KfW presents SDG mapping of its new commitments for 2019
Press Release from 2020-03-09 / Group, Sustainability
- Over EUR 28 billion for “climate action measures”: KfW is one of the key supporters of the Paris climate targets
- Global pioneer for standardised SDG mapping
- High level of international interest in KfW SDG mapping
Today KfW publishes the results of its group-wide SDG mapping of new commitments for 2019. To make clear which contribution the newly committed KfW financings made to the individual UN Sustainable Development Goals, KfW has developed a standardised mapping method: using 1,500 indicators KfW determines on an annual basis to which SDGs its new commitments can be assigned. This makes the contribution transparent, both at group and business sector level.
The assignment of the individual new commitments in 2019 to the Sustainable Development Goals shows the following priority areas of financing:
- SDG 11: Sustainable Cities and Communities (approx. EUR 29.0 billion)
- SDG 13: Climate Action (approx. EUR 28.2 billion)
- SDG 8: Decent Work and Economic Growth (approx. EUR 28.1 billion)
- SDG 7: Affordable and Clean Energy (approx. EUR 26.4 billion)
“With commitments of more than EUR 28 billion for climate action measures, we are one of the world’s leading supporters of the Paris climate targets,” explains Dr Günther Bräunig, CEO and Chief Sustainability Officer of KfW. “The fact that we are simultaneously making substantial contributions to all 16 other SDGs shows how we combine the environmental with the economic and social dimensions of sustainability as part of our broad statutory mandate.”
The financial sector can and must make significant contributions to the efforts for more climate action and sustainability. As a transformative promotional bank, KfW is assuming special responsibility in this context and has already launched the project “KfW Roadmap Sustainable Finance” in summer 2018, which aims to develop a stringent and multidimensional sustainability concept for the bank. One of the first results is the group-wide SDG mapping, which makes KfW’s contribution to the Sustainable Development Goals (SDGs) transparent. With this volume-based and largely automated mapping approach, KfW is a global pioneer when it comes to recording and publishing SDG financing targets.
Since the SDG mapping of KfW’s new commitments for 2018 was published for the first time in September 2019, international interest in KfW’s SDG mapping has been high. Many of our partners are currently planning similar publications and would thus like to learn more about KfW’s mapping method Dialogue about this topic has now taken place with several European promotional banks and multilateral organisations, among others.
- A graphic of the SDG mapping of 2019’s new commitments can be accessed .
- You can find detailed information about the KfW SDG mapping
There you will also find links to the Sustainable Development Goals (UN SDGs) as well as to Germany’s National Sustainable Development Strategy