KfW and Sustainable Development Goals (SDGs)
Global challenges such as increasing global warming, social crises and international conflicts shape social and political discourse. They highlight the urgent need to drive the transition to a sustainable society. Against this background, the United Nations General Assembly adopted Agenda 2030 with the Sustainable Development Goals (SDGs) at the UN Summit on Sustainable Development in September 2015.
As one of the world's leading promotional banks, KfW supports these 17 goals for environmentally, economically and socially sustainable development. These efforts reinforce the bank's claim to be a pioneer in shaping the transformation to a better, more climate-friendly, more sustainable world. Based on its mandate as a promotional bank of the German Federal Government and the German federal states, KfW has been pursuing the sustainable improvement of living and economic conditions as its primary aim for more than seventy years.
KfW manages its business on the basis of key megatrends: climate and environmental protection (SDG 6, 7, 12, 13, 14, 15 and others), digitalisation and innovation (SDG 9 and others), social change (SDG 4, 10 and others) and globalisation (SDG 7, 8, 9 and others). As a “responsible bank”, KfW Group contributes to meeting all of the SDGs by promoting and financing countries, municipalities, companies and private individuals in Germany, Europe and around the world. Since no standardised procedure for reporting on financing contributions to the SDGs has existed to date, KfW has developed its own group-wide SDG mapping. KfW is thus transparent about which positive SDG contributions can be expected from its new commitments every year.
SDG mapping was developed as part of KfW's internal project “KfW Roadmap Sustainable Finance”. The project aims to make KfW even more sustainable in terms of financing. Taking into account the findings of SDG mapping, “KfW's Roadmap Sustainable Finance” will develop appropriate management options by mid-2020.
KfW Group contributes to all 17 SDGs. Our focus on promotion and financing is reflected in the SDG mapping. KfW makes the biggest contributions to
- SDG 11 – Sustainable Cities and Communities
- SDG 13 – Climate Action
- SDG 8: – Decent Work and Economic Growth
- SDG 7 – Affordable and Clean Energy
KfW is a pioneer in the banking sector with its volume-based SDG mapping.
KfW largely updates its annual SDG mapping automatically on the basis of the new commitments made the previous financial year.
SDG mapping of KfW Group
|UN SDG - Sustainable Development Goals||in EUR million|
|SDG 1 No Poverty||6,789|
|SDG 2 Zero Hunger||696|
|SDG 3 Good Health and Well-Being||2,492|
|SDG 4 Quality Education||4,270|
|SDG 5 Gender Equality||3,443|
|SDG 6 Clean Water and Sanitation||2,407|
|SDG 7 Affordable and Clean Energy||26,378|
|SDG 8 Decent Work and Economic Growth||28,123|
|SDG 9 Industry, Innovation and Infrastructure||15,600|
|SDG 10 Reduced Inequalities||6,178|
|SDG 11 Sustainable Cities and Communities||29,028|
|SDG 12 Responsible Consumption and Production||326|
|SDG 13 Climate Action||28,204|
|SDG 14 Life Below Water||145|
|SDG 15 Life on Land||589|
|SDG 16 Peace, Justice and Strong Institutions||3,591|
|SDG 17 Partnerships for the Goals||10,949|