KfW Sustainability Report 2019 focuses on climate protection
News from 2020-06-30 / Group, Sustainability
Following the publication of the non-financial mandatory report in accordance with the German Commercial Code (HGB) and the standards of the Global Reporting Initiative (GRI) at the end of April, KfW Group today publishes its entire sustainability report for 2019. The online report can be found in the KfW Sustainability Portal.
Focus on climate
The report is split into three sections: We discuss the effects of climate change, open up discourse on internal sustainability management and provide data on sustainability in accordance with GRI, HGB and TCFD.
“Discourse”, for example, includes the KfW Sustainable Finance Roadmap, which will be completed in 2020, in the form of an interview with Sven Wabbels, Director of Corporate Strategy and Sustainability. Further texts focus on the topics of strategy and management, stakeholder involvement, climate risks and human rights due diligence. Topics from the mandatory report are set out here in an appealing form for a wide range of target groups.
Under “Dialogue”, KfW offers an online magazine on sustainability. The main focus is on the consequences of climate change. This includes the question of what options mankind has to react to climate change and which strategies and measures KfW Group is pursuing. The editorial team also spoke to external experts, as well as with those responsible at KfW. Dr Günther Bräunig, CEO of KfW Group, explains in a short interview how KfW is positioning itself to face the challenges of climate change.
With the "Sustainability Report 2019: Data according to GRI, HGB and TCFD" published on 28 April 2020, KfW Group implemented external and mandatory reporting standards. As a novelty compared to previous years, it also contains a twelve page report based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), which provides information on how to deal with business climate risks. A formal report on the implementation of the Federal Government's National Action Plan on Human Rights (NAP) is also included.