Kfw
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 69% 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, which include significant contributions from purchased goods and services (about 54,833,000 kg CO2e), employee commute (approximately 7,833,000 kg CO2e), and business travel (around 5,860,000 kg CO2e). In 2023, KfW's total emissions were about 17,266,000 kg CO2e, with Scope 1 emissions at 2,987,000 kg CO2e, Scope 2 emissions at 1,235,000 kg CO2e, and Scope 3 emissions primarily from business travel at approximately 12,913,000 kg CO2e. The previous year, 2022, saw total emissions of around 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 sites, particularly through the implementation of the "Sustainable Energy Supply" project at its Bonn location. KfW's emissions data is not cascaded from any parent organisation, and all reported figures are derived directly from KfW's own disclosures. The organisation actively participates in climate initiatives, including CDP reporting, to enhance its sustainability efforts.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 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 | 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 | 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 participating in any of the initiatives that 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.
