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 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 27 is higher than 69% 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 17,266,000 kg CO2e. This figure includes 2,987,000 kg CO2e from Scope 1 emissions, 1,235,000 kg CO2e from Scope 2 emissions, and a significant 12,913,000 kg CO2e from Scope 3 emissions, primarily attributed to business travel. Over the years, KfW's emissions have fluctuated. In 2022, total emissions were about 10,820,000 kg CO2e, with Scope 1 at 4,585,000 kg CO2e, Scope 2 at 1,353,000 kg CO2e, and Scope 3 at 4,758,000 kg CO2e. The highest recorded emissions were in 2017, reaching approximately 15,278,000 kg CO2e. Despite these figures, KfW has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments within the organisation.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2015 | 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.
