and security purposes, settings, statistics and research, personalised content, advertising and cross-device personalization. For more information about the cookies used by Twitter, in particular how you can personalise your privacy settings, please visit: https://help.twitter.com/de/rules-and-policies/twitter-cookies
LinkedIn
According to Information provided by LinkedIn, its cookies are used for authentication, security, preferences, functions and services, advertising, performance, analytics and research. If you want to find out more about cookies, please see: https://www.linkedin.com/legal/cookie-policy. For more information on how to manage the cookies used, please visit: https://www.linkedin.com/help/linkedin/answer/62931?trk=microsites-frontend_legal_privacy-policy&lang=de
Xing
According to Xing’s own information, the cookiesPixel and similar tracking technologies used by Xing are used to provide the Xing services, to evaluate user behaviour, to measure and optimise advertising and for statistical purposes. In addition, the following information from Xing must be observed in particular: In the case of measurement of user behaviour for the provision and improvement of the product experience, the data is linked to the respective user ID during analysis. Rough geo-localization may also occur. If you want to find out more about cookies, please see: https://privacy.xing.com/en/privacy-policy/information-we-automatically-receive-on-the-basis-of-your-use-of-xing; https://privacy.xing.com/en/privacy-policy/information-we-receive-automatically-on-the-basis-of-your-use-of-xing/how-tracking-does-you-find-information-on-how-you-can-adjust-your-tracking-settings-at: https://privacy.xing.com/de/datenschutzerklaerung/informationen-die-wir-auf-grund-ihrer-nutzung-von-xing-automatisch-erhalten/tracking-in-eingebundenen-fremdinhalten
Kununu
Kununu is a subsidiary of Xing. The website provides a link for responsibility and data protection to the Xing website https://privacy.xing.com/de/datenschutzerklaerung. For this reason, reference can be made here to the statements made about XING.
3. Possibilities to object
You can also object to the collection and storage of data arising from the use of the above-mentioned social media platforms’ cookies at any time with future effect by following the opt-out link (for the providers listed there): http://www.youronlinechoices.com/de/praferenzmanagement/.
You can manage your preferences with regard to usage-based online advertising via this link. If you object to usage-based online advertising from a specific provider with the help of the preference manager, this only applies to the specific business data collection via the web browser currently in use. Preference management is cookie-based. Deleting all browser cookies will also delete the preferences you have set in the preference manager.
4. Note on Facebook Insights
We use the Facebook Insights function for statistical evaluation purposes. In this context, we receive anonymised data on the users of our Facebook fan page. It does not allow us to identify you personally. For more information, please see Facebook’s Cookie Policy.
5. Youtube
We would like to provide you with a broad range of multimedia information. For this reason, we bind videos from YouTube (YouTube LLC, 901 Cherry Ave. San Bruno, CA 94066 USA).
The videos are integrated in extended data protection mode or by using the no-cookie solution, meaning that cookies and pixel tags are only set by YouTube to personalise advertising and search results once the video has been played.
When the YouTube video is played, the following data is transmitted to Google as the YouTube operator:
the IP address, the specific address of the page accessed by us, the transmitted identifier of the browser and System date and time of the call, cookies already present that can be used to uniquely identify your browser. Google, as the operator of YouTube, is solely responsible for processing this data. You can find more information on this here.
Please note that Google may receive further data about cookies already stored by you. The extent to which these are used by Google is beyond our control.
You can find YouTube’s privacy policy here.
6. Disclosure and use of personal data
Platform operators
If you interact within the framework of the social media platform, the respective platform operator will of course also have access to your data. Your data can therefore be accessed by: Twitter, Inc., 1355 Market Street #900, San Francisco, California 94103, USA; Facebook Inc., 1601 Willow Road, Menlo Park, California 94025, USA; LinkedIn Corporation, 1000 W. Maude Avenue, Sunnyvale, CA 94085, USA; owned by Google LLC, 1600 Amphitheatre Parkway, Mountain View, CA 94043, USA-operated YouTube; XING SE, Dammtorstraße 30
20354 Hamburg, Germany
The platform operators may be located in a third country.
For international data transfers to countries outside the European Union or the European Economic Area, the GDPR provides for additional requirements, Art. 44 - 49 GDPR. In the case of such third country transfers, it must always be ensured that an adequate level of protection exists in the recipient’s respective third country with regard to the personal data transferred. Companies can ensure this level in various ways. If the EU Commission has determined by an adequacy decision that a specific third country generally guarantees the required adequate level of protection, companies may transfer data there without further delay (a list of appropriate third countries is available here. In the absence of such a decision for the recipient third country concerned, a transfer to that third country may only take place if the exporting company actively implements safeguards. This includes, in particular, the standard contractual clauses adopted by the EU Commission. By concluding these agreements, the company importing the data in the third country is contractually obliged to the EU company to use the transferred data in accordance with certain EU data protection standards. The companies must conclude these clauses with unchanged content. You can find information on the EU standard contractual clauses here.
VII. Person responsible
The controller as defined by the General Data Protection Regulation and other national data protection laws of the member states as well as other data protection provisions is:
Commerz Real AG Friedrichstrasse 25 65185 Wiesbaden, Germany E-mail: cr@commerzreal.com
Integrity is one of the guiding principles of our business. Behaviour that complies with laws and regulations is the basis for the trust that customers, investors, partners, society and employees place in the Commerz Real Group - this trust is our most important asset for the future viability and competitiveness of our business.
The Compliance Principles (Code of Conduct) define minimum standards and provide employees throughout the Commerz Real Group with a framework for correct and morally sound conduct in their daily work.
