Sustainability Report 2022Data according to the GRI, the German Commercial Code (HGB) and the TCFD

Illustration for the Data Report 2022. On a desktop are notes, a clipboard and a tablet showing a water pipe and three SDG symbols. One document also shows the model of the KfW sustainability project tranSForm.

In the 2022 data, KfW Group documents all the achievements and impacts it has made towards sustainable development. The PDF report follows the reporting standards of the Global Reporting Initiative (GRI), contains the non-financial report in accordance with the German Commercial Code (HGB) and the reporting on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

Portrait photo of KfW Chief Executive Officer Stefan Wintels

We must strengthen the sovereignty and resilience of Germany, Europe and the western world – above all by massively advancing the expansion of renewable energies and thus making ourselves more independent from fossil fuels. As a transformation and promotional bank, we provide the necessary incentives for this.

Stefan Wintels, Chief Executive Officer of KfW Group
Illustration for the Data Report 2022. On a desktop are notes, a clipboard and a tablet showing a water pipe and three SDG symbols. One document also shows the model of the KfW sustainability project tranSForm.

All 2022 sustainability data in a single report

PDF download (accessible document design)

KfW in figures

EUR 166.9 billion
KfW business volume in 2022 – a historic high

EUR 60.5 billion
for the priority area of climate change and the environment

40.2%
mobile working quota in 2022

20 Green Bonds
with a volume of EUR 10.6 billion were issued by KfW in 2022

150 charging points
for electric cars at KfW locations

Around 888,000
times the KfW Info Centre staff gave advice to requesting parties

Sustainability strategy

KfW Group intends to achieve a greenhouse gas-neutral loan portfolio in the first half of the century. To this end, we rely, among other things, on Paris-compatible sector guidelines for our financing. As part of the tranSForm strategy project, we also introduced group-wide impact management in 2022.

Sustainability aspects more firmly anchored in KfW’s strategic objectives.

Development of impact-based management options to further enhance the effectiveness of promotional and financing activities.

Corporate management

KfW Group has expanded its sustainability governance in recent years. With the group-wide Management Panel Sustainable Finance and two specialised teams in Group Development, KfW is well positioned to manage sustainability issues in an agile manner.

Publication of the revised declaration by KfW Group on consideration of human rights in its business operations.

Further development of stress testing of ESG risks and other risk instruments.

Climate reporting according to TCFD

Climate reporting helps to detect the possible impact of climate change on enterprises. The fourth consolidated TCFD report presents KfW Group’s recent steps and key structures for managing climate-related opportunities and risks.

Download TCFD Report of KfW Group

Not an accessible document design – an accessible version can be found in the 2022 Data Report.

KfW carried out further internal climate stress tests in 2022.

First expansion stage of an “ESG risk profile” in order to facilitate standardised assessment of business partners’ ESG risks from 2023.

Banking business

In 2022, a variety of crises demanded a great deal from politics, the economy and society. Nevertheless, the start of structural change in Germany is now discernible. With its funding, KfW made an intensive contribution to overcoming these challenges.

Increase in funding for developing countries and emerging economies to EUR 12.6 billion – EUR 8.2 billion for climate and environmental protection.

Introduction of the Worst Performing Building Bonus (WPB) in the form of a repayment bonus to promote the energy-efficient refurbishment of the 25% least energy-efficient buildings in Germany.

Banking operations

We also implement our environmental and social requirements in our own operations and adapt our processes to current developments. Since the reporting year, a newly created sustainability function in procurement has been responsible for checking compliance with contractually agreed environmental and social requirements at our suppliers.

Implementation of a food waste analysis and DGE certification in KfW’s in-house catering (DGE is the German Association for Nutrition).

Gradual conversion of the entire fleet of company vehicles to electric cars expected by 2025.

Employees

Thanks to a wide range of support services for employees, we have transferred mobile working into regular operation after more than two years of special operation and have already adapted it to current requirements.

Implementation of various measures with the aim of further increasing the proportion of women in leadership and senior specialist positions.

Extension of the staff agreement on working hours until the end of 2023 in order to further promote the transition from a culture of presence in the offices to a results-oriented culture.

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