Kfw

KfW, a German financial intermediation services company, reported total emissions of approximately 93,607,000 kg CO2e in 2024. This figure includes Scope 1 emissions of 3,917,000 kg CO2e, Scope 2 market-based emissions of 1,996,000 kg CO2e (or 11,627,000 kg CO2e location-based), and Scope 3 emissions of 78,367,000 kg CO2e. Key Scope 3 contributors were purchased goods and services (54,833,000 kg CO2e), employee commute (7,833,000 kg CO2e), capital goods (7,831,000 kg CO2e), and business travel (5,860,000 kg CO2e).

Looking back, KfW's total emissions were approximately 17,266,000 kg CO2e in 2023, 10,820,000 kg CO2e in 2022, 9,184,000 kg CO2e in 2021, and 8,218,000 kg CO2e in 2020. Historical data from 2019 to 2012 shows total emissions ranging from approximately 13,552,000 kg CO2e to 16,592,000 kg CO2e.

KfW is committed to climate action with several reduction targets. The company aims to reduce its Scope 1 emissions by 30% by 2030 from a 2020 baseline and its Scope 2 emissions by 30% by 2030 from a 2020 baseline. Furthermore, KfW Group intends to decarbonise the energy supply to its sites by 2030, striving to reduce Scope 1 and Scope 2 CO2 emissions as much as possible and eliminate the use of fossil fuels where feasible. This includes a project at its Bonn site, part of the Climate-neutral Site Plan 2030, aiming for an approximately 80% reduction in Scope 1 and Scope 2 carbon emissions. From 2017 to 2019, KfW also implemented a project to exchange part of its uninterruptible power supply system, expecting efficiency gains of 220 MWh of electricity per year due to reduced power loss, impacting Scope 1 and Scope 2.