In its corporate values, the Commerz Real Group is committed to acting with integrity when interacting with each other and with its customers. We are therefore strongly committed to both preventing and punishing misconduct. This also means that we are open to reports that lead to the investigation of economic criminal acts and violations of legal, regulatory or internal requirements in connection with the Commerz Real Group.
In addition to the usual contact channels, such as the Compliance or Audit departments, the Commerz Real Group has set up a Business Keeper Monitoring System (BKMS system), a platform which customers, employees and third parties can use to provide information to the Commerz Real Group online.
If you would like to report suspected wrongdoing via this system, you can do so either by providing your name or you can submit a report anonymously. However, as we seek open communication with customers, employees and third parties, we encourage you to use your name when making reports. Whichever option you choose, we will treat your information as strictly confidential and will take into account the legitimate interests of all parties involved to the extent permissible by law.
Please create a mailbox in the BKMS system so that we can contact you if any questions arise or to add further information to your report at a later date. Communication via the mailbox can also be anonymous, if desired.
The purpose of the system is exclusively to draw attention to suspected economic criminal acts, violations of the law and violations of regulatory or internal requirements in the Commerz Real Group. Misuse for other purposes may constitute a criminal offence.
If you are responsible for human rights violations and environmental violations within the meaning of the Supply Chain Due Diligence Act
(including but not limited to child/forced labour, occupational safety violations, non-compliance with freedom of association, discrimination, Withholding fair wages, destruction of natural livelihoods, land robbery, misconduct by security forces and manufacturing bans, use and treatment of mercury, persistent organic pollutants and the export of hazardous waste), you can send a message to Commerzbank AG via this link.
The remuneration report contains detailed information on the design of the remuneration systems for the management, managers and employees of the Commerz Real subgroup. It explains the remuneration systems applicable for the 2024 financial year in accordance with the Institution Remuneration Ordinance of 16 November 2022. The remuneration report applies to the following companies of the Commerz Real Group: Commerz Real AG, Commerz Real Investmentgesellschaft mbH, Commerz Real Kapitalverwaltungsgesellschaft mbH, Commerz Real Mobilienleasing GmbH and EuREAM GmbH.
The Compensation Report is also available in paper form free of charge upon request.
In Germany, the statistical pay gap between genders is around 18 percent. Even with the same formal qualifications and work characteristics, this gap is still six percent. According to the Federal Ministry of the Family, this is a clear indication of hidden discrimination against women on the labour market. (see BMFSFJ)
The “Gesetz zur Förderung der Transparenz von Vergütungsstrukturen” (Act to promote transparency of remuneration structures) (EntgTranspG) is intended to enforce the requirement of equal pay for women and men for equal or equivalent work in addition to the General Equal Treatment Act, thus combating direct and indirect discrimination on the basis of gender. For the implementation of this objective at company level, the law provides, among other things, for the publication of a report on equality and equal pay as an appendix to the management report. This publication is intended to fulfil this reporting obligation.
Commerz Real AG ("Commerz Real") is a company of the Commerzbank Group. On the one hand, the company initiates its own measures to promote equality and to achieve equal pay for women and men. On the other hand, Commerz Real participates in many ways in the measures that Commerzbank AG ("Commerzbank") takes to promote equality and equal remuneration.
Commerz Real is a company that is not bound by or does not apply collective agreements and will submit the report pursuant to Section 22 para. 2 EntgTranspG every three years.
You can download the information on "Principles for dealing with conflicts of interest" and "Grants pursuant to Art. 24 of Delegated Regulation (EU) No. 231/2013" of Commerz Real Kapitalverwaltungsgesellschaft mbH, Commerz Real Investmentgesellschaft mbH and Commerz Real Fund Management S.à r.l. here:
Overview of the capital management companies of CR AG
The Taxonomy Regulation and the EU Disclosure Regulation for Financial Market Participants (Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability-related disclosure obligations in the financial services sector) provide for transparency obligations for financial market participants. Please find below the statements of the capital management companies of Commerz Real AG.
Your satisfaction is important to us. Our goal is to offer a high standard of quality and the best possible service. If you are still not satisfied with our service, please let us know.
Depending on the product area, you will find the relevant information on complaint management and contact options here:
The Principles for Responsible Investment (PRI) is an UN financial initiative created with the aim of developing principles for responsible investment management. They reflect the increasing importance of environmental, social and governance (Environmental, Social and Governance = ESG) for investment decisions. More than 4,000 institutional investors have joined the initiative since its launch in 2006. Commerz Real AG signed the PRI in 2020 and thus took into account the special importance of sustainability aspects. By implementing PRI in our sustainable investment approach, we want to actively and transparently promote sustainable business and encourage other market participants to do so.
The PRIs comprise a total of six principles:
Number
Principle
1.
We will include ESG issues in the investment analysis and decision-making processes.
2.
We will be active shareholders and consider ESG issues in our investment policies and practices.
3.
We will encourage companies and entities in which we invest to make appropriate disclosures regarding ESG issues.
4.
We will drive the adoption and implementation of the principles in the investment industry.
5.
We will work together to increase our effectiveness in implementing the principles.
6.
We will report on our activities and progress in implementing the principles.
As a holistic asset manager with a focus on real estate and infrastructure, Commerz Real AG sees responsible investing as a key prerequisite for long-term value creation and social relevance. We believe that environmental, social and corporate responsibility (ESG) is an integral part of a sustainable investment strategy.
You can find out more about this in our Responsible Investment Statement.
