Kfw Sustainability Profile
KfW Bankengruppe, commonly known as KfW, is a prominent development bank headquartered in Frankfurt, Germany. Established in 1948, KfW plays a vital role in financing sustainable development and innovation across various sectors, including infrastructure, education, and environmental protection. With a strong presence in Europe and beyond, KfW is dedicated to supporting both public and private initiatives that drive economic growth. KfW's core services encompass project financing, investment grants, and advisory services, uniquely tailored to meet the needs of its clients. The bank is recognised for its commitment to sustainability and social responsibility, positioning itself as a leader in the development banking sector. Notable achievements include significant contributions to renewable energy projects and small business financing, reinforcing KfW's status as a key player in fostering economic resilience and innovation.
DitchCarbon Score
How does Kfw's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Kfw's score of 47 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kfw's reported carbon emissions
In 2024, KfW reported total carbon emissions of approximately 39,170,000 kg CO2e, comprising 3,917,000 kg CO2e from Scope 1, 1,996,000 kg CO2e from Scope 2 (market-based), and 54,833,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from purchased goods and services (54,833,000 kg CO2e), capital goods (7,831,000 kg CO2e), business travel (5,860,000 kg CO2e), and employee commuting (7,833,000 kg CO2e). In 2023, KfW's total emissions were approximately 17,266,000 kg CO2e, with Scope 1 emissions at 2,987,000 kg CO2e, Scope 2 at 1,235,000 kg CO2e, and Scope 3 emissions primarily from business travel at 12,913,000 kg CO2e. The previous year, 2022, saw total emissions of about 10,820,000 kg CO2e, with Scope 1 at 4,585,000 kg CO2e and Scope 2 at 1,353,000 kg CO2e. KfW has set ambitious reduction targets, aiming for a 30% reduction in both Scope 1 and Scope 2 emissions by 2030 from a 2020 baseline. Additionally, the organisation is committed to decarbonising its energy supply by 2030, targeting an 80% reduction in emissions at its Bonn site as part of its climate-neutral Site Plan 2030. These initiatives reflect KfW's commitment to sustainability and reducing its carbon footprint in alignment with global climate goals.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 5,119,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 371,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 8,062,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Kfw's Industry?
How Carbon Intensive is Kfw's Location?
Kfw's Scope 3 Categories Breakdown
Kfw's Scope 3 emissions, which increased by 491% last year and increased by approximately 847% since 2012, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 72% of Scope 3 emissions.
Top Scope 3 Categories
Kfw's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Kfw has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
