Kfw

KfW, headquartered in Germany and operating in financial intermediation services, demonstrates a commitment to climate action through its emissions reporting and reduction initiatives.

Emissions Data:

• In 2024, KfW reported Scope 1 emissions of approximately 3.9 million kg CO2e, Scope 2 (market-based) emissions of about 2.0 million kg CO2e, and Scope 2 (location-based) emissions of approximately 11.6 million kg CO2e. Scope 3 emissions for this year included:

  • Capital goods: approximately 7.8 million kg CO2e
  • Business travel: about 5.9 million kg CO2e
  • Employee commute: approximately 7.8 million kg CO2e
  • Purchased goods and services: about 54.8 million kg CO2e

• For 2023, KfW reported total emissions of approximately 17.3 million kg CO2e, with Scope 1 emissions at about 3.0 million kg CO2e, Scope 2 emissions at approximately 1.2 million kg CO2e, and Scope 3 business travel emissions totalling roughly 12.9 million kg CO2e.

• Previous years show varying absolute emissions figures:

  • 2022: Total emissions of approximately 10.8 million kg CO2e, including Scope 1 at about 4.6 million kg CO2e, Scope 2 at around 1.4 million kg CO2e, and Scope 3 business travel at approximately 4.8 million kg CO2e.
  • 2021: Total emissions were about 9.2 million kg CO2e, with Scope 1 at approximately 6.6 million kg CO2e, Scope 2 at roughly 1.4 million kg CO2e, and Scope 3 business travel at about 1.2 million kg CO2e.
  • 2020: Total emissions were approximately 8.2 million kg CO2e, comprising Scope 1 at about 5.4 million kg CO2e, Scope 2 at around 1.2 million kg CO2e, and Scope 3 business travel at approximately 1.6 million kg CO2e.
  • 2019: Total emissions stood at about 14.6 million kg CO2e, with Scope 1 at approximately 5.4 million kg CO2e, Scope 2 at about 1.3 million kg CO2e, and Scope 3 business travel at roughly 7.8 million kg CO2e.
  • 2018: Total emissions were approximately 16.2 million kg CO2e, including Scope 1 at about 5.6 million kg CO2e, Scope 2 at roughly 1.9 million kg CO2e, and Scope 3 business travel at about 8.7 million kg CO2e.
  • 2017: Total emissions were around 15.3 million kg CO2e, with Scope 1 at approximately 5.6 million kg CO2e, Scope 2 at about 1.4 million kg CO2e, and Scope 3 business travel at roughly 8.2 million kg CO2e.
  • 2016: Scope 1 emissions were about 5.3 million kg CO2e, Scope 2 at approximately 1.4 million kg CO2e, and Scope 3 at around 7.4 million kg CO2e.
  • 2015: Scope 1 emissions were roughly 5.1 million kg CO2e, Scope 2 at approximately 1.1 million kg CO2e, and Scope 3 at about 7.4 million kg CO2e.
  • 2014: Total emissions were approximately 16.3 million kg CO2e, including Scope 1 at about 4.6 million kg CO2e, Scope 2 at roughly 2.1 million kg CO2e, and Scope 3 business travel at about 9.4 million kg CO2e.
  • 2013: Total emissions were approximately 16.6 million kg CO2e, with Scope 1 at about 5.9 million kg CO2e, Scope 2 at roughly 2.6 million kg CO2e, and Scope 3 business travel at about 8.1 million kg CO2e.
  • 2012: Total emissions were around 13.6 million kg CO2e, including Scope 1 at about 5.1 million kg CO2e, Scope 2 at roughly 0.4 million kg CO2e, and Scope 3 business travel at approximately 8.1 million kg CO2e.

Climate Commitments and Reduction Targets:

KfW has established several climate-related objectives:

• Scope 2 Emissions Reduction: KfW aims to reduce its Scope 2 emissions by 30% by 2030, using 2020 as a baseline.
• Scope 1 Emissions Reduction: Similarly, KfW aims to decrease its Scope 1 emissions by 30% by 2030, also from a 2020 baseline.
• Decarbonisation of Site Energy Supply: The KfW Group is committed to decarbonising the energy supply to its sites by 2030. This involves minimising CO2 emissions and reducing the use of fossil fuels wherever possible. This initiative is expected to achieve an 80% reduction in carbon emissions at its sites.
• Site-Specific Initiatives: As part of the "Climate-neutral Site Plan 2030," KfW has implemented projects such as the "Sustainable Energy Supply" at its Bonn site, targeting an approximate 80% reduction in carbon emissions at that location.
• Energy Efficiency Project: Since 2017, KfW has been upgrading its uninterruptible power supply (UPS) system. This project is expected to result in efficiency gains, reducing power loss and consequently CO2 emissions.

KfW's climate commitments and emissions reporting reflect its dedication to mitigating its environmental impact within the financial intermediation sector.