Kfw
KfW Bankengruppe, commonly known as KfW, is a prominent development bank headquartered in Frankfurt, Germany. Established in 1948, KfW has played a pivotal role in financing sustainable development, innovation, and infrastructure projects across Germany and internationally. The bank operates primarily in the financial services industry, focusing on areas such as economic development, environmental sustainability, and social infrastructure. KfW offers a range of unique financial products and services, including low-interest loans and grants aimed at fostering entrepreneurship and supporting small to medium-sized enterprises (SMEs). With a strong market position, KfW is recognised for its commitment to promoting economic growth and environmental protection, making it a key player in the European development banking sector. Notable achievements include significant contributions to renewable energy financing and support for international development initiatives.
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 33 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Kfw's reported carbon emissions
In 2023, KfW reported total carbon emissions of approximately 17.3 million tonnes CO2e. This figure includes 2.99 million tonnes from Scope 1 emissions, 1.24 million tonnes from Scope 2, and a significant 12.9 million tonnes from Scope 3 emissions, primarily attributed to business travel. Over the years, KfW has demonstrated a fluctuating trend in emissions. In 2022, total emissions were about 10.8 million tonnes CO2e, with Scope 1 at 4.59 million tonnes, Scope 2 at 1.35 million tonnes, and Scope 3 at 4.76 million tonnes. This indicates a notable increase in emissions from 2022 to 2023. KfW has not publicly committed to specific reduction targets or initiatives as part of their climate strategy, nor have they reported any targets under the Science Based Targets initiative (SBTi) or other frameworks. The absence of defined reduction goals suggests a need for further development in their climate commitments. Overall, KfW's emissions data highlights the importance of addressing their carbon footprint, particularly in Scope 3 emissions, to align with global climate action efforts.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 5,095,000 | 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 | 1,097,000 | 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 | 7,394,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Kfw is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
