Kfw

Kfw's reported carbon emissions

KfW, headquartered in Germany and operating in Financial intermediation services (except insurance and pension funding), has disclosed its carbon emissions and climate commitments. **Carbon Emissions Data:** In **2024**, KfW reported the following emissions: * Scope 1: Approximately 3.92 million kg CO2e * Scope 2 (Market-based): Approximately 2.00 million kg CO2e * Scope 2 (Location-based): Approximately 11.63 million kg CO2e * Scope 3 emissions include: * Capital goods: Approximately 7.83 million kg CO2e * Business travel: Approximately 5.86 million kg CO2e * Employee commute: Approximately 7.83 million kg CO2e * Purchased goods and services: Approximately 54.83 million kg CO2e In **2023**, KfW's total emissions were approximately 17.27 million kg CO2e. This comprised: * Scope 1: Approximately 2.99 million kg CO2e * Scope 2: Approximately 1.24 million kg CO2e * Scope 3 (Business travel): Approximately 12.91 million kg CO2e Earlier years show varying total emissions, with Scope 1 and Scope 2 accounting for significant portions, and Scope 3 data primarily from business travel in earlier reports. For instance, in **2022**, total emissions were approximately 10.82 million kg CO2e, with Scope 1 at about 4.59 million kg CO2e, Scope 2 at about 1.35 million kg CO2e, and Scope 3 (Business travel) at about 4.76 million kg CO2e. **Climate Commitments and Reduction Initiatives:** KfW has established several climate-related targets. The institution aims to: * Reduce Scope 1 emissions by 30% by 2030, using a 2020 baseline. * Reduce Scope 2 emissions by 30% by 2030, also from a 2020 baseline. * Decarbonise the energy supply to its sites by 2030, with an objective to reduce CO2 emissions as far as possible and avoid fossil fuels. This initiative is expected to result in an approximately 80% reduction in emissions at its sites. This includes the implementation of the “Sustainable Energy Supply” project at the Bonn site. While specific emission reduction achievements are not detailed for all years, KfW's stated commitments demonstrate a strategic approach to reducing its environmental footprint.