Sustainable activities affect all banks and thus also KfW’s business areas. In 2018 KfW stepped up efforts in sustainability management by integrating it into the corporate strategy department – thereby giving it high priority.
Under the banner of “sustainable finance”, national and international discussions are taking place with regard to what a sustainable financial system could look like. KfW Group is shaping the transition both within its promotional business and also at EU level.
KfW Group’s key stakeholders increasingly regard the company as a pioneer, particularly when it comes to sustainable finance. In the EU’s view, this entails nothing less than the transformation of the financial markets.
An objective view from the outside provides impetus to scrutinise one’s own performance. KfW Group therefore uses sustainability ratings as an external benchmark for its strategy development – and incorporates constructive feedback into its processes.
A solid sustainability programme has an internal and external impact. KfW Group embeds responsible action in both business and banking operations and as an employer with concrete goals and measures. The framework is provided by the new sustainability mission statement.
In 2018, we intensified dialogue with our stakeholders and set up a stakeholder panel. Using an annual survey of selected experts, we will regularly identify what stakeholders expect of KfW. We will then use the findings to strategically improve the sustainability management and to identify key sustainability issues for KfW